Choques de precios externos y tipo de cambio real: Nueva evidencia sobre la enfermedad holandesa ("dutch disease") en el caso argentino

This paper analyzes the impact of external price shocks on the real exchange rate and the existence of the Dutch disease, in the case of the Argentine economy. We consider the effects of shocks on the terms of tr ade, the supply of the agricultural sector (booming sector and main exporter) and the r...

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Bibliographic Details
Published in:Atlantic review of economics 2019, Vol.2 (1)
Main Author: Lanteri, Luis N
Format: Article
Language:Spanish
Subjects:
Argentina
Dutch disease
external price shocks
real exchange rate
SVAR models
Online Access:Get full text
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Summary:This paper analyzes the impact of external price shocks on the real exchange rate and the existence of the Dutch disease, in the case of the Argentine economy. We consider the effects of shocks on the terms of tr ade, the supply of the agricultural sector (booming sector and main exporter) and the real exchange rate on the GDP of the manufacturing sector (or, alternatively, on total GDP) and unemployment rates. SVAR models, with long-term restrictions, and quarterly data, covering the 1993-2018 period, are estimated. The results show that the external price shocks and agricultural sector shocks affect positively and permanently to the manufacturing GDP and negatively to the unemployment rates, not finding substantial evidence about existence of the Dutch disease for this economy, during the period considered.
ISSN:2174-3835
2174-3835