Fiche du document
1 août 2020
- handle: 10670/1.andmsg
Ce document est lié à :
10.25100/cdea.v36i67.8641
info:eu-repo/semantics/openAccess
Sujets proches
Commercial products--Prices Commodity prices Price theory Justum pretium Energy resources Power supply Energy Energy Engineering, Mining Mines and mining Mining Deposits, Mineral Mineral deposits Mines and mining Mineral resources Mining Mining industry and finance Metal industries Extractive industries Extractive industry Mines and mining Mining industry Mining Conservation of energy Correlation of forces Energy Pattern ModelCiter ce document
Andrés Oviedo-Gómez et al., « Mining and Energy Commodity Price Effects on Colombian Economy », Cuadernos de Administración (Universidad del Valle), ID : 10670/1.andmsg
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Résumé
The Colombian economy has a strong dependence on the export of commodities. Different studies show that the prices of these products are exogenous, which have originated direct effects on the national economic activity. Therefore, this paper studies the shock effects produced by mining and energy commodity price variations like oil, coal and nickel on Colombian economy. We used 129 variables for 2001-2016 period and estimated a FAVAR model (Factor Augmented VAR) to observe commodity price effects on different economic aggregates, the results show that price fluctuations have significant effects on variables such as economic activity, investment, the trade balance, the real exchange rate and external debt.