The importance of terms of trade in the Colombian economy

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cepal.articleNo6es
cepal.bibLevelSección o Parte de un Documentoes
cepal.callNumberLC/PUB.2019/11-Pes
cepal.docTypeRevistases
cepal.jelCodeF14es
cepal.jelCodeF41es
cepal.jelCodeO54es
cepal.jobNumberRVI128_Oviedoes
cepal.physicalDescriptiongráficos., tablas.es
cepal.regionalOfficeSantiagoes
cepal.sdg10es
cepal.sdg17es
cepal.topicEngECONOMETRICSes
cepal.topicEngECONOMIC GROWTHes
cepal.topicEngINTERNATIONAL TRADEes
cepal.topicEngMACROECONOMICSes
cepal.topicEngPRICESes
cepal.topicEngTERMS OF TRADEes
cepal.topicSpaCOMERCIO INTERNACIONALes
cepal.topicSpaCRECIMIENTO ECONÓMICOes
cepal.topicSpaECONOMETRÍAes
cepal.topicSpaMACROECONOMÍAes
cepal.topicSpaPRECIOSes
cepal.topicSpaTÉRMINOS DE INTERCAMBIOes
cepal.workareaEngECONOMIC DEVELOPMENTes
cepal.workareaEngINTERNATIONAL TRADE AND INTEGRATIONes
cepal.workareaSpaCOMERCIO INTERNACIONAL E INTEGRACIÓNes
cepal.workareaSpaDESARROLLO ECONÓMICOes
dc.contributor.authorOviedo Gómez, Andrés Felipe
dc.contributor.authorSierra, Lya Paola
dc.coverage.spatialEngCOLOMBIAes
dc.coverage.spatialSpaCOLOMBIAes
dc.coverage.temporalEnd2016es
dc.coverage.temporalStart2001es
dc.date.accessioned2019-12-04T14:47:03Zes
dc.date.available2019-12-04T14:47:03Zes
dc.date.issued2019-08-26es
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.es
dc.formatTextoes
dc.format.extentpáginas. 113-14es
dc.format.mimetypeapplication/pdfes
dc.identifier.unSymbolLC/PUB.2019/11-Pes
dc.identifier.urihttps://hdl.handle.net/11362/44982es
dc.language.isoenges
dc.physicalDescriptionp. 113-141: gráfs., tabls.es
dc.relation.isPartOfCEPAL Reviewes
dc.relation.isPartOfNo128es
dc.relation.isPartOfSeriesCEPAL Reviewes
dc.relation.translationLanguagespaes
dc.relation.translationRecordImportancia de los términos de intercambio en la economía colombianaes
dc.relation.translationUrihttps://hdl.handle.net/11362/44740es
dc.rights.coarDisponiblees
dc.subject.unbisEngTERMS OF TRADEes
dc.subject.unbisEngINTERNATIONAL TRADEes
dc.subject.unbisEngECONOMIC CONDITIONSes
dc.subject.unbisEngECONOMIC DEVELOPMENTes
dc.subject.unbisEngECONOMETRIC MODELSes
dc.subject.unbisSpaRELACION DE INTERCAMBIOes
dc.subject.unbisSpaCOMERCIO INTERNACIONALes
dc.subject.unbisSpaCONDICIONES ECONOMICASes
dc.subject.unbisSpaDESARROLLO ECONOMICOes
dc.subject.unbisSpaMODELOS ECONOMETRICOSes
dc.titleThe importance of terms of trade in the Colombian economyes
dc.type.coarrevistaes
dspace.entity.typePublicationes
relation.isAuthorOfPublication898cf669-9475-4c4a-b558-167e17330662
relation.isAuthorOfPublicationbb25bf88-a9fd-4f81-9ca6-c7d658db9ac5
relation.isAuthorOfPublication.latestForDiscovery898cf669-9475-4c4a-b558-167e17330662
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