From surpluses to deficits: the effect of dark matter on Latin America
Fuente:
Redalyc
Salvato in:
| Autore principale: | |
|---|---|
| Natura: | Artículo científico |
| Lingua: | en |
| Pubblicazione: |
Portal Universia S.A.
2007
|
| Soggetti: | |
| Accesso online: | |
| Tags: |
Aggiungi Tag
Nessun Tag, puoi essere il primo ad aggiungerne!!
|
| _version_ | 1876457079320870912 |
|---|---|
| author | Ricardo Hausmann |
| author_facet | Ricardo Hausmann |
| contents | From surpluses to deficits: the effect of dark matter on Latin America Ricardo Hausmann Federico Sturzenegger Economía y Finanzas Dark Matter Latin America Current Account Imbalances In previous work we have defi ned “dark matter” as the diff erence between the capitalized value of net investment income of a country and the offi cial measure of its net foreign assets. In this paper we estimate dark matter assets for Latin American countries. We fi nd that offi cial current account dynamics follow reasonably well the evolution of dark matter inclusive net foreign assets in the region over relatively long periods such as the last two decades. However in the period 2002-2004 offi cial statistics suggest a current account surplus that becomes a defi cit of close to 300 billion once dark matter is included. Th is happens because offi cial numbers underestimate current account imbalances for commodity producers who experienced signifi cant capital losses as a result of the recent commodity boom. 2007 artículo científico 1988-7116 https://www.redalyc.org/articulo.oa?id=511851316003 en http://www.redalyc.org/revista.oa?id=5118 Journal of Globalization, Competitiveness & Governability / Revista de Globalización, Competitividad y Gobernabilidad / Revista de Globalização, Competitividade e Governabilidade application/pdf Portal Universia S.A. Journal of Globalization, Competitiveness & Governability / Revista de Globalización, Competitividad y Gobernabilidad / Revista de Globalização, Competitividade e Governabilidade (España) Num.1 Vol.1 |
| format | Artículo científico |
| id | redalyc_511851316003 |
| institution | Redalyc |
| language | en |
| publishDate | 2007 |
| publisher | Portal Universia S.A. |
| spellingShingle | From surpluses to deficits: the effect of dark matter on Latin America Ricardo Hausmann Economía y Finanzas Dark Matter Latin America Current Account Imbalances From surpluses to deficits: the effect of dark matter on Latin America Ricardo Hausmann Federico Sturzenegger Economía y Finanzas Dark Matter Latin America Current Account Imbalances In previous work we have defi ned “dark matter” as the diff erence between the capitalized value of net investment income of a country and the offi cial measure of its net foreign assets. In this paper we estimate dark matter assets for Latin American countries. We fi nd that offi cial current account dynamics follow reasonably well the evolution of dark matter inclusive net foreign assets in the region over relatively long periods such as the last two decades. However in the period 2002-2004 offi cial statistics suggest a current account surplus that becomes a defi cit of close to 300 billion once dark matter is included. Th is happens because offi cial numbers underestimate current account imbalances for commodity producers who experienced signifi cant capital losses as a result of the recent commodity boom. 2007 artículo científico 1988-7116 https://www.redalyc.org/articulo.oa?id=511851316003 en http://www.redalyc.org/revista.oa?id=5118 Journal of Globalization, Competitiveness & Governability / Revista de Globalización, Competitividad y Gobernabilidad / Revista de Globalização, Competitividade e Governabilidade application/pdf Portal Universia S.A. Journal of Globalization, Competitiveness & Governability / Revista de Globalización, Competitividad y Gobernabilidad / Revista de Globalização, Competitividade e Governabilidade (España) Num.1 Vol.1 |
| title | From surpluses to deficits: the effect of dark matter on Latin America |
| topic | Economía y Finanzas Dark Matter Latin America Current Account Imbalances |
| url | https://www.redalyc.org/articulo.oa?id=511851316003 |