Resumen

ECHENIQUE ROMERO, Ximena Valentina  y  MENDOZA COTA, Jorge Eduardo. El impacto del ahorro de las economías asiáticas en el déficit externo de Estados Unidos. Méx.cuenca pac [online]. 2013, vol.2, n.4, pp.17-40. ISSN 2007-5308.

This paper examines the determinants of U. S. external deficit (USED) focusing on two outstanding thesis in the academic debate. They consider the macroeconomic accounting convention and the global imbalances in a center-periphery model. Also, the Bernanke’s thesis is analyzed, particularly the direct relationship between investments in U. S. capital account, saving peripheral and USED. Finally, a time series econometric model is provided that relates the external deficit of the USA to the domestic savings and investment of that country and to the Chinese economy’s acquisition of U. S. Treasury Bonds. The outcomes showed a long run positive correlation between the U. S. external deficit growth and the acquisition of U. S. Treasury Bonds by the Chinese economy.

Palabras llave : The United States; China; Asian economies; external deficit; global disequilibrium.

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