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function on the basis of annual time series data from Chile. Based on the theory of cointegration three types of statistical … methodologies are used: the Johansen trace-test, a multivariate error-correction model and the dynamic OLS procedure. Given Chile …
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This study examines the export-led growth hypothesis using annual time series data from Chile in a production function …
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that there exists a long-run equilibrium between exports and imports in Chile, despite the balance-of-payments crisis of … 1982-83. This finding implies that Chile\'s macroeconomic policies have been effective in the long-run and suggests that … Chile is not in violation of its international budget constraint. …
Persistent link: https://www.econbiz.de/10010291862
It is the objective of this paper to analyze Chile's development of market shares in the EU market in the period of … considered a decisive determinant of Chile's market shares since Chile's successful export products are rather homogeneous …, the Netherlands, Spain and the UK, with perceptible imports from Chile in the above-mentioned sectors, serve as cross …
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functions. We apply our approach to plant-level data from Colombia and Chile, and find that a gross output production function …
Persistent link: https://www.econbiz.de/10010291962
early 1990s to the early 2000s in three relatively stable countries: Brazil, Chile and Mexico. Using econometric techniques …
Persistent link: https://www.econbiz.de/10010293299
Existing results on the contribution of terms of trade and world interest rate shocks to output fluctuations in small open economies range from less than 10% to almost 90%. We argue that an identification problems lies at the heart of these vastly different results. In this paper, we overcome...
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