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Ciclo Económico y Minería del Cobre en Chile

Author

Listed:
  • Fernando Fuentes H.

    (ILADES - Universidad Alberto Hurtado)

  • Carlos J. García

    (ILADES - Universidad Alberto Hurtado)

Abstract

El presente artículo endogeniza la oferta de cobre, incorporando la demanda por insumos del sector minero correspondiente a otros bienes de la economía, en específico bienes intermedios, y a energía, en un modelo macroeconómico estándar de equilibrio general (DSGE) para una muestra 2003-2013. La estimación del modelo revela que un aumento de 1% del precio del cobre causa un aumento de 0,16% en el PIB en cinco años. La principal contribución del estudio es mostrar que si se considera al sector minero integrado al resto de la economía, en vez de suponer que es un enclave, como usualmente se hace, los efectos del precio del cobre sobre la economía chilena por lo menos se duplican.

Suggested Citation

  • Fernando Fuentes H. & Carlos J. García, 2014. "Ciclo Económico y Minería del Cobre en Chile," ILADES-UAH Working Papers inv301, Universidad Alberto Hurtado/School of Economics and Business.
    • Handle: RePEc:ila:ilades:inv301
    as

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    File URL: http://fen.uahurtado.cl/wp-content/uploads/2010/07/I-301.pdf
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    Cited by:

    1. Medina, Juan Pablo, 2021. "Mining development and macroeconomic spillovers in Chile," Resources Policy, Elsevier, vol. 70(C).

    More about this item

    Keywords

    Business Cycle; Copper-mining Industry; Copper Price; Bayesian Econometrics; DSGE Models.;
    All these keywords.

    JEL classification:

    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources

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