Impacts of Peso Depreciation and Changes in Other Business and Economic Variables on Aggregate Output in Argentina

Impacts of Peso Depreciation and Changes in Other Business and Economic Variables on Aggregate Output in Argentina

Yu Hsing

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Matthew Alford

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Southeastern Louisiana University

Impacts of Peso Depreciation and Changes in Other Business and Economic Variables on Aggregate Output in Argentina

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Abstract

This paper examines the effects of real depreciation of the Argentine peso and changes in other relevant macroeconomic variables on real GDP in Argentina. The results show that real GDP is negatively influenced by real depreciation of the peso, the real interest rate and the expected inflation rate and positively affected by the ratio of government spending or government deficit to GDP, the real stock price, the real oil price and U.S. real GDP. Therefore, recent depreciation of the peso hurts real GDP whereas recent rise in the stock price helps real GDP. Relatively high interest rates reduce real GDP through personal consumption spending, investment spending and net exports.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Yu Hsing. 2016. \u201cImpacts of Peso Depreciation and Changes in Other Business and Economic Variables on Aggregate Output in Argentina\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 16 (GJMBR Volume 16 Issue B7).

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GJMBR Volume 16 Issue B7

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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Classification

GJMBR-B Classification JEL Code: L21

M21

Submission ReceivedDecember 14, 2015
Peer Review Double Blind
Handling Editor
Accepted January 4, 2016
Published January 15, 2016

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v1.2

Issue date

December 20, 2016

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Article Matrices

Total Score: 132

Country: United States

Subject: Global Journal of Management and Business Research - B: Economic & Commerce

Authors: Yu Hsing, Matthew Alford (PhD/Dr. count: 0)

View Count (all-time): 152

Total Views (Real + Logic): 3472

Total Downloads (simulated): 1923

Publish Date: 2016 12, Tue

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Total Views: 3472

Total Downloads: 1923

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