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End of the Supercycle and Growth of Commodity Producers

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by Luc Eyraud
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End of the Supercycle and Growth of Commodity Producers by Luc Eyraud

This paper estimates the effect of copper prices on Chile's growth at various time horizons. We find that a price decline is likely to have a durable (although not permanent) effect on GDP growth: while the impact is the strongest in the first 3 years after the shock, the transition towards the new lower steady-state GDP level generally takes 5-10 years. From a production function perspective, the GDP growth slowdown is mainly driven by lower capital accumulation.

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Ebook Details
Pages: 27
Size: 985 KB
Publisher: INTERNATIONAL MONETARY FUND
Date published:   2015
ISBN: 9781513546193 (DRM-EPUB)
9781513572536 (DRM-PDF)

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This product is listed in the following categories:

Nonfiction > Business & Economics > Economics
Nonfiction > Business & Economics > International > Economics
Nonfiction > Business & Economics > Economics > Macroeconomics

This author has products in the following categories:

Nonfiction > Business & Economics > International
Nonfiction > Business & Economics
Nonfiction > Business & Economics > Economics
Nonfiction > Business & Economics > International > Economics
Nonfiction > Business & Economics > Economics > Macroeconomics

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05/29/2017
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