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Mining Spillovers in Chile
Author:
Mrs. Esther Perez Ruiz
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Series:
IMF Working Papers
Volume/Issue:
Volume 2017: Issue 177
Language:
English
Publication Date:
31 Jul 2017
DOI:
https://doi.org/10.5089/9781484312698.001
ISBN:
9781484312698
ISSN:
1018-5941
Pages:
18
Keywords:
WP; economy; Dutch disease; exchange rate; Sectoral production; Output spillovers; Chile; copper price shock; la Universidad de Chile Economía y dinero; world copper price; Chilean economy; expenditure switching; expenditure switching effect; Dutch disease effect; copper prices result; costs of production; capital cost; prices of the goods; effects of a copper price shock; Metal prices; Mining sector; Manufacturing; Real effective exchange rates; Positive spillovers; Global
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Chile’s small open economy with significant mismatch between the production and consumption baskets may be represented by three stylized sectors, a commodity sector, a non-commodity tradable sector, and a non-tradable sector. This paper estimates the effect of copper price shocks on mining, manufacturing, and construction—each embodying a sector type. The empirical findings are for positive spillovers from mining to the other two sectors. However, the estimated size of the spillovers seems modest, which raises the question of the potential for mining to be better integrated with the rest of the economy.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2017: Issue 177