Cómo citar
de Jesús-Gutiérrez R. (2020). Integración entre mercados de petróleo de diferente calidad con base en las correlaciones condicionales dinámicas. Revista Finanzas y Política Económica, 11(2), 353-374. https://doi.org/10.14718/revfinanzpolitecon.2019.11.2.8

Resumen

Este artículo prueba el grado de integración de México en los mercados internacionales del petróleo a través de la evolución de las correlaciones dinámicas en periodos estables, de crisis e inestables. Las estimaciones del modelo GARCH-CCD muestran que las correlaciones son positivas y cambian con el tiempo en respuesta al origen de choques en los precios del petróleo para los periodos de relativa calma, crisis y turbulencia financiera. Asimismo, los resultados del estadístico-t y valor-p bootstrap confirman que las correlaciones son significativamente diferentes en periodos de estabilidad e inestabilidad con respecto a las correlaciones del periodo de crisis, lo que favorece la hipótesis de regionalización entre los mercados de petróleo. Los hallazgos tienen importantes implicaciones económicas y financieras para el gobierno y los consumidores.

Licencia

Derechos de autor 2020 Revista Finanzas y Política Económica

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Esta obra está bajo licencia internacional Creative Commons Reconocimiento-NoComercial 4.0.

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