Long-run effects of commodity prices on the real exchange rate: evidence from Argentina

The last commodity boom seems to have been a blessing for many commodity-export countries like Argentina, but it may have also had important effects on the exchange rate and economic structure. We develop a cointegration system approach to study a transmission mechanism of commodity prices on the ex...

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Detalles Bibliográficos
Autores principales: Ahumada, Hildegart, Cornejo, Magdalena
Formato: Articulo
Lenguaje:Inglés
Publicado: 2015
Materias:
Ciencias Económicas
JEL: F14, F41
tipo de cambio
materia prima
precios
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/50706
Aporte de:
SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-50706
record_format dspace
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Inglés
topic Ciencias Económicas
JEL: F14, F41
tipo de cambio
materia prima
precios
spellingShingle Ciencias Económicas
JEL: F14, F41
tipo de cambio
materia prima
precios
Ahumada, Hildegart
Cornejo, Magdalena
Long-run effects of commodity prices on the real exchange rate: evidence from Argentina
topic_facet Ciencias Económicas
JEL: F14, F41
tipo de cambio
materia prima
precios
description The last commodity boom seems to have been a blessing for many commodity-export countries like Argentina, but it may have also had important effects on the exchange rate and economic structure. We develop a cointegration system approach to study a transmission mechanism of commodity prices on the exchange rate. We focus on their relationships with agricultural exports and also with oil imports. The system approach allows us to obtain consistent estimates of long-run effects taking into account possible interactions and testing exogeneity. We found that a rise in commodity prices appreciates the exchange rate when controlling by domestic determinants.
format Articulo
Articulo
author Ahumada, Hildegart
Cornejo, Magdalena
author_facet Ahumada, Hildegart
Cornejo, Magdalena
author_sort Ahumada, Hildegart
title Long-run effects of commodity prices on the real exchange rate: evidence from Argentina
title_short Long-run effects of commodity prices on the real exchange rate: evidence from Argentina
title_full Long-run effects of commodity prices on the real exchange rate: evidence from Argentina
title_fullStr Long-run effects of commodity prices on the real exchange rate: evidence from Argentina
title_full_unstemmed Long-run effects of commodity prices on the real exchange rate: evidence from Argentina
title_sort long-run effects of commodity prices on the real exchange rate: evidence from argentina
publishDate 2015
url http://sedici.unlp.edu.ar/handle/10915/50706
work_keys_str_mv AT ahumadahildegart longruneffectsofcommoditypricesontherealexchangerateevidencefromargentina
AT cornejomagdalena longruneffectsofcommoditypricesontherealexchangerateevidencefromargentina
bdutipo_str Repositorios
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