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Commodity and non-commodity trade dynamics in Colombia
| Content Provider | Semantic Scholar |
|---|---|
| Author | Cao-Alvira, José J. Ronderos-Torres, Carlos |
| Copyright Year | 2011 |
| Abstract | This paper studies the dynamics between the Colombian external trade sector and real exchange rate variations of the Colombian currency within the theoretical framework of the Marshall- Lerner condition. To comprehensively study these dynamics, the analysis is disaggregated for commodity trade, i.e. goods with prices set in the international market, and for trade of noncommodities, which prices are determined at an exporter-importer level. In addition, Colombian bilateral trades with the U.S. and Venezuela, its two main trading partners, are provided distinct attention alas to consider two dissimilar trade scenarios, one where a country transacts internationally in its local currency versus another where the country does not. The M-L condition holds for the cases of Colombian non-commodity trade between with the U.S., and with Venezuela. Colombian commodity trade showed being unresponsive to changes in the Colombian terms of trade. |
| Starting Page | 86 |
| Ending Page | 105 |
| Page Count | 20 |
| File Format | PDF HTM / HTML |
| Volume Number | 5 |
| Alternate Webpage(s) | https://gcg.universia.net/article/download/406/532 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
