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Koop, G., Pesaran, M. H., & Potter, S. M. (1996). Impulse response analysis in nonlinear multivariate models. Journal of Econometrics, 74(1), 119–147. https://doi.org/10.1016/0304-4076(95)01753-4
Lee, K., & Ni, S. (2002). On the dynamic effects of oil price shocks: a study using industry level data. Journal of Monetary Economics, 49(4), 823–852. https://doi.org/10.1016/S0304-3932(02)00114-9
Lee, K., Ni, S. & Ratti, R. A. (1995). Oils Shocks and the Macroeconomy: The Role of Price Volatility. The Energy Journal, 16(4), 39-56. https://doi.org/10.5547/ISSN0195-6574-EJ-Vol16-No4-2
Mork, K. A. (1989). Oil and the Macroeconomy When Prices Go Up and Down: An Extension of Hamilton’s Results. Journal of Political Economy, 97(3), 740–744. https://doi.org/10.1086/261625
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Potter, S. M. (2000). Nonlinear impulse response functions. Journal of Economic Dynamics and Control, 24(10), 1425–1446. https://doi.org/10.1016/S0165-1889(99)00013-5
BCCR (2016a). Índices de Precios. San José, Costa Rica: Banco Central de Costa Rica. Recuperado de http://www.bccr.fi.cr/indicadores_economicos_/Indices_Precios.html
BCCR (2016b). Tipos de Cambio. San José, Costa Rica: Banco Central de Costa Rica. Recuperado de http://www.bccr.fi.cr/indicadores_economicos_/Tipos_cambio.html
Bernanke, B.; Gertler, M. & Watson, M. (1997). Systematic Monetary Policy and the Effects of Oil Price Shocks. Brookings Papers on Economic Activity, 1, 91-157. Recuperado de https://www.brookings.edu/bpea-articles/systematic-monetary-policy-and-the-effects-of-oil-price-shocks/
Bloomberg, S. B. & Harris, E. S. (1995). The Commodity-Consumer Prices Connection: Fact of Fable? Federal Reserve Bank of New York Economic Policy Review, 1(3) 21-38.
Cutler, J., Chan, C. & Li, U. (2005). The Relationship Between Commodity and Consumer Prices in Mainland China and Hong Kong. Hong Kong: Monetary Authority Quarterly Bulletin.
Edelstein, P., & Kilian, L. (2009). How sensitive are consumer expenditures to retail energy prices? Journal of Monetary Economics, 56(6), 766–779. https://doi.org/10.1016/j.jmoneco.2009.06.001
Edelstein, P., & Kilian, L. (2007). The Response of Business Fixed Investment to Changes in Energy Prices: A Test of Some Hypotheses about the Transmission of Energy Price Shocks. The B.E. Journal of Macroeconomics, 7(1). https://doi.org/10.2202/1935-1690.1607
Ferrucci, G., Jiménez-Rodríguez, R. & Oronte, L. (2010). Food Price Pass-Through in the Euro Area, the Role of Asymmetries and Non-Linearities. Working Paper Series No 1168. European Central Bank.
Furlong, F. & Ingenito, R. (1996). Commodity Prices and Inflation. FRBSF Economic Review, 2, 27-47. Recuperado de https://www.frbsf.org/economic-research/files/furlong.pdf
Gallant, A. R., Rossi, P. E. & Tauchen, G. (1993). Nonlinear Dynamic Structures. Econometrica, 61(4), 871-907. https://doi.org/10.2307/2951766
Hamilton, J. D. (1996). This is what happened to the oil price-macroeconomy relationship. Journal of Monetary Economics, 38(2), 215–220. https://doi.org/10.1016/S0304-3932(96)01282-2
Hamilton, J. D. (2003). What is an oil shock? Journal of Econometrics, 113(2), 363–398. https://doi.org/10.1016/S0304-4076(02)00207-5
INEC (2016). Índice de precios al consumidor. San José, Costa Rica. Instituto Nacional de Estadística y Censos. Recuperado de http://www.inec.go.cr/economia/indice-de-precios-al-consumidor
Kilian, L., & Vigfusson, R. J. (2011). Are the responses of the U.S. economy asymmetric in energy price increases and decreases?: Are responses of the U.S. economy asymmetric? Quantitative Economics, 2(3), 419–453. https://doi.org/10.3982/QE99
Koop, G., Pesaran, M. H., & Potter, S. M. (1996). Impulse response analysis in nonlinear multivariate models. Journal of Econometrics, 74(1), 119–147. https://doi.org/10.1016/0304-4076(95)01753-4
Lee, K., & Ni, S. (2002). On the dynamic effects of oil price shocks: a study using industry level data. Journal of Monetary Economics, 49(4), 823–852. https://doi.org/10.1016/S0304-3932(02)00114-9
Lee, K., Ni, S. & Ratti, R. A. (1995). Oils Shocks and the Macroeconomy: The Role of Price Volatility. The Energy Journal, 16(4), 39-56. https://doi.org/10.5547/ISSN0195-6574-EJ-Vol16-No4-2
Mork, K. A. (1989). Oil and the Macroeconomy When Prices Go Up and Down: An Extension of Hamilton’s Results. Journal of Political Economy, 97(3), 740–744. https://doi.org/10.1086/261625
Petrecolla, D. (2006). Costa Rica. Agrocadena del arroz. Estudio Sectorial de Competencia. (Project Report prepared for The World Bank. Manuscript). Recuperado de https://www.coprocom.go.cr/publicaciones/informes/InformeFinalArroz.pdf
Potter, S. M. (2000). Nonlinear impulse response functions. Journal of Economic Dynamics and Control, 24(10), 1425–1446. https://doi.org/10.1016/S0165-1889(99)00013-5
Copyright
© Revista de Ciencias Económicas, 2018
Afiliaciones
Cristian Álvarez Corrales
Banco Central de Costa Rica
Manfred Esquivel Monge
Banco Central de Costa Rica
Comentarios
Asimetrías en el traspaso de precios de materias primas en Costa Rica, ¿influye el nivel de competencia?
Ciencias Económicas: Volumen 36, Número 1
Enviado: Jun 29, 2018
Publicado: Jun 30, 2018
Resumen
Se estudia la presencia de asimetrías en el traspaso de precios de materias primas a precios de bienes de consumo en Costa Rica, mediante modelos multiecuacionales estructurales de rezagos distribuidos. Esto en contraposición a la literatura tradicional que emplea modelos VAR censurados, pues estos últimos generan estimaciones del traspaso asintóticamente sesgadas. La evidencia sugiere que el traspaso al índice de precio al consumidor no muestra evidencia de asimetría, pero en productos asociados a trigo, maíz, arroz y fertilizantes el traspaso es asimétrico; además, se encuentra que la asimetría se acentúa en los mercados donde existe alta concentración de oferentes.