<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2007-5308</journal-id>
<journal-title><![CDATA[México y la cuenca del pacífico]]></journal-title>
<abbrev-journal-title><![CDATA[Méx.cuenca pac]]></abbrev-journal-title>
<issn>2007-5308</issn>
<publisher>
<publisher-name><![CDATA[Universidad de Guadalajara, Centro Universitario de Ciencias Sociales y Humanidades, Departamento de Estudios del Pacífico]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2007-53082013000200017</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[El impacto del ahorro de las economías asiáticas en el déficit externo de Estados Unidos]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Echenique Romero]]></surname>
<given-names><![CDATA[Ximena Valentina]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Mendoza Cota]]></surname>
<given-names><![CDATA[Jorge Eduardo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,El Colegio de la Frontera Norte  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>México</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,El Colegio de la Frontera Norte Departamento de Estudios Económicos ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>México</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>08</month>
<year>2013</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>08</month>
<year>2013</year>
</pub-date>
<volume>2</volume>
<numero>4</numero>
<fpage>17</fpage>
<lpage>40</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2007-53082013000200017&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2007-53082013000200017&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2007-53082013000200017&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen En el presente artículo se estudian los determinantes del déficit externo de Estados Unidos (DEEUA) a partir de dos tesis destacadas en el debate académico sobre el tema. Éstas consideran la convención macroeconómica contable del déficit externo y el desequilibrio global en un modelo centro-periferia. La hipótesis de trabajo que logra comprobar el texto a través de la evidencia econométrica de vectores autorregresivos es la existencia de una relación a largo plazo entre la adquisición de bonos y pagarés del Tesoro de EUA por parte de China y el DEEUA. Asimismo, de acuerdo con esta metodología no es posible establecer una relación causal, per se, entre el nivel de ahorro e inversión de Estados Unidos y el déficit externo nacional.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract 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&#8217;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&#8217;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.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Estados Unidos]]></kwd>
<kwd lng="es"><![CDATA[China]]></kwd>
<kwd lng="es"><![CDATA[déficit externo]]></kwd>
<kwd lng="es"><![CDATA[desequilibrio global]]></kwd>
<kwd lng="es"><![CDATA[economías asiáticas]]></kwd>
<kwd lng="en"><![CDATA[The United States]]></kwd>
<kwd lng="en"><![CDATA[China]]></kwd>
<kwd lng="en"><![CDATA[Asian economies]]></kwd>
<kwd lng="en"><![CDATA[external deficit]]></kwd>
<kwd lng="en"><![CDATA[global disequilibrium]]></kwd>
</kwd-group>
</article-meta>
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