External cycles and commodities in Latin America and the Caribbean: a cointegration analysis with breaks

Abstract

External cycles and commodities in Latin America Fioriti (2014, 2015) Delbianco et Fioriti (2014, 2015 qui affirment que la région latino-américaine a subi deux ruptures structurelles au cours des 60 dernières années, lesquelles sont dues à l'évolution des prix des matières premières.

On the Volatility Spillover between Agricultural Commodities and Latin American Stock Markets

“…Additional variability has been induced by the slowdown in international demand (Gruss 2014), which has led to an end to the increase in prices and production that occurred in the first decade of the new millennium. The present work contributes to the literature by employing a three-step analysis devoted to shedding some light on the relationships among agricultural commodities and Latin American countries, which, as pointed out by Delbianco and Fioriti (2018), still depend strongly on commodities. First, the recent causality in the volatility test of Chang and McAleer (2017) was used to verify the presence of volatility spillovers among the markets under consideration.…”

Exploring the U-shape geographical bias in manufactured exports of MERCOSUR countries

“…While external conditions were favorable, manufactured exports were relevant and the second path succeeded in approaching the first. In the early 2000s, these economies surrendered to the great markets' demand for commodities Fioriti, 2018 and. The industrial sector could survive due to the domestic market, the MERCOSUR trade policy, and some competitive corrections to the real exchange rate.…”