The importance of terms of trade in the Colombian economy

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cepal.articleNo6
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/PUB.2019/11-P
cepal.docTypeRevistas
cepal.jelCodeF14
cepal.jelCodeF41
cepal.jelCodeO54
cepal.jobNumberRVI128_Oviedo
cepal.physicalDescriptiongráficos., tablas.
cepal.regionalOfficeSantiago
cepal.sdg10
cepal.sdg17
cepal.topicEngECONOMETRICS
cepal.topicEngECONOMIC GROWTH
cepal.topicEngINTERNATIONAL TRADE
cepal.topicEngMACROECONOMICS
cepal.topicEngPRICES
cepal.topicEngTERMS OF TRADE
cepal.topicSpaCOMERCIO INTERNACIONAL
cepal.topicSpaCRECIMIENTO ECONÓMICO
cepal.topicSpaECONOMETRÍA
cepal.topicSpaMACROECONOMÍA
cepal.topicSpaPRECIOS
cepal.topicSpaTÉRMINOS DE INTERCAMBIO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngINTERNATIONAL TRADE AND INTEGRATION
cepal.workareaSpaCOMERCIO INTERNACIONAL E INTEGRACIÓN
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorOviedo Gómez, Andrés Felipe
dc.contributor.authorSierra, Lya Paola
dc.coverage.spatialEngCOLOMBIA
dc.coverage.spatialSpaCOLOMBIA
dc.coverage.temporalEnd2016
dc.coverage.temporalStart2001
dc.date.accessioned2019-12-04T14:47:03Z
dc.date.available2019-12-04T14:47:03Z
dc.date.issued2019-08-26
dc.description.abstractCommodities represent the lion’s share of Colombia’s exports, and the terms of trade are directly determined by the prices of these commodities, making a detailed analysis of this variable’s impacts on the country’s economy essential. This paper examines the effects of terms-of-trade shocks on output, investment, consumption, the trade balance, the real exchange rate and inflation in Colombia. An extensive database comprising 129 variables of economic activity in 2001–2016 was used, along with a FAVAR model. The results suggest that terms-of-trade shocks have significant impacts on the Colombian economy, as they explain roughly 5% of the variation in the country’s economic activity, 8% in investment, 6% in the trade balance and 1% in the real exchange rate.
dc.formatTexto
dc.format.extentpáginas. 113-14
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/PUB.2019/11-P
dc.identifier.urihttps://hdl.handle.net/11362/44982
dc.language.isoeng
dc.physicalDescriptionp. 113-141: gráfs., tabls.
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo128
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.translationLanguagespa
dc.relation.translationRecordImportancia de los términos de intercambio en la economía colombiana
dc.relation.translationUrihttps://hdl.handle.net/11362/44740
dc.rights.coarDisponible
dc.subject.unbisEngTERMS OF TRADE
dc.subject.unbisEngINTERNATIONAL TRADE
dc.subject.unbisEngECONOMIC CONDITIONS
dc.subject.unbisEngECONOMIC DEVELOPMENT
dc.subject.unbisEngECONOMETRIC MODELS
dc.subject.unbisSpaRELACION DE INTERCAMBIO
dc.subject.unbisSpaCOMERCIO INTERNACIONAL
dc.subject.unbisSpaCONDICIONES ECONOMICAS
dc.subject.unbisSpaDESARROLLO ECONOMICO
dc.subject.unbisSpaMODELOS ECONOMETRICOS
dc.titleThe importance of terms of trade in the Colombian economy
dc.type.coarartículo
dspace.entity.typePublication
relation.isAuthorOfPublication898cf669-9475-4c4a-b558-167e17330662
relation.isAuthorOfPublicationbb25bf88-a9fd-4f81-9ca6-c7d658db9ac5
relation.isAuthorOfPublication.latestForDiscovery898cf669-9475-4c4a-b558-167e17330662
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