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El índice Big Mac y su relación con la paridad del poder de compra en el caso colombiano

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Torres Tamayo, Maria Constanza
Chaves Castro, Alvaro Hernando
Perdomo Strauch, Alvaro Andrés
Abstract (Spanish)
El Big Mac como indicador proxy de la paridad de poder de compra cobra mucha relevancia durante periodos de alta depreciación de la moneda. ¿Se encuentran subvaluadas o sobrevaloradas las monedas con respecto al dólar?, ¿se cumple la paridad del poder de compra (PPC) absoluta y relativa en Colombia? Mediante una estructura de datos de corte longitudinal y la estimación de un modelo de datos de panel, damos respuesta a estas preguntas. Para Colombia se han observado momentos en los que oficialmente se informaba una apreciación del peso frente al dólar, el índice Big Mac detectó una depreciación real. Las estimaciones indican que existe evidencia empírica a favor de la PPC absoluta, es decir, a partir de la ecuación transformada por logaritmos y estimada mediante el método GLS, mientras que no existe evidencia empírica que apoye el cumplimiento de la PPC en términos relativos
Abstract (English)
The Big Mac as a proxy indicator of purchasing power parity becomes very relevant during periods of high currency depreciation. Are they undervalued or Are currencies overvalued with respect to the dollar? Is purchasing power parity met? (PPC) absolute and relative in Colombia? Using a longitudinal data structure and the estimating a panel data model, we answer these questions. For Colombia There have been moments in which an appreciation of the peso against the dollar was officially reported, the Big Mac index detected a real depreciation. Estimates indicate that there is empirical evidence in favor of absolute PPP, that is, from the equation transformed by logarithms and estimated by the GLS method, while there is no empirical evidence that support compliance with the CFP in relative terms
Extent
30 páginas
URI: https://repositorio.escuelaing.edu.co/handle/001/3407
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AG - Centro de Estudios Económicos
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