Mining Spillovers in Chile
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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:
Economic sectors Financial sector policy and analysis Foreign exchange Manufacturing Metal prices Mining sector Positive spillovers Prices Real effective exchange rates
English
Publication Date:
July 31, 2017
ISBN/ISSN:
9781484312698/1018-5941
Stock No:
WPIEA2017177
Pages:
18
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