The business cycle and copper mining in Chile
This article “endogenizes” the copper supply, incorporating demand for mining-sector inputs represented by other goods in the economy (specifically, intermediate goods) and also energy into a dynamic stochastic general equilibrium (DSGE) model for a sample of the 2003-2013 period. The model estimati...
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2016
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oai-11362-404292020-03-06T16:50:27Z The business cycle and copper mining in Chile Fuentes H., Fernando García, Carlos J. CICLOS ECONOMICOS DESARROLLO ECONOMICO INDUSTRIA DEL COBRE MINERIA MODELOS ECONOMETRICOS BUSINESS CYCLES ECONOMIC DEVELOPMENT COPPER INDUSTRY MINING ECONOMETRIC MODELS This article “endogenizes” the copper supply, incorporating demand for mining-sector inputs represented by other goods in the economy (specifically, intermediate goods) and also energy into a dynamic stochastic general equilibrium (DSGE) model for a sample of the 2003-2013 period. The model estimation reveals that a rise of 1% in the copper price leads to a 0.16% increase in gross domestic product (GDP) over five years. The main contribution of the study is to show that, if the mining sector is treated as integrated into the rest of the economy rather than being assumed to be an enclave, as it usually is, the effects of the copper price on the Chilean economy at least double. 2016-08-09T15:31:04Z 2016-08-09T15:31:04Z 2016-04 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/40429 LC/G.2676-P 10 en CEPAL Review CEPAL Review 118 .pdf application/pdf 2003 CHILE CHILE 2013 |
| institution |
Cepal |
| collection |
Cepal |
| language |
English |
| topic |
CICLOS ECONOMICOS DESARROLLO ECONOMICO INDUSTRIA DEL COBRE MINERIA MODELOS ECONOMETRICOS BUSINESS CYCLES ECONOMIC DEVELOPMENT COPPER INDUSTRY MINING ECONOMETRIC MODELS |
| spellingShingle |
CICLOS ECONOMICOS DESARROLLO ECONOMICO INDUSTRIA DEL COBRE MINERIA MODELOS ECONOMETRICOS BUSINESS CYCLES ECONOMIC DEVELOPMENT COPPER INDUSTRY MINING ECONOMETRIC MODELS Fuentes H., Fernando García, Carlos J. The business cycle and copper mining in Chile |
| description |
This article “endogenizes” the copper supply, incorporating demand for mining-sector inputs represented by other goods in the economy (specifically, intermediate goods) and also energy into a dynamic stochastic general equilibrium (DSGE) model for a sample of the 2003-2013 period. The model estimation reveals that a rise of 1% in the copper price leads to a 0.16% increase in gross domestic product (GDP) over five years. The main contribution of the study is to show that, if the mining sector is treated as integrated into the rest of the economy rather than being assumed to be an enclave, as it usually is, the effects of the copper price on the Chilean economy at least double. |
| format |
Texto |
| author |
Fuentes H., Fernando García, Carlos J. |
| author_facet |
Fuentes H., Fernando García, Carlos J. |
| author_sort |
Fuentes H., Fernando |
| title |
The business cycle and copper mining in Chile |
| title_short |
The business cycle and copper mining in Chile |
| title_full |
The business cycle and copper mining in Chile |
| title_fullStr |
The business cycle and copper mining in Chile |
| title_full_unstemmed |
The business cycle and copper mining in Chile |
| title_sort |
business cycle and copper mining in chile |
| publishDate |
2016 |
| url |
http://hdl.handle.net/11362/40429 |
| work_keys_str_mv |
AT fuenteshfernando thebusinesscycleandcoppermininginchile AT garciacarlosj thebusinesscycleandcoppermininginchile AT fuenteshfernando businesscycleandcoppermininginchile AT garciacarlosj businesscycleandcoppermininginchile |
| _version_ |
1718435271813365760 |