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Herramientas de estabilización de los precios internos del azúcar en Colombia: ¿Funcionan?

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  • Alonso Cifuentes, Julio César

    ()

  • Arcila Vásquez, Andrés Mauricio

    ()

  • Montenegro Arana, Sebastián

    ()

Abstract

Resumen: En 2001 entró en funcionamiento en Colombia el Fondo de Estabilización de Precios del Azúcar (FEPA) como un mecanismo para proteger a los productores locales de las fluctuaciones en los precios internacionales del azúcar, complementando al Sistema Andino de Franjas de Precios (SAFP) de la Comunidad Andina. Este trabajo busca establecer si el FEPA, unido al SAFP, ha aislado el precio local de las fluctuaciones en los precios del mercado internacional, para lo cual se determina si existe o no una relación de largo plazo entre los precios internacionales y sus contrapartes en las tres principales ciudades de Colombia. Utilizando una muestra para el periodo 2001-2015, no se pudo hallar evidencia de cointegración entre la serie de precios internacionales y los precios del azúcar en las ciudades estudiadas, pudiéndose concluir que el FEPA unido al SAFP ha tenido éxito aislando el efecto de los precios internacionales sobre los precios locales.

Suggested Citation

  • Alonso Cifuentes, Julio César & Arcila Vásquez, Andrés Mauricio & Montenegro Arana, Sebastián, 2016. "Herramientas de estabilización de los precios internos del azúcar en Colombia: ¿Funcionan?," Revista Lecturas de Economía, Universidad de Antioquia - CIE, issue 86, pages 105-126, December.
  • Handle: RePEc:col:000174:015396
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    References listed on IDEAS

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    More about this item

    Keywords

    Fondo de Estabilización de Precios del Azúcar; Sistema Andino de Franjas de Precios; cointegración; raíces unitarias; azúcar;

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

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