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Green-bricks: An empirical approach of shocks in soybean prices to residential building in Rosario, Argentina

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  • Federico Mario Accursi

    (Universidad Austral)

Abstract

Shocks in commodity prices affect developing countries not only on their macroeconomic aggregates, but also on specific industries. The aim of this paper is to study the impact of international soybean prices on the construction activity in Rosario, epicenter of the most fertile area in Argentina, a major soybean producer. VAR methodology is used and accounts for a positive effect in the period 1994-2018. The time path of the effect would be along the first year and a half, when the elasticity of a transitory impulse in soybean prices ranges between 0.69 a 0.96.

Suggested Citation

  • Federico Mario Accursi, 2020. "Green-bricks: An empirical approach of shocks in soybean prices to residential building in Rosario, Argentina," Ensayos de Política Económica, Departamento de Investigación Francisco Valsecchi, Facultad de Ciencias Económicas, Pontificia Universidad Católica Argentina., vol. 3(2), pages 101-128, Octubre.
    • Handle: RePEc:atw:epecon:v:3:y:2020:i:2:p:101-128
    DOI: 10.46553/ensayos.3.2.2020.p101-128
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    References listed on IDEAS

    as
    1. Milton Friedman, 1957. "The Permanent Income Hypothesis," NBER Chapters, in: A Theory of the Consumption Function, pages 20-37, National Bureau of Economic Research, Inc.
    2. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1.
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    More about this item

    Keywords

    price shocks; commodities; VAR; impulse response function; real estate;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • Q02 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Commodity Market
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General

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