A first approach to the impact of the real exchange rate on industrial sectors in Colombia
Much has been said about possible symptoms of Dutch disease in Colombia in the wake of a marked upsurge in commodity prices and the significant real appreciation of the national currency. This paper examines whether the real effective exchange rate had an impact on industry during the period 2000-20...
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oai-11362-378122020-03-06T16:50:27Z A first approach to the impact of the real exchange rate on industrial sectors in Colombia Sierra, Lya Paola Manrique L., Karina INESTABILIDAD MONETARIA INDUSTRIA DESARROLLO INDUSTRIAL COMPETITIVIDAD MODELOS ECONOMETRICOS DATOS ESTADISTICOS CONDICIONES ECONOMICAS SISTEMAS MONETARIOS RECURSOS FINANCIEROS CURRENCY INSTABILITY INDUSTRY INDUSTRIAL DEVELOPMENT COMPETITIVENESS ECONOMETRIC MODELS STATISTICAL DATA MONETARY SYSTEMS ECONOMIC CONDITIONS FINANCIAL RESOURCES Much has been said about possible symptoms of Dutch disease in Colombia in the wake of a marked upsurge in commodity prices and the significant real appreciation of the national currency. This paper examines whether the real effective exchange rate had an impact on industry during the period 2000-2010. Specifically, it evaluates the effect of the appreciation of the real exchange rate on the value added of 63 industrial sectors in Colombia using the Arellano and Bond (1991) generalized method of moments (gmm) estimator. Overall, our results confirm a negative relationship between real exchange rate appreciation and industry. The analysis showed that real exchange rate appreciation had a significant impact on the value added of 21 sectors: a negative effect for 18 sectors and a positive effect for 3 sectors. 2015-03-26T19:06:48Z 2015-03-26T19:06:48Z 2014-12 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/37812 LC/G.2629-P 7 en CEPAL Review CEPAL Review 114 .pdf application/pdf COLOMBIA COLOMBIA |
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language |
English |
topic |
INESTABILIDAD MONETARIA INDUSTRIA DESARROLLO INDUSTRIAL COMPETITIVIDAD MODELOS ECONOMETRICOS DATOS ESTADISTICOS CONDICIONES ECONOMICAS SISTEMAS MONETARIOS RECURSOS FINANCIEROS CURRENCY INSTABILITY INDUSTRY INDUSTRIAL DEVELOPMENT COMPETITIVENESS ECONOMETRIC MODELS STATISTICAL DATA MONETARY SYSTEMS ECONOMIC CONDITIONS FINANCIAL RESOURCES |
spellingShingle |
INESTABILIDAD MONETARIA INDUSTRIA DESARROLLO INDUSTRIAL COMPETITIVIDAD MODELOS ECONOMETRICOS DATOS ESTADISTICOS CONDICIONES ECONOMICAS SISTEMAS MONETARIOS RECURSOS FINANCIEROS CURRENCY INSTABILITY INDUSTRY INDUSTRIAL DEVELOPMENT COMPETITIVENESS ECONOMETRIC MODELS STATISTICAL DATA MONETARY SYSTEMS ECONOMIC CONDITIONS FINANCIAL RESOURCES Sierra, Lya Paola Manrique L., Karina A first approach to the impact of the real exchange rate on industrial sectors in Colombia |
description |
Much has been said about possible symptoms of Dutch disease in Colombia in the wake of a marked upsurge in commodity prices and the significant real appreciation of the national currency. This paper examines whether the real effective exchange rate had an impact on industry during the period 2000-2010. Specifically, it evaluates the effect of the appreciation of the real exchange rate on the value added of 63 industrial sectors in Colombia using the Arellano and Bond (1991) generalized method of moments (gmm) estimator. Overall, our results confirm a negative relationship between real exchange rate appreciation and industry. The analysis showed that real exchange rate appreciation had a significant impact on the value added of 21 sectors: a negative effect for 18 sectors and a positive effect for 3 sectors. |
format |
Texto |
author |
Sierra, Lya Paola Manrique L., Karina |
author_facet |
Sierra, Lya Paola Manrique L., Karina |
author_sort |
Sierra, Lya Paola |
title |
A first approach to the impact of the real exchange rate on industrial sectors in Colombia |
title_short |
A first approach to the impact of the real exchange rate on industrial sectors in Colombia |
title_full |
A first approach to the impact of the real exchange rate on industrial sectors in Colombia |
title_fullStr |
A first approach to the impact of the real exchange rate on industrial sectors in Colombia |
title_full_unstemmed |
A first approach to the impact of the real exchange rate on industrial sectors in Colombia |
title_sort |
first approach to the impact of the real exchange rate on industrial sectors in colombia |
publishDate |
2015 |
url |
http://hdl.handle.net/11362/37812 |
work_keys_str_mv |
AT sierralyapaola afirstapproachtotheimpactoftherealexchangerateonindustrialsectorsincolombia AT manriquelkarina afirstapproachtotheimpactoftherealexchangerateonindustrialsectorsincolombia AT sierralyapaola firstapproachtotheimpactoftherealexchangerateonindustrialsectorsincolombia AT manriquelkarina firstapproachtotheimpactoftherealexchangerateonindustrialsectorsincolombia |
_version_ |
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