End of the Supercycle and Growth of Commodity Producers : The Case of Chile /

This paper estimates the effect of copper prices on Chile's growth at various time horizons. We find that a price decline is likely to have a durable (although not permanent) effect on GDP growth: while the impact is the strongest in the first 3 years after the shock, the transition towards the...

Szczegółowa specyfikacja

Opis bibliograficzny
1. autor: Eyraud, Luc
Format: Czasopismo
Język:English
Wydane: Washington, D.C. : International Monetary Fund, 2015.
Seria:IMF Working Papers; Working Paper ; No. 2015/242
Hasła przedmiotowe:
Dostęp online:Full text available on IMF
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520 3 |a This paper estimates the effect of copper prices on Chile's growth at various time horizons. We find that a price decline is likely to have a durable (although not permanent) effect on GDP growth: while the impact is the strongest in the first 3 years after the shock, the transition towards the new lower steady-state GDP level generally takes 5-10 years. From a production function perspective, the GDP growth slowdown is mainly driven by lower capital accumulation. 
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830 0 |a IMF Working Papers; Working Paper ;  |v No. 2015/242 
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