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

Arbeitspapier

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 trade, the supply of the agricultural sector (booming sector) 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.

Object Details

• Language: Spanisch

References and Relationships

• Bibliographic citation: Series: Economic Research Working Papers ; No. 84

Classification and Topics

• Classification: Wirtschaft ; Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models ; Open Economy Macroeconomics
• Subject: external price shocks ; real exchange rate ; Dutch disease ; SVAR models ; Argentina

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Lanteri, Luis N.
• Event: Veröffentlichung
• (who): Banco Central de la República Argentina (BCRA), Investigaciones Económicas (ie)
• (where): Buenos Aires
• (when): 2019

Further information

• Handle: http://hdl.handle.net/10419/202494
• Last update: 10.03.2025, 11:44 AM CET