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Efectos diferenciales de la tasa de cambio real sobre el comercio internacional en Colombia

Author

Listed:
  • Alejandro Torres García
  • Thomas Goda
  • Santiago Sanchez Gonzalez
  • Adriana Romero Villanueva

Abstract

Durante el período 2006-2013 Colombia experimentó una de las apreciaciones reales más fuertes del mundo. Durante este mismo período, el volumen de exportaciones manufactureras disminuyó cerca de un 50%, mientras el volumen de importaciones aumentó cerca de la misma cantidad. Este trabajo busca determinar el efecto de la tasa de cambio real sobre los flujos de comercio internacional en el sector manufacturero. Para tal fin, y como principal aporte, se calculan índices de tasa de cambio real (TCR) subsectorial para 19 subsectores manufactureros, teniendo en cuenta la potencial existencia de heterogeneidades entre ellos. Se estiman además las elasticidades precio para exportaciones e importaciones usando los índices de tasa de cambio real bilateral y subsectorial. Los resultados indican la existencia de importantes diferencias entre el comportamiento de la TCR entre subsectores, y que estas diferencias explican el comportamiento de las exportaciones en los distintos sectores manufactureros, aunque los resultados no son tan claros para el caso de las importaciones. Éstos resultados sugieren que los hacedores de política deberían tener en cuenta los efectos diferenciales de sus políticas sobre el desempeño manufacturero cuando estas afectan la TCR.

Suggested Citation

  • Alejandro Torres García & Thomas Goda & Santiago Sanchez Gonzalez & Adriana Romero Villanueva, 2017. "Efectos diferenciales de la tasa de cambio real sobre el comercio internacional en Colombia," Documentos de Trabajo de Valor Público 15662, Universidad EAFIT.
  • Handle: RePEc:col:000122:015662
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    1. David C. López-Valenzuela & Enrique Montes-Uribe & Héctor M. Zárate-Solano & Alvaro Carmona-Duarte, 2019. "Determinantes y evolución entre precios y cantidades de las exportaciones industriales de Colombia: un estudio a partir de un modelo de Panel-VAR," Borradores de Economia 1075, Banco de la Republica de Colombia.

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    More about this item

    Keywords

    asa de cambio real; exportaciones; importaciones; comercio internacional;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F19 - International Economics - - Trade - - - Other
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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