Export manufacture competitiveness and commodity dependence: an empirical analysis of the dutch disease on Argentina and chile during the commodity price boom

Autores
Graña Colella, Santiago; Silva Neira, Ignacio
Año de publicación
2024
Idioma
inglés
Tipo de recurso
documento de trabajo
Estado
versión publicada
Descripción
Extensive economic literature has covered the effect of a natural resource boom on the performance of the manufacturing sector. Specifically, the dutch disease hypothesis establishes that increases in commodity prices should lead to a decrease in manufacturing exports, due to significant inflows of foreign currency that subsequently appreciate the real exchange rate. In 2003, a substantial increase in commodity prices, coupled with a pronounced appreciation of the real exchange rate, triggered a process of export primarization in latin american countries. The paper aims to empirically assess whether the dutch disease framework can provide a suitable explanation for this phenomenon in argentina and chile. Despite both countries heavily depending on natural resources, they exhibit notable differences in economic scale, composition, and evolution of manufacturing exports, as well as their economic policy approaches throughout the designated period. This task is performed through the estimation of one var model for each country (2003-2019). The main results indicate that while there is insufficient evidence to assert that argentina suffered from the dutch disease, the evidence for chile remains inconclusive. These divergent results could potentially find clarification in an examination of disparities in export composition and integrated technology and thereby suggest a broader analysis regarding the policy implications.
Fil: Graña Colella, Santiago. Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales. Universidad Nacional de San Martín, San Martín; Argentina.
Fil: Silva Neira, L. I. Institute for International Political Economy (IPE), Berlin School of Economics and Law. Universidad del País Vasco (UPV/EHU); Spain.
Materia
Enfermedad Holandesa
Exportaciones
Competitividad
Análisis Econométrico
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by-nc-nd/4.0/deed.es
Repositorio
Nülan (UNMDP-FCEyS)
Institución
Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales
OAI Identificador
oai:nulan.mdp.edu.ar:4312

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network_name_str Nülan (UNMDP-FCEyS)
spelling Export manufacture competitiveness and commodity dependence: an empirical analysis of the dutch disease on Argentina and chile during the commodity price boomGraña Colella, SantiagoSilva Neira, IgnacioEnfermedad HolandesaExportacionesCompetitividadAnálisis EconométricoExtensive economic literature has covered the effect of a natural resource boom on the performance of the manufacturing sector. Specifically, the dutch disease hypothesis establishes that increases in commodity prices should lead to a decrease in manufacturing exports, due to significant inflows of foreign currency that subsequently appreciate the real exchange rate. In 2003, a substantial increase in commodity prices, coupled with a pronounced appreciation of the real exchange rate, triggered a process of export primarization in latin american countries. The paper aims to empirically assess whether the dutch disease framework can provide a suitable explanation for this phenomenon in argentina and chile. Despite both countries heavily depending on natural resources, they exhibit notable differences in economic scale, composition, and evolution of manufacturing exports, as well as their economic policy approaches throughout the designated period. This task is performed through the estimation of one var model for each country (2003-2019). The main results indicate that while there is insufficient evidence to assert that argentina suffered from the dutch disease, the evidence for chile remains inconclusive. These divergent results could potentially find clarification in an examination of disparities in export composition and integrated technology and thereby suggest a broader analysis regarding the policy implications.Fil: Graña Colella, Santiago. Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales. Universidad Nacional de San Martín, San Martín; Argentina.Fil: Silva Neira, L. I. Institute for International Political Economy (IPE), Berlin School of Economics and Law. Universidad del País Vasco (UPV/EHU); Spain.Hochschule für Wirtschaft und Recht Berlin2024-05info:eu-repo/semantics/workingPaperinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_8042info:ar-repo/semantics/documentoDeTrabajoapplication/pdfhttps://nulan.mdp.edu.ar/id/eprint/4312/https://nulan.mdp.edu.ar/id/eprint/4312/1/grana-silva-2024.pdfengArgentinaChileinfo:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-nd/4.0/deed.esreponame:Nülan (UNMDP-FCEyS)instname:Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales2025-09-29T13:41:49Zoai:nulan.mdp.edu.ar:4312instacron:UNMDP-FCEySInstitucionalhttp://nulan.mdp.edu.ar/Universidad públicaNo correspondehttp://nulan.mdp.edu.ar/cgi/oai2cendocu@mdp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:18452025-09-29 13:41:49.347Nülan (UNMDP-FCEyS) - Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Socialesfalse
dc.title.none.fl_str_mv Export manufacture competitiveness and commodity dependence: an empirical analysis of the dutch disease on Argentina and chile during the commodity price boom
title Export manufacture competitiveness and commodity dependence: an empirical analysis of the dutch disease on Argentina and chile during the commodity price boom
spellingShingle Export manufacture competitiveness and commodity dependence: an empirical analysis of the dutch disease on Argentina and chile during the commodity price boom
Graña Colella, Santiago
Enfermedad Holandesa
Exportaciones
Competitividad
Análisis Econométrico
title_short Export manufacture competitiveness and commodity dependence: an empirical analysis of the dutch disease on Argentina and chile during the commodity price boom
title_full Export manufacture competitiveness and commodity dependence: an empirical analysis of the dutch disease on Argentina and chile during the commodity price boom
title_fullStr Export manufacture competitiveness and commodity dependence: an empirical analysis of the dutch disease on Argentina and chile during the commodity price boom
title_full_unstemmed Export manufacture competitiveness and commodity dependence: an empirical analysis of the dutch disease on Argentina and chile during the commodity price boom
title_sort Export manufacture competitiveness and commodity dependence: an empirical analysis of the dutch disease on Argentina and chile during the commodity price boom
dc.creator.none.fl_str_mv Graña Colella, Santiago
Silva Neira, Ignacio
author Graña Colella, Santiago
author_facet Graña Colella, Santiago
Silva Neira, Ignacio
author_role author
author2 Silva Neira, Ignacio
author2_role author
dc.subject.none.fl_str_mv Enfermedad Holandesa
Exportaciones
Competitividad
Análisis Econométrico
topic Enfermedad Holandesa
Exportaciones
Competitividad
Análisis Econométrico
dc.description.none.fl_txt_mv Extensive economic literature has covered the effect of a natural resource boom on the performance of the manufacturing sector. Specifically, the dutch disease hypothesis establishes that increases in commodity prices should lead to a decrease in manufacturing exports, due to significant inflows of foreign currency that subsequently appreciate the real exchange rate. In 2003, a substantial increase in commodity prices, coupled with a pronounced appreciation of the real exchange rate, triggered a process of export primarization in latin american countries. The paper aims to empirically assess whether the dutch disease framework can provide a suitable explanation for this phenomenon in argentina and chile. Despite both countries heavily depending on natural resources, they exhibit notable differences in economic scale, composition, and evolution of manufacturing exports, as well as their economic policy approaches throughout the designated period. This task is performed through the estimation of one var model for each country (2003-2019). The main results indicate that while there is insufficient evidence to assert that argentina suffered from the dutch disease, the evidence for chile remains inconclusive. These divergent results could potentially find clarification in an examination of disparities in export composition and integrated technology and thereby suggest a broader analysis regarding the policy implications.
Fil: Graña Colella, Santiago. Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales. Universidad Nacional de San Martín, San Martín; Argentina.
Fil: Silva Neira, L. I. Institute for International Political Economy (IPE), Berlin School of Economics and Law. Universidad del País Vasco (UPV/EHU); Spain.
description Extensive economic literature has covered the effect of a natural resource boom on the performance of the manufacturing sector. Specifically, the dutch disease hypothesis establishes that increases in commodity prices should lead to a decrease in manufacturing exports, due to significant inflows of foreign currency that subsequently appreciate the real exchange rate. In 2003, a substantial increase in commodity prices, coupled with a pronounced appreciation of the real exchange rate, triggered a process of export primarization in latin american countries. The paper aims to empirically assess whether the dutch disease framework can provide a suitable explanation for this phenomenon in argentina and chile. Despite both countries heavily depending on natural resources, they exhibit notable differences in economic scale, composition, and evolution of manufacturing exports, as well as their economic policy approaches throughout the designated period. This task is performed through the estimation of one var model for each country (2003-2019). The main results indicate that while there is insufficient evidence to assert that argentina suffered from the dutch disease, the evidence for chile remains inconclusive. These divergent results could potentially find clarification in an examination of disparities in export composition and integrated technology and thereby suggest a broader analysis regarding the policy implications.
publishDate 2024
dc.date.none.fl_str_mv 2024-05
dc.type.none.fl_str_mv info:eu-repo/semantics/workingPaper
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_8042
info:ar-repo/semantics/documentoDeTrabajo
format workingPaper
status_str publishedVersion
dc.identifier.none.fl_str_mv https://nulan.mdp.edu.ar/id/eprint/4312/
https://nulan.mdp.edu.ar/id/eprint/4312/1/grana-silva-2024.pdf
url https://nulan.mdp.edu.ar/id/eprint/4312/
https://nulan.mdp.edu.ar/id/eprint/4312/1/grana-silva-2024.pdf
dc.language.none.fl_str_mv eng
language eng
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by-nc-nd/4.0/deed.es
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc-nd/4.0/deed.es
dc.format.none.fl_str_mv application/pdf
dc.coverage.none.fl_str_mv Argentina
Chile
dc.publisher.none.fl_str_mv Hochschule für Wirtschaft und Recht Berlin
publisher.none.fl_str_mv Hochschule für Wirtschaft und Recht Berlin
dc.source.none.fl_str_mv reponame:Nülan (UNMDP-FCEyS)
instname:Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales
reponame_str Nülan (UNMDP-FCEyS)
collection Nülan (UNMDP-FCEyS)
instname_str Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales
repository.name.fl_str_mv Nülan (UNMDP-FCEyS) - Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales
repository.mail.fl_str_mv cendocu@mdp.edu.ar
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score 13.070432