Standard vs. expectation-based indices of TOT volatility in Argentina and other land-abundant countries
Fil: Arrufat, José Luis. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.
| Main Authors: | , , |
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| Format: | conferenceObject |
| Language: | eng |
| Published: |
2022
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| Online Access: | http://hdl.handle.net/11086/28176 |
| _version_ | 1806012124164521984 |
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| author | Arrufat, José Luis Buzzi, Sergio Martín Díaz Cafferata, Alberto M. |
| author_facet | Arrufat, José Luis Buzzi, Sergio Martín Díaz Cafferata, Alberto M. |
| author_sort | Arrufat, José Luis |
| collection | Repositorio Digital Universitario |
| description | Fil: Arrufat, José Luis. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. |
| format | conferenceObject |
| id | rdu-unc.28176 |
| institution | Universidad Nacional de Cordoba |
| language | eng |
| publishDate | 2022 |
| record_format | dspace |
| spelling | rdu-unc.281762024-07-08T15:37:11Z Standard vs. expectation-based indices of TOT volatility in Argentina and other land-abundant countries Arrufat, José Luis Buzzi, Sergio Martín Díaz Cafferata, Alberto M. Terms of trade Volatility Land abundance Argentina Australia Canada New Zealand Uruguay Fil: Arrufat, José Luis. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. Fil: Buzzi, Sergio Martín. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. Fil: Díaz Cafferata, Alberto M. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. We mean to improve upon a standing ambiguity in the meaning of "volatility", building an indicator that possesses desirable properties: it reflects unobserved ex ante uncertainty, makes reference to a time process, and uses the admissible data set for the economic agent. We point out the characteristics of old and new approaches, and estimate TOT volatility evolutions for selected land-abundant countries using our own forward-looking estimation based on forecasting errors. We argue that this estimation is free from methodological weaknesses of other methods. A check on the robustness of methods shows that different definitions provide non-coincident patterns of volatility. Se construyen indicadores de volatilidad con propiedades deseables: reflejan incertidumbre ex ante; dependen del tiempo; utilizan el conjunto de datos admisible para los agentes. Se comparan enfoques de la incertidumbre: por una parte, estática comparativa; por otra, series de tiempo. Se estima la volatilidad de TI: a)utilizando procedimientos basados en errores de predicción; b)se explora la robustez de los métodos a cambios en la memoria, los ciclos percibidos, y el horizonte de planeamiento; c)se compara volatilidad entre países abundantes en tierra. Los análisis empíricos demuestran que definiciones alternativas generan patrones de volatilidad no coincidentes, exigiendo racionalizar la elección. Fil: Arrufat, José Luis. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. Fil: Buzzi, Sergio Martín. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. Fil: Díaz Cafferata, Alberto M. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina. Economía, Econometría 2022-08-12T18:46:30Z 2022-08-12T18:46:30Z 2014-11 conferenceObject 978-987-28590-2-2 http://hdl.handle.net/11086/28176 eng Licencia Creative Commons Atribución-NoComercial-CompartirIgual 4.0 Internacional http://creativecommons.org/licenses/by-nc-sa/4.0/ Electrónico y/o Digital |
| spellingShingle | Terms of trade Volatility Land abundance Argentina Australia Canada New Zealand Uruguay Arrufat, José Luis Buzzi, Sergio Martín Díaz Cafferata, Alberto M. Standard vs. expectation-based indices of TOT volatility in Argentina and other land-abundant countries |
| title | Standard vs. expectation-based indices of TOT volatility in Argentina and other land-abundant countries |
| title_full | Standard vs. expectation-based indices of TOT volatility in Argentina and other land-abundant countries |
| title_fullStr | Standard vs. expectation-based indices of TOT volatility in Argentina and other land-abundant countries |
| title_full_unstemmed | Standard vs. expectation-based indices of TOT volatility in Argentina and other land-abundant countries |
| title_short | Standard vs. expectation-based indices of TOT volatility in Argentina and other land-abundant countries |
| title_sort | standard vs expectation based indices of tot volatility in argentina and other land abundant countries |
| topic | Terms of trade Volatility Land abundance Argentina Australia Canada New Zealand Uruguay |
| url | http://hdl.handle.net/11086/28176 |
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