Spanish Abstract: En el presente trabajo se lleva a un contexto regional la metodología de Stock y Watson (1991), usualmente aplicada en la construcción de indicadores de actividad económicas a nivel macroeconómico. A partir de siete series históricas claves del departamento del Valle del...

Cuban reform process lags behind the GDP growth reached by the Vietnamese. When comparing the evolution of the different sectors and demand components of GDP, Vietnam has had higher growth rates in all cases, highlighting exports first and investment second. Once the Balance of Payments...

The study developed by Stock and Watson (1991) has served as a catalyst for the construction of monthly indicators of economic activity. However, its application has been focused on national statistics. In this article we develop a new empirical strategy of three steps to build regional economic...

Spanish Abstract: En el presente siglo China se ha convertido en el segundo socio comercial de Colombia, solo por debajo de los EEUU y superando el peso de socios tradicionales como Ecuador y Venezuela. Dada la creciente dependencia al gigante asiático se espera un efecto directo de la...

Right since December 17, 2014, the White House said that one of the principal objectives of its new Cuba policy would be promoting the expansion of the private sector on the island. However, those decisions practically have had no effect. On the one hand, the U.S. government wants this aid to...

This article analyzes the transmission mechanisms of the global crisis on variables that pertain to Cuban monetary policy. The analytical starting point are the results of estimating an econometric model known as a Structural Vector Autoregression (SVAR) model, which serves as the basis for...

The Cuban economy currently operates with two local currencies –the Cuban peso and the convertible peso, both with convertibility problems and multiple and overvalued exchange rates– and has been subject to a banking crisis since 2009. It is a veritable monetary and financial jigsaw puzzle....