CEPAL Review

Frequency
3 times a year
ISSN: 
1684-0348 (online)
http://dx.doi.org/10.18356/bf11809a-en
Hide / Show Abstract
Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.
Also available in Spanish
Article
 

A first approach to the impact of the real exchange rate on industrial sectors in colombia You do not have access to this content

English
 
Click to Access: 
    http://oecd.metastore.ingenta.com/content/8927443b-en.pdf
  • PDF
  • http://www.keepeek.com/Digital-Asset-Management/oecd/economic-and-social-development/a-first-approach-to-the-impact-of-the-real-exchange-rate-on-industrial-sectors-in-colombia_8927443b-en
  • READ
Author(s):
Lya Paola Sierra, Karina L. Manrique
31 Dec 2014
Pages:
16
Bibliographic information
No.:
7,
Volume:
2014,
Issue:
114
Pages:
119–134
http://dx.doi.org/10.18356/8927443b-en

Hide / Show Abstract

Much has been said about possible symptoms of Dutch disease in Colombia in the wake of a marked upsurge in commodity prices and the significant real appreciation of the national currency. This paper examines whether the real effective exchange rate had an impact on industry during the period 2000-2010. Specifically, it evaluates the effect of the appreciation of the real exchange rate on the value added of 63 industrial sectors in Colombia using the Arellano and Bond (1991) generalized method of moments (gmm) estimator. Overall, our results confirm a negative relationship between real exchange rate appreciation and industry. The analysis showed that real exchange rate appreciation had a significant impact on the value added of 21 sectors: a negative effect for 18 sectors and a positive effect for 3 sectors.
Also available in Spanish