<?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>2248-6046</journal-id>
<journal-title><![CDATA[Revista Finanzas y Política Económica]]></journal-title>
<abbrev-journal-title><![CDATA[Finanz. polit. econ.]]></abbrev-journal-title>
<issn>2248-6046</issn>
<publisher>
<publisher-name><![CDATA[Universidad Católica de Colombia]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2248-60462017000200249</article-id>
<article-id pub-id-type="doi">10.14718/revfinanzpolitecon.2017.9.2.3</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Impacto del precio del petróleo sobre el PIB de los países de la Alianza del Pacífico]]></article-title>
<article-title xml:lang="en"><![CDATA[Oil prices impact on the GDP of the Pacific Alliance Countries]]></article-title>
<article-title xml:lang="pt"><![CDATA[Impacto do preço do petróleo sobre o PIB dos países-da Aliança do Pacífico]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Alonso]]></surname>
<given-names><![CDATA[Julio César]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Martínez-Quintero]]></surname>
<given-names><![CDATA[Diego Alexánder]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad ICESI Departamento de Economía Facultad de Ciencias Administrativas y Económicas]]></institution>
<addr-line><![CDATA[Cali ]]></addr-line>
<country>Colombia</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad ICESI Departamento de Economía Facultad de Ciencias Administrativas y Económicas]]></institution>
<addr-line><![CDATA[Cali ]]></addr-line>
<country>Colombia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2017</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2017</year>
</pub-date>
<volume>9</volume>
<numero>2</numero>
<fpage>249</fpage>
<lpage>264</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S2248-60462017000200249&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S2248-60462017000200249&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S2248-60462017000200249&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[RESUMEN Este artículo busca determinar el efecto del precio del petróleo sobre el producto interno bruto (PIB) en cada uno de los países que integran la Alianza del Pacífico (AP). Se emplea un modelo VAR estructural y datos trimestrales que permiten concluir que existe una relación de largo plazo entre el precio internacional del petróleo y el PIB en cada uno de los países miembro de la AP. Se encuentra que un aumento inesperado en los precios del petróleo no afecta el nivel de actividad económica en Perú. Para Chile, un importador neto de petróleo, el efecto de choque similar genera un aumento en el PIB, contrario a lo que se esperaría teóricamente. Para México y Colombia, exportadores netos de petróleo, el efecto de un choque positivo inesperado en el precio de petróleo es positivo sobre el PIB: en Colombia, el efecto positivo se observa para los primeros seis trimestres, mientras que para México solo está presente en el segundo y tercer trimestre. La heterogeneidad en la respuesta de estos países a choques en el precio del petróleo muestra los grandes retos que implicará la coordinación de la política económica entre los países miembro de la AP.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[ABSTRACT This article seeks to determine the effect of oil prices on gross domestic product (GDP) in the member countries of the Pacific Alliance (PA). A structural VAR model and quarterly data are used, which allow concluding that there is a long-term relationship between the international price of oil and GDP in each of the PA member countries. It was found that an unexpected increase in oil prices does not affect the level of economic activity in Peru. For Chile, which is a net importer of oil, a similar shock effect increases GDP, contrary to what is expected in theory. For Mexico and Colombia, net exporters of oil, an unexpected positive oil price shock positively affects GDP; in Colombia, the positive effect is observed in the first six quarters, while for Mexico it is only present in the second and third quarters. These countries&#8217; heterogeneous responses to oil price shocks are evidence of the many challenges that economic policy coordination among PA member countries has to face.]]></p></abstract>
<abstract abstract-type="short" xml:lang="pt"><p><![CDATA[RESUMO Este artigo busca determinar o efeito do preço do petróleo sobre o produto interno bruto (PIB) em cada um dos países que integram a Aliança do Pacífico (AP). Emprega-se um modelo VAR estrutural e dados trimestrais que permitem concluir que existe uma relação de longo prazo entre o preço internacional do petróleo e o PIB em cada um dos países membros da AP. Constata-se que um aumento inesperado no preço do petróleo não afeta o nível de atividade econômica no Peru. Para o Chile, um importador líquido de petróleo, o efeito de choque similar gera um aumento no PIB, contrário ao que seria esperado teoricamente. Para o México e a Colômbia, exportadores líquidos de petróleo, o efeito de um choque positivo inesperado no preço do petróleo é positivo sobre o PIB: na Colômbia, o efeito positivo é observado para os primeiros seis trimestres, enquanto para o México só está presente no segundo e terceiro trimestre. A heterogeneidade na resposta destes países a choques no preço do petróleo mostra os grandes desafios que implicará a coordenação da política econômica entre os países membros da AP.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Alianza del Pacífico]]></kwd>
<kwd lng="es"><![CDATA[precio del petróleo]]></kwd>
<kwd lng="es"><![CDATA[PIB]]></kwd>
<kwd lng="es"><![CDATA[series de tiempo]]></kwd>
<kwd lng="es"><![CDATA[VAR]]></kwd>
<kwd lng="en"><![CDATA[Pacific Alliance]]></kwd>
<kwd lng="en"><![CDATA[oil price]]></kwd>
<kwd lng="en"><![CDATA[GDP]]></kwd>
<kwd lng="en"><![CDATA[time series]]></kwd>
<kwd lng="en"><![CDATA[VAR]]></kwd>
<kwd lng="pt"><![CDATA[Aliança do Pacífico]]></kwd>
<kwd lng="pt"><![CDATA[PIB]]></kwd>
<kwd lng="pt"><![CDATA[preço do petróleo]]></kwd>
<kwd lng="pt"><![CDATA[séries de tempo]]></kwd>
<kwd lng="pt"><![CDATA[VAR]]></kwd>
</kwd-group>
</article-meta>
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