Hostname: page-component-cd9895bd7-q99xh Total loading time: 0 Render date: 2024-12-25T15:22:32.769Z Has data issue: false hasContentIssue false
  • English
  • Français

Tests de causalidad, dinero y renta en España, 1904–1974

Published online by Cambridge University Press:  28 April 2010

Jose Luis Garcia Ruiz
Jose Luis Garcia Ruiz
Affiliation:
Universidad Complutense
Get access Rights & Permissions [Opens in a new window]

Abstract

This essay applies the causality test methodology to the series of income and money in Spain between 1904 and 1974. The results are not unambiguous, like in other experiences, but in the Spanish case ambiguity could be explained by the short term behavior of income.

Resumen

El presente trabajo utiliza el método de los tests de causalidad y lo aplica a la relación entre las fuerzas monetarias y las fuerzas reales de la economía, en el caso español, entie 1904 y 1974, utilizando las principales series de dinero y renta disponibles. Los resultados no esconden su ambigüedad, y ello, aunque se corresponde con las experiencias de otros países, queda explicado, en buena medida, por el diferente comportamiento en el corto plazo de las series de renta utilizadas.

Type
Articulos
Information
Revista de Historia Economica - Journal of Iberian and Latin American Economic History , Volume 10 , Issue 2 , September 1992 , pp. 295 - 308
Copyright
Copyright © Instituto Figuerola de Historia y Ciencias Sociales, Universidad Carlos III de Madrid 1992

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

BIBLIOGRAFIA

Alcaide, J. (1976): «Una revisión urgente de la serie de renta nacional espanóla en el siglo XX», en Datos básicos para la historia financiera de España, 1850–1975, vol. I, Instituto de Estudios Fiscales.Google Scholar
Anes, R. (1978): «Comparación de las fluctuaciones monetaria y real de la economáa española (1874–1935)», en Otazu, A. (ed.): Dineroy Crédito (siglos XVI al XIX), Madrid.Google Scholar
Basman, R. L. (1963): «The Causal Interpretation of Non Triangular Systems of Economic Relations», Econometrica, vol. 31.Google Scholar
Bordo, M. D. (1986): «Explorations in Monetary History: A Survey of the Literature», Explorations in Economic History, vol. 23.CrossRefGoogle Scholar
Brillembourg, A., y Kahn, M. S. (1979): «The Relationship Between Money, Income and Prices: Has Money Mattered Historically?», Journal of Money, Credit and Banking, vol. 9.Google Scholar
Carreras, A. (coord.) (1989). Estadisticas históricas de España. Siglos XIX–XX, Fundación Banco Exterior.Google Scholar
Eichengreen, B. (1983): «The Cause of British Business Cycles, 1833–1913», The journal of European Economic History, vol. 12.Google Scholar
Feige, E. L., y Pearce, D. K. (1974): The Causality Relationship Between Money and Income: A Time Series Approach, Chicago.Google Scholar
Friedman, M., y Schwartz, A. J. (1963): A Monetary History of the United States, 1867–1960, Princeton.Google Scholar
Friedman, M., y Schwartz, A. J., (1982). Monetary Trends in the United States and the United Kingdom, Chicago.CrossRefGoogle Scholar
Granger, C. W. J., y Hatanaka, M. (1964). Spectral Analysis of Economic Time Series, Nueva York.Google Scholar
Granger, C. W. J., y Hatanaka, M. (1969): «Investigating Causal Relationships by Econometric Models and Cross Spectral Methods», Econometrica, vol. 37.CrossRefGoogle Scholar
Harvey, A. C. (1981): The Econometric Analysis of Time Series, Nueva York.Google Scholar
Hoyo, J. Del, y Terceiro, J. (1979): «Causalidad en series temporales. Alguna evidencia empírica para la economía española», Cuadernos de Economia, vol. 6, núm. 17.Google Scholar
Huffman, W. E., y Lothian, J. R. (1980): «Money in the United Kingdom, 1833–1880», Journal of Money, Credit and Banking, vol. 12.Google Scholar
Kaldor, N. (1970): «The New Monetarism», Lloyd's Bank Review, núm. 1.Google Scholar
Leamer, E. (1985): «Vector Autoregression for Causal Inference», Carnegie Rochester Conference. Series on Public Policy, vol. 22.CrossRefGoogle Scholar
McCloskey, D. N. y Zecher, R. J. (1976): «How the Gold Standard Worked, 1880–1913?», Frenkel, J. A., y Johnson, H. G. (ed.): The Monetary Approach to the Balance of Payments, Toronto.Google Scholar
Mills, T. C., y Wood, G. E. (1978): «Money-Income Relationships and the Exchange Rate Regime», Federal Reserve Batik of St. Louis Review, vol. 60.Google Scholar
Mills, T. C., y Wood, G. E. (1982): «Econometric Evaluation of Alternative Money Stock Series, 1880–1913», Journal of Money, Credit and banking, vol. 14.Google Scholar
Orcutt, G. H. (1952): «Actions, Consequences and Causal Relations», Review of Economics and Statistics, vol. 34.CrossRefGoogle Scholar
Pikkarainen, P., y Viren, M. (1989): «Granger Causality Between Money, Output, Prices and Interest Rates. Some Cross-Country Evidence from the Period 1875–1984», Weitwirtschaftliches Archiv, vol. 125.Google Scholar
Simon, H. A. (1953): «Causal Ordering and Identificability», Hood, W. C., y Koopmans, T. C. (ed.): Studies in Econometric Method, Cowles Commission Monograph, vol. 14.Google Scholar
Sims, C. A. (1972): «Money, Income and Causality», American Economic Review, vol. 62.Google Scholar
Sims, C. A. (1980): «Macroeconomics and Reality» en Econometrica, vol. 48.CrossRefGoogle Scholar
Stock, J. H., y Watson, M. W. (1989): «Interpreting the Evidence on Money-Income Causality», Journal of Econometrics, num. 40.Google Scholar
Strotz, R. H., y Wold, H. (1960): «Recursive versus Non-Recursive Systems: An Attempt of Synthesis», Econometrica, vol. 28.Google Scholar
Temin, P. (1984): La nueva historia económica, Madrid.Google Scholar
Tobin, J. (1970): «Money and Income: Post Hoc Ergo Propter Hoc?», Quarterly Journal of Economics, vol. 84 (con comentario critico de M. Friedman).CrossRefGoogle Scholar
Zellner, A. (1989): «Causality and Econometrics», Carnegie Rochester Conference. Series on Public Policy, vol. 10.Google Scholar
V. V. A. A. (1974): El método histórico, Univ. de Navarra.Google Scholar