<?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>0120-3053</journal-id>
<journal-title><![CDATA[Apuntes del Cenes]]></journal-title>
<abbrev-journal-title><![CDATA[Apuntes del Cenes]]></abbrev-journal-title>
<issn>0120-3053</issn>
<publisher>
<publisher-name><![CDATA[Universidad Pedagógica y Tecnológica de Colombia (UPTC)]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0120-30532020000200107</article-id>
<article-id pub-id-type="doi">10.19053/01203053.v39.n70.2020.10876</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Efecto derrame del mercado internacional en las economías latinoamericanas: los casos de Chile, Brasil, Colombia y México]]></article-title>
<article-title xml:lang="en"><![CDATA[Spillover Effect of International Market on Latin American Economies: The Cases of Chile, Brazil, Colombia and Mexico]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Candelo-Viáfara]]></surname>
<given-names><![CDATA[Juan Manuel]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Oviedo-Gómez]]></surname>
<given-names><![CDATA[Andrés]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad del Valle  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Colombia</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad del Valle  ]]></institution>
<addr-line><![CDATA[Cali ]]></addr-line>
<country>Colombia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2020</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2020</year>
</pub-date>
<volume>39</volume>
<numero>70</numero>
<fpage>107</fpage>
<lpage>138</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0120-30532020000200107&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0120-30532020000200107&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0120-30532020000200107&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: En esta investigación se evalúan los efectos del desbordamiento y la volatilidad generados por los precios del petróleo, el gas y el carbón sobre la actividad industrial de las economías de Chile, Brasil, Colombia y México, usando la metodología propuesta por Diebold y Yilmaz (2012), que se caracteriza por el uso de vectores autorregresivos generalizados, donde la descomposición de la varianza no varía según el orden de las variables, midiendo así los efectos de contagio de la volatilidad total y directional. Los resultados muestran que estas industrias reciben el derrame financiero de los mercados de materias primas, ocasionado por las fluctuaciones de los precios del petróleo y carbón y, además, se comportan como transmisoras del derrame que producen las oscilaciones de los precios del gas. Por otro lado, se halló que meses previos a la crisis económica del 2008, las cuatro industrias y dichos productos aumentaron el efecto derrame y la volatilidad.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract In this research, the effects of spillover and volatility generated by oil, gas and coal prices on the industrial activity of the Chile, Brazil, Colombia and Mexico economies are evaluated using the methodology proposed by Debold and Yilmaz (2012), characterized by the use of generalized autoregressive vectors, where the variance decomposition does not vary according to the order of the variables, thus measuring the contagion effects of total and directional volatility. The results show that these industries receive the financial spillover from the raw materials markets, caused by fluctuations in the prices of oil and coal and, in addition, behave as transmitters of the spillover caused by the fluctuations in gas prices. On the other hand, it was found that, months before the 2008 economic crisis, the four industries and these products increased their spillover effect and volatility.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[efecto derrame]]></kwd>
<kwd lng="es"><![CDATA[precios del petróleo]]></kwd>
<kwd lng="es"><![CDATA[precios del carbón]]></kwd>
<kwd lng="es"><![CDATA[precios del gas]]></kwd>
<kwd lng="es"><![CDATA[crecimiento económico]]></kwd>
<kwd lng="en"><![CDATA[spillover effect]]></kwd>
<kwd lng="en"><![CDATA[oil prices]]></kwd>
<kwd lng="en"><![CDATA[coal prices]]></kwd>
<kwd lng="en"><![CDATA[gas prices]]></kwd>
<kwd lng="en"><![CDATA[economic growth]]></kwd>
</kwd-group>
</article-meta>
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