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La industria del cemento en Colombia

Listed author(s):
  • Mauricio Cárdenas


  • Carolina Mejía


  • Fabián García


Este documento analiza el comportamiento de la industria del cemento en Colombia en las últimas décadas. En particular, estudia la relación que existe entre el precio y las cantidades producidas de cemento durante el período 1980 - 2006, así como los determinantes del comportamiento de estas variables durante el período 1994 - 2006. Los resultados muestran que, como consecuencia de la crisis económica de finales de siglo pasado, la relación de largo plazo entre precios y cantidades tuvo un fuerte desequilibrio, que se ha corregido parcialmente en los años recientes. Además, se encuentra evidencia de una conducta estratégica en la fijación del precio, de acuerdo al comportamiento de la demanda. Abstract This paper analyses the functioning of Colombia´s cement industry in the last decades. In particular, it explores the dynamic relation among real cement prices and output for period 1980 - 2006, and studies their determinants using data for the period 1994 - 2006. The evidence suggests that the severe recession of the late 1990s caused a disequilibrium in the long term relationship between prices and quantities, which has been partially corrected. In addition, results indicate a strategic behavior in price determination, depending on demand conditions.

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Paper provided by FEDESARROLLO in its series WORKING PAPERS SERIES. DOCUMENTOS DE TRABAJO with number 003024.

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Length: 41
Date of creation: 30 Jan 2007
Handle: RePEc:col:000123:003024
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