Does the commodities boom support the export led growth hypothesis?: evidence from Latin American countries

dc.creatorKristjanpoller, Werner
dc.creatorOlson, Josephine E.
dc.creatorSalazar, Rodolfo I.
dc.date2019-05-24T15:08:31Z
dc.date2019-05-24T15:08:31Z
dc.date2016-10-20
dc.date.accessioned2023-07-21T16:43:13Z
dc.date.available2023-07-21T16:43:13Z
dc.identifier2196-436X
dc.identifierhttp://hdl.handle.net/11651/3238
dc.identifierEn: Latin American Economic Review, volumen 25, número 1, octubre de 2016
dc.identifierhttps://doi.org/10.1007/s40503-016-0036-z
dc.identifier.urihttps://repositorioslatinoamericanos.uchile.cl/handle/2250/7735139
dc.descriptionEconomic growth, Latin American and Caribbean, commodity boom, export led growth
dc.descriptionCommodity prices are characterized by boom and bust cycles. In this article, the impact of the commodity boom of the 2000s on Latin American and Caribbean economies is studied by analyzing four categories of commodity exports (agricultural raw materials, fuel, food, ore and minerals) as well as manufactured exports. Latin American and Caribbean economies had higher growth during the 2000s than in the period before the commodities boom. This study examines whether the higher growth was explained by the commodity boom, and if so, which of the different export commodities accounted for this higher growth. The findings should be relevant to understanding the effects on economic growth of a possible bust in commodity prices. The results show that ore and mineral exports, fuel exports and food exports generally had a negative effect on GDP per capita growth but ore and mineral exports had a positive effect on LAC countries during the boom. During the boom period, agricultural exports had negative effects, especially for LAC countries. Fuel exports had a positive effect on LAC and non-LAC countries during the boom. Manufacturing exports in general had a positive effect on economic growth, but in the boom period this effect almost disappeared for the LAC countries.
dc.formatapplication/PDF
dc.formatapplication/pdf
dc.languageeng
dc.publisherCentro de Investigación y Docencia Económicas
dc.relationLatin American Economic Review, volumen 25, número 1, octubre de 2016
dc.rightsLa revista Latin American Economic Review autoriza a poner en acceso abierto de conformidad con las licencias CREATIVE COMMONS, aprobadas por el Consejo Académico Administrativo del CIDE, las cuales establecen los parámetros de difusión de las obras con fines no comerciales. Lo anterior sin perjuicio de los derechos morales que corresponden a los autores.
dc.rightsCreative Commons Reconocimiento-NoComercial-SinObraDerivada 4.0 International CC BY-NC-ND
dc.source2196-436X
dc.titleDoes the commodities boom support the export led growth hypothesis?: evidence from Latin American countries
dc.typeArtículo


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