Economic activity and the terms of trade. Argentina, a case study

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We address the influence of terms of trade (TOT) on GDP in Argentina using an 1810-2014 annual database. Eighteen multivariate VAR econometric models are estimated under diverse hypotheses for the relationship among economic activity, TOT, and a few control variables. We find for this particular cas...

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Detalles Bibliográficos
Autores principales: Buzzi, Sergio Martín, Catalano, María Victoria, Arrufat, José Luis, Díaz Cafferata, Alberto M.
Formato: conferenceObject
Lenguaje:Inglés
Publicado: 2021
Materias:
Land abundance
Terms of trade
Volatility
Economic growth
Argentina
Case study
Policy strategy
Acceso en línea:http://hdl.handle.net/11086/21139
Aporte de:
Repositorio Digital Universitario (UNC) de Universidad Nacional de Córdoba
Descripción
Sumario:We address the influence of terms of trade (TOT) on GDP in Argentina using an 1810-2014 annual database. Eighteen multivariate VAR econometric models are estimated under diverse hypotheses for the relationship among economic activity, TOT, and a few control variables. We find for this particular case weak empirical evidence of a positive relationship between TOT and GDP levels; some evidence of a negative TOT volatility-GDP level relationship; and some evidence on the existence of a positive link between TOT growth volatility and GDP growth volatility. In general the relationships have the expected signs but are not statistically significant.

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