Overvaluation of the real exchange rate and the Dutch Disease: the Colombian case.

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dc.contributor.authorGoda, Thomas
dc.contributor.authorTorres, Alejandro
dc.coverage.spatialMedellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degreeseng
dc.creator.emailtgoda@eafit.edu.cospa
dc.creator.emailatorres7@eafit.edu.cospa
dc.date.accessioned2013-11-12T20:51:34Z
dc.date.available2013-11-12T20:51:34Z
dc.date.issued2013-11-12
dc.description.abstractIn this study, we estimate the impact of the 2004-2012 energy and mining boom on the real effective exchange rate in Colombia and the sectoral composition of its economy. To this end, we introduce the new “extended Dutch Disease” concept, according to which a currency appreciation may not only occur due to traditional “spending” and “relocation” effects but also due to exports and massive inflows of external capital that finances the booming sector. The empirical results indicate that Colombia experienced an overvaluation of its real exchange rate, which in turn negatively affected the competitiveness of its manufacturing and agricultural sector.eng
dc.identifier.jelF4
dc.identifier.jelO13
dc.identifier.jelO14
dc.identifier.jelO54
dc.identifier.urihttp://hdl.handle.net/10784/1214
dc.language.isoengeng
dc.publisherUniversidad EAFITspa
dc.publisher.departmentEscuela de Economía y Finanzasspa
dc.rights.accessrightsinfo:eu-repo/semantics/openAccesseng
dc.rights.localAcceso abiertospa
dc.subject.keywordDutch Diseaseeng
dc.subject.keywordReal effective exchange rateeng
dc.subject.keywordCapital flowseng
dc.subject.keywordDeindustrializationeng
dc.subject.keywordLatin Americaeng
dc.subject.keywordColombiaeng
dc.titleOvervaluation of the real exchange rate and the Dutch Disease: the Colombian case.eng
dc.typeworkingPapereng
dc.typeinfo:eu-repo/semantics/workingPapereng
dc.type.hasVersiondrafteng
dc.type.localDocumento de trabajo de investigaciónspa

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