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Commodity booms,dutch disease,and real business cycles in a small open economy: The case of coffee in Colombia Author info | Abstract | Publisher info | Download info | Related research | Statistics Rodrigo Suescún M. ()
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Este documento propone un modelo multisectorial de crecimiento, dinámico y estocástico que integra la literatura de ciclo económico real con la de economías con sectores en bonanza y enfermedad holandesa para analizar fluctuaciones, asignación de recursos y los cambios en precios relativos en una economía (en desarrollo) pequeña y abierta, sujeta a choques en los términos de intercambio. Las predicciones del modelo son consistentes con el comportamiento agregado y sectorial a través del ciclo, típico de estas economías, y racionaliza como un resultado eficiente los síntomas de la enfermedad holandesa (desindustrialización temporal y apreciación de la tasa de cambio real) que son a veces considerados como repuestas subóptimas y como la justificación de la intervención gubernamental en países en desarrollo. Se encuentra además que las políticas de estabilización de precios de los bienes primarios no afectan significativamente el patrón cíclico de las fluctuaciones y que sus beneficios en términos de bienestar son de segundo orden.
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Paper provided by BANCO DE LA REPÚBLICA in its series BORRADORES DE ECONOMIA with number
002164.
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Length: 34
Date of creation: 30 Jun 1997Date of revision:
Handle: RePEc:col:000094:002164Contact details of provider:
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Kamas, Linda, 1986.
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Cooley, T.F. & Hansen, G.D., 1988.
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Thomas F. Cooley & Gary D. Hansen, 1987.
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"Recursive Competitive Equilibrium: The Case of Homogeneous Households ,"
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Jeremy Greenwood & Gregory W. Huffman, 1991.
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[Downloadable!] Greenwood, Jeremy & Huffman, Gregory W., 1991.
"Tax analysis in a real-business-cycle model : On measuring Harberger triangles and Okun gaps ,"
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Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Cristina Fernández & Andrés González, 2000.
"Integracion Y Vulnerabilidad Externa En Colombia ,"
BORRADORES DE ECONOMIA
002901, BANCO DE LA REPÚBLICA.
[Downloadable!]
Other versions: Lavan Mahadeva & Javier Gómez Pineda, 2009.
"The international cycle and Colombian monetary policy ,"
BORRADORES DE ECONOMIA
005406, BANCO DE LA REPÚBLICA.
[Downloadable!]
Other versions: Camilo Zea, 1999.
"Financial Inefficiency And Real Business Cycle In Colombia ,"
BORRADORES DE ECONOMIA
002722, BANCO DE LA REPÚBLICA.
[Downloadable!]
Carlos Esteban Posada Posada & Wilman Gómez, 2004.
"Un choque del activo externo neto y el ciclo económico Colombiano 1994-2001 ,"
BORRADORES DE ECONOMIA
003674, BANCO DE LA REPÚBLICA.
[Downloadable!]
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