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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Autores principales: Sierra, Lya Paola, Manrique L., Karina
Formato: Texto
Lenguaje:English
Publicado: 2015
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Acceso en línea:http://hdl.handle.net/11362/37812
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spelling 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
institution Cepal
collection Cepal
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
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AT sierralyapaola firstapproachtotheimpactoftherealexchangerateonindustrialsectorsincolombia
AT manriquelkarina firstapproachtotheimpactoftherealexchangerateonindustrialsectorsincolombia
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