Cambio estructural y convergencia de precios entre las principales ciudades de México

Autores/as

  • Mario Gómez Aguirre Instituto de Investigaciones Económicas y Empresariales, Universidad Michoacana de San Nicolás de Hidalgo
  • José Carlos Rodríguez Chávez Instituto de Investigaciones Económicas y Empresariales, Universidad Michoacana de San Nicolás de Hidalgo

DOI:

https://doi.org/10.18381/eq.v10i1.157

Resumen

En este artículo se realiza un análisis de convergencia de precios para 34 ciudades de México respecto a la Ciudad de México. Se utiliza la metodología de la prueba de raíz unitaria en datos panel que incorpora hasta dos cambios estructurales de Im et al. (2005). Los resultados no rechazan la paridad de precios relativa intranacional para las 34 ciudades, tanto para el nivel general de precios como para los precios de los 7 mercados específicos a nivel panel. Esto indica que los precios de las ciudades están fuertemente relacionados y que existe una convergencia de precios en el largo pazo respecto a la Ciudad de México.

Descargas

Los datos de descargas todavía no están disponibles.

Citas

Atkins, F. (2002). “Multiple Structural Breaks in the Nominal Interest Rate and Inflation in Canada and The United States,” The University of Calgary, http://www.econ.ucalgary.ca/research/research.htm.

Banco de México (2002). “Metodología para el Cambio de Base del INPC”, http://

www.banxico.org.mx/polmoneinflacion/estadisticas/indicesPrecios/indicesPrecios-

Consumidor.html

— (2009). “Regímenes Cambiarios en México a Partir de 1954”, http://www.banxico.

org.mx/PortalesEspecializados/tiposCambio/TiposCambio.html

— (1982). “Informe Anual del Banco de México”, http://www.banxico.org.mx

Banerjee, A., R. L. Lumsdaine y J. H. Stock (1992). “Recursive and Sequential tests of the Unit Root and Trend Break Hypothesis: Theory and International Evidence”, Journal of Business and Economic Statistics, 10, 271-287.

Benerjee, A., S. Lazarova y G. Urga (2003). “Bootstrapping Sequential Tests for Multiple Structural Breaks”, http://www.cass.city.ac.uk/conferences/esrc2002/BLU1202.pdf, 1-28.

Benerjee, A. y J. Carrion-i-Silvestre (2006). “Cointegration in Panel Data with Breaks and Cross-Section Dependence”, Working Paper Series, 591, European Central Bank, 1-56.

Carrion-i-Silvestre, J. L. y T. del Barrio (2003). “Evidence on the Purchasing Power Parity in Panel of Cities”, www.ub.es/irea/working_papers/2007/200710.pdf, 1-30.

Cassel, G. (1916). “The Present Situation of the Foreign Exchanges”, Economic Journal, 26 (101), 62-65.

— (1918). “Abnormal Deviations in International Exchanges”, Economic Journal, 28 (112). 413-15.

— (1919). “The Depreciation of the German Mark”, Economic Journal, 29 (116), 492-96.

— (1921). The Word’s Monetary Problem (New York).

— (1922). Money and Foreign Exchange after 1914 (New York).

— (1925). “Rates of Exchange and Purchasing Power Parity,” Quarterly Report, 29, 17-21.

— (1928). “Post-War Monetary Stabilization”, OPTICA Report 1976.

Cecchetti, S., Mark, N. y Sonora, R. (2002). “Price Index Convergence Among United Status Cities”, International Economic Review, 43 (4), 1081-99.

Ceglowski, J. (2003). “The Law of One Price: International Evidence for Canada”, The Canadian Journal of Economics, 36 (2), 373-400.

Chaudhuri, K. y J. Sheen (2004). “Purchasing Power Parity Across States and Goods Within Australia”, The Economic Record, 80 (250), 314-329.

Chritiano, L. (1992). “Searching for a break in GNP,” Journal of Business and Economic Statistics, 3, 237-50.

Crucini, M. J., C. Telmer y M Zachariadis (2005). “Understanding European Real Exchange Rate”, The American Economic Review, 95 (3), 724-738.

Dickey, D. A. y W. A. Fuller (1979). “Distribution of the Estimators for Autoregressive Time Series with a Unit Root”, Journal of the American Statistical Association”, 74, 427-431.

— (1981). “Likelihood Ratio Tests for Autoregressive Time Series with a Unit Root”, Econometrica, 49, 1057-1072.

Dornbusch, R. (1987). “Exchange Rate Economics: 1986”, NBER, Working Paper 2071, 1-43.

— (1985). “Purchasing Power Parity”, NBER, Working Paper 1591, 1-34.

Dreger, C. y R. Kosfeld (2010). “Do Regional Price Levels Convergence?”, Journal of Economics and Statistics, 230, 274-286.

Engel, C. y J. Rogers (1994). “How wide is the border?”, NBER Working Paper, 4829,1-43.

González, M. y F. Rivadeneyra (2004), “La Ley de un Sólo Precio en México: un Análisis Empírico”, Gaceta de Economía, ITAM, 19, 91-115.

Gujarati, D. (2004). Econometría, Cuarta Edición, Mcgraw-Hill, México.

Hansen, B. (2001). “The New Econometrics of Structural Change: Dating Breaks in U.S. Labor Productivity,” Journal of Economic Perspectives, 15 (4), 117-128.

Im, K., J. Lee y M. Tieslau (2005). “Panel LM Unit Root Tests with Level Shifts”, Oxford Bulletin of Economics an Statistics, 67, 393-419.

Kapetanios, G. (2005). “Unit-Root Testing against the Alternative Hypothesis of up to m Structural Breaks”, Journal of Time Series Analysis, 1, 123-133.

Kim, D. y P. Perron (2009). “Unit Root Test Allowing for a Break in the Trend Function at an Unknown Time Ander both the Null and Alternative Hypotheses”, Journal of Econometrics, 148, 1-13.

Lee, J. y M. Strazicich (2001). “Break Point Estimation and Spurious Rejections with Endogenous Unit Root tests”, Oxford Bulletin of Economics and Statistics, 63, 535-558.

— (2003). “Minimum Lagrange Multiplier Unit Root Test with Two Structural Breaks”, Review of Economics and Statistics, 85, 1082-1089.

— (2004). “Minimum LM Unit Root Test with One Structural Breaks”, Manuscript, Department of Economics, Appalachian State University, 1-16.

Lucas, R. (1976). “Econometric Policy Evaluation: A Critique,” Journal of Monetary Economics, 1 (1), 19-46.

Lumsdaine, R. y D. Papell (1997). “Multiple Trend Breaks and the Unit Root Hypothesis,” The Review of Economics and Statistics, 79, 212-218.

Maddala, G. S. e In-Moo Kim (1998). Unit Root, Cointegration and Structural Change, Cambrige University Press, UK.

Morshed, A. K. M., Ahn, S. K. y Lee, M. (2006). “Price Index Convergence among Indian Cities: A Cointegration Approach”, Journal of Asian Economics, 17 (6), 1030- 1043.

Nagayasu, J. (2010). “Regional Inflation (Price) Behaviors: Heterogeneity and Convergence”, MPRA Paper 25430, University Library of Munich, Germany, 1-32.

Nath, H. K. y J. Sarkar (2009). “Unbiased Estimation of the Half-Life to Price Index Convergence among U.S. Cities”, Journal of Money, Credit and Banking, 41 (5), 1041-1046.

Nelson, C. R. y C. I. Plosser (1982). “Trends and Random Walks in Macroeconomic Time Series: Some Evidence and Implications,” Journal of Monetary Economics, 2, 139-162.

Oh, Y. y K. Han (2009). “Purchasing Power Parity in Korean City Panels with Disaggregate Price Indices”, Applied Economics Letters, 16, 45-49.

Perron, P. (1989). “The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis”, Econometrica, 57 (6), 1361-1401.

— (1997). “Further Evidence on Breaking Trend Functions in Macroeconomic Variables“, Journal of Econometrics, 80 (2), 355-385.

Pulido, A. (2001). Modelos Econométricos, Ediciones Pirámide, México.

Rappoport, P. y L. Reichlin (1989). “Segmented Trends y Nonstationary Time Series”, The Economic Journal, 99 (395), 168-177.

Sonora, R. (2005). “City CPI Convergence in Mexico”, Review of Development Economics, 9 (3), 359-367.

— (2009). “City Relative Price Convergence in the USA with Structural Breaks”, Applied Economics Letters, 16 (9), 939-944.

Vargas-Téllez, C. O. (2008). “Purchasing Power Parity across Mexican Cities: A Panel

Data Analysis”, Applied Economics, 40 (22), 2891-2899.

Zivot, E. y D. Andrews (1992). “Further Evidence on the Great Crash, the Oil Price Shock, and the Unit Root Hypothesis”, Journal of Business and Economic Statistics, 10 (3), 251-270.

Yazgan M. E., Yilmazkuday, H. (2011). “Price-Level Convergence: New Evidence from U.S. Cities”, Economics Letters, 110: 76-78.

Descargas

Publicado

2013-06-25

Cómo citar

Gómez Aguirre, M., & Rodríguez Chávez, J. C. (2013). Cambio estructural y convergencia de precios entre las principales ciudades de México. EconoQuantum, 10(1), 59–75. https://doi.org/10.18381/eq.v10i1.157

Métrica