Mining Spillovers in Chile

Author/Editor:

. Esther Perez Ruiz

Publication Date:

July 31, 2017

Electronic Access:

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Disclaimer: 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.

Summary:

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.

Series:

Working Paper No. 2017/177

Subject:

English

Publication Date:

July 31, 2017

ISBN/ISSN:

9781484312698/1018-5941

Stock No:

WPIEA2017177

Pages:

18

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