Commodity Market Trends
Author: Organization of American States
Publisher:
Published: 1957
Total Pages: 258
ISBN-13:
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Commodity market trends: their effect on major Latin America exports
Author:
Publisher:
Published: 1957
Total Pages:
ISBN-13:
DOWNLOAD EBOOKThe Dynamic Effects of Commodity Prices on Fiscal Performance in Latin America
Author: Leandro Medina
Publisher: International Monetary Fund
Published: 2010-08-01
Total Pages: 29
ISBN-13: 1455202266
DOWNLOAD EBOOKThe recent boom and bust in commodity prices has raised concerns about the impact of volatile commodity prices on Latin American countries’ fiscal positions. Using a novel quarterly data set-which includes unique country-specific commodity price indices and a comprehensive measure of public expenditures-this paper analyzes the dynamic effects of commodity price fluctuations on fiscal revenues and expenditures for eight commodity-exporting Latin American countries. The results indicate that Latin American countries’ fiscal positions react strongly to shocks to commodity prices, yet there are marked differences across countries. Fiscal variables in Venezuela display the highest sensitivity to commodity price shocks, with expenditures reacting significantly more than revenues. At the other end of the spectrum, in Chile expenditure reacts very little to commodity price fluctuations, and the dynamic responses of its fiscal indicators are very similar to those seen in high-income commodity-exporting countries. This distinct behavior across countries may relate to institutional arrangements, which in some cases include the efficient application of fiscal rules amid political commitment and high standards of transparency.
After the Boom–Commodity Prices and Economic Growth in Latin America and the Caribbean
Author: Bertrand Gruss
Publisher: International Monetary Fund
Published: 2014-08-15
Total Pages: 43
ISBN-13: 1484330773
DOWNLOAD EBOOKAfter skyrocketing over the past decade, commodity prices have remained stable or eased somewhat since mid-2011—and most projections suggest they are not likely to resume the upward trend observed in the last decade. This paper analyzes what this turn in the commodity price cycle may imply for output growth in Latin America and the Caribbean. The analysis suggests that growth in the years ahead for the average commodity exporter in the region could be significantly lower than during the commodity boom, even if commodity prices were to remain stable at their current still-high levels. Slower-than-expected growth in China represents a key downside risk. The results caution against trying to offset the current economic slowdown with demand-side stimulus and underscore the need for ambitious structural reforms to secure strong growth over the medium term.
Commodity Cycles, Inequality, and Poverty in Latin America
Author: Mr. Ravi Balakrishnan
Publisher: International Monetary Fund
Published: 2021-04-26
Total Pages: 123
ISBN-13: 1484326091
DOWNLOAD EBOOKOver the past decades, inequality has risen not just in advanced economies but also in many emerging market and developing economies, becoming one of the key global policy challenges. And throughout the 20th century, Latin America was associated with some of the world’s highest levels of inequality. Yet something interesting happened in the first decade and a half of the 21st century. Latin America was the only region in the World to have experienced significant declines in inequality in that period. Poverty also fell in Latin America, although this was replicated in other regions, and Latin America started from a relatively low base. Starting around 2014, however, and even before the COVID-19 pandemic hit, poverty and inequality gains had already slowed in Latin America and, in some cases, gone into reverse. And the COVID-19 shock, which is still playing out, is likely to dramatically worsen short-term poverty and inequality dynamics. Against this background, this departmental paper investigates the link between commodity prices, and poverty and inequality developments in Latin America.
Beyond Commodities
Author: Jorge Thompson Araujo
Publisher: World Bank Publications
Published: 2016-11-09
Total Pages: 175
ISBN-13: 1464806594
DOWNLOAD EBOOKBeyond Commodities shows that Latin America and the Caribbean’s growth performance over the last decade cannot be reduced to the commodity boom: growth-promoting reforms that strengthened financial development, increased trade openness and improved infrastructure development also played a significant role and can continue doing so. Based on the econometric analysis of panel data from the 1970-2010 period for 126 countries, the study shows that, while the commodity boom facilitated growth in most of the region, it did not determine it. Domestic pro-growth policies and the maintenance of a sound macro-fiscal framework played a central role in explaining the region’s good performance during last decade. It also shows that new growth “stars†? such as Panama, Peru, Colombia and the Dominican Republic emerged during this period. In addition, a benchmarking exercise reveals which policy gaps will lead to the highest potential growth-payoffs for each country and helps identify potential trade-offs. Finally, with the worsening of external conditions, the authors conclude that the countries of Latin America and the Caribbean have no choice but to turn their attention to domestic drivers to keep growth going, as the structural reforms agenda remains unfinished.
Commodity Export Prospects of Latin America
Author: Montague J. Lord
Publisher:
Published: 1987
Total Pages: 102
ISBN-13:
DOWNLOAD EBOOKThe Sectoral Effects of Real Depreciations in Latin America
Author: Mr.Sergi Lanau
Publisher: International Monetary Fund
Published: 2017-11-16
Total Pages: 20
ISBN-13: 1484328477
DOWNLOAD EBOOKThis papers explores the effects of real exchange rate depreciations on growth across sectors, identifying export, cost, and import-penetration channels. It tests the existence and magnitude of these channels in a panel difference-in-difference methodology. Sectors that export more to begin with, grow relatively more in response to a depreciation. The same is true of sectors where import penetration in final demand is higher. There is no evidence that depreciations reduce growth by making imported inputs more expensive. A 10 percent real depreciation would increase growth of nontraditional sectors in Latin America by 0.6-2 percentage points mostly through the export channel.
Export Dynamics and Economic Growth in Latin America
Author: Sheila A Gutierrez de Pineres
Publisher: Routledge
Published: 2018-02-05
Total Pages: 188
ISBN-13: 1351786016
DOWNLOAD EBOOKThis title was first published in 2000: This text aims to be essential reading for anyone who wishes to understand the microeconomic foundations behind the Latin American export boom, the ways in which government policies affecting exports may retard or promote economic growth, and the future prospects of the proposed Free Trade Association of the Americas. The authors conduct an econometric analysis which uses measures of export diversification, structural change in exports, and exports similarity which provide a basis for region-wide comparisons. The cases of Chile, Colombia, Mexico and Venezuela are analyzed in particular detail. Cross-country analysis focuses on the potential role of export diversification in promoting economic growth, in the context of other important determinants of growth.
