Export manufacture competitiveness and commodity dependence: an empirical analysis of the dutch disease on Argentina and chile during the commodity price boom

Extensive economic literature has covered the effect of a natural resource boom on the performance of the manufacturing sector. Specifically, the dutch disease hypothesis establishes that increases in commodity prices should lead to a decrease in manufacturing exports, due to significant inflows of...

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Autores principales: Graña Colella, Santiago, Silva Neira, Ignacio
Formato: Documento de trabajo publishedVersion
Lenguaje:Inglés
Publicado: Hochschule für Wirtschaft und Recht Berlin 2024
Materias:
Enfermedad Holandesa
Exportaciones
Competitividad
Análisis Econométrico
Acceso en línea:https://nulan.mdp.edu.ar/id/eprint/4312/
https://nulan.mdp.edu.ar/id/eprint/4312/1/grana-silva-2024.pdf
Aporte de:
Nulan - Fac.Cs.Económicas (UNMdP) de Universidad Nacional de Mar del Plata (UNMdP)
id I29-R135-4312
record_format dspace
spelling I29-R135-43122025-05-15T13:06:59Z Export manufacture competitiveness and commodity dependence: an empirical analysis of the dutch disease on Argentina and chile during the commodity price boom Graña Colella, Santiago Silva Neira, Ignacio Extensive economic literature has covered the effect of a natural resource boom on the performance of the manufacturing sector. Specifically, the dutch disease hypothesis establishes that increases in commodity prices should lead to a decrease in manufacturing exports, due to significant inflows of foreign currency that subsequently appreciate the real exchange rate. In 2003, a substantial increase in commodity prices, coupled with a pronounced appreciation of the real exchange rate, triggered a process of export primarization in latin american countries. The paper aims to empirically assess whether the dutch disease framework can provide a suitable explanation for this phenomenon in argentina and chile. Despite both countries heavily depending on natural resources, they exhibit notable differences in economic scale, composition, and evolution of manufacturing exports, as well as their economic policy approaches throughout the designated period. This task is performed through the estimation of one var model for each country (2003-2019). The main results indicate that while there is insufficient evidence to assert that argentina suffered from the dutch disease, the evidence for chile remains inconclusive. These divergent results could potentially find clarification in an examination of disparities in export composition and integrated technology and thereby suggest a broader analysis regarding the policy implications. Hochschule für Wirtschaft und Recht Berlin 2024-05 https://nulan.mdp.edu.ar/id/eprint/4312/ application/pdf eng https://nulan.mdp.edu.ar/id/eprint/4312/1/grana-silva-2024.pdf Argentina Chile info:eu-repo/semantics/workingPaper info:ar-repo/semantics/documento de trabajo info:eu-repo/semantics/publishedVersion Fil: Graña Colella, Santiago. Universidad Nacional de Mar del Plata. Facultad de Ciencias Económicas y Sociales. Universidad Nacional de San Martín, San Martín; Argentina. Fil: Silva Neira, L. I. Institute for International Political Economy (IPE), Berlin School of Economics and Law. Universidad del País Vasco (UPV/EHU); Spain. Enfermedad Holandesa Exportaciones Competitividad Análisis Econométrico info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-nc-nd/4.0/deed.es
institution Universidad Nacional de Mar del Plata (UNMdP)
institution_str I-29
repository_str R-135
collection Nulan - Fac.Cs.Económicas (UNMdP)
language Inglés
orig_language_str_mv eng
topic Enfermedad Holandesa
Exportaciones
Competitividad
Análisis Econométrico
spellingShingle Enfermedad Holandesa
Exportaciones
Competitividad
Análisis Econométrico
Graña Colella, Santiago
Silva Neira, Ignacio
Export manufacture competitiveness and commodity dependence: an empirical analysis of the dutch disease on Argentina and chile during the commodity price boom
topic_facet Enfermedad Holandesa
Exportaciones
Competitividad
Análisis Econométrico
description Extensive economic literature has covered the effect of a natural resource boom on the performance of the manufacturing sector. Specifically, the dutch disease hypothesis establishes that increases in commodity prices should lead to a decrease in manufacturing exports, due to significant inflows of foreign currency that subsequently appreciate the real exchange rate. In 2003, a substantial increase in commodity prices, coupled with a pronounced appreciation of the real exchange rate, triggered a process of export primarization in latin american countries. The paper aims to empirically assess whether the dutch disease framework can provide a suitable explanation for this phenomenon in argentina and chile. Despite both countries heavily depending on natural resources, they exhibit notable differences in economic scale, composition, and evolution of manufacturing exports, as well as their economic policy approaches throughout the designated period. This task is performed through the estimation of one var model for each country (2003-2019). The main results indicate that while there is insufficient evidence to assert that argentina suffered from the dutch disease, the evidence for chile remains inconclusive. These divergent results could potentially find clarification in an examination of disparities in export composition and integrated technology and thereby suggest a broader analysis regarding the policy implications.
format Documento de trabajo
Documento de trabajo
publishedVersion
author Graña Colella, Santiago
Silva Neira, Ignacio
author_facet Graña Colella, Santiago
Silva Neira, Ignacio
author_sort Graña Colella, Santiago
title Export manufacture competitiveness and commodity dependence: an empirical analysis of the dutch disease on Argentina and chile during the commodity price boom
title_short Export manufacture competitiveness and commodity dependence: an empirical analysis of the dutch disease on Argentina and chile during the commodity price boom
title_full Export manufacture competitiveness and commodity dependence: an empirical analysis of the dutch disease on Argentina and chile during the commodity price boom
title_fullStr Export manufacture competitiveness and commodity dependence: an empirical analysis of the dutch disease on Argentina and chile during the commodity price boom
title_full_unstemmed Export manufacture competitiveness and commodity dependence: an empirical analysis of the dutch disease on Argentina and chile during the commodity price boom
title_sort export manufacture competitiveness and commodity dependence: an empirical analysis of the dutch disease on argentina and chile during the commodity price boom
publisher Hochschule für Wirtschaft und Recht Berlin
publishDate 2024
url https://nulan.mdp.edu.ar/id/eprint/4312/
https://nulan.mdp.edu.ar/id/eprint/4312/1/grana-silva-2024.pdf
work_keys_str_mv AT granacolellasantiago exportmanufacturecompetitivenessandcommoditydependenceanempiricalanalysisofthedutchdiseaseonargentinaandchileduringthecommoditypriceboom
AT silvaneiraignacio exportmanufacturecompetitivenessandcommoditydependenceanempiricalanalysisofthedutchdiseaseonargentinaandchileduringthecommoditypriceboom
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