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
- Institución
- Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales
- OAI Identificador
- oai:nulan.mdp.edu.ar:4312
Ver los metadatos del registro completo
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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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1844618840891195392 |
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13.070432 |