IDEAS home Printed from https://ideas.repec.org/p/zbw/ifwkwp/144.html
   My bibliography  Save this paper

Stabilisation strategies in primary commodity exporting countries: A case study of Chile

Author

Listed:
  • Dick, Hermann
  • Gerken, Egbert
  • Mayer, Thomas
  • Vincent, David P.

Abstract

A number of recent studies have shown that the short term level of economic activity and employment in primary commodity exporting countries is particularly vulnerable to price fluctuations in world commodity markets. The authorities in such countries, in seeking to maintain output and employment stability, must invoke compensatory macroeconomic adjustment strategies to accommodate both favourable and unfavourable movements in the foreign terms of trade. Chile provides a case in point. Chile has traditionally been heavily reliant on raw materials exports, particularly copper, for its foreign exchange earnings. Copper exports averaged around 70 per cent of total export earnings for the period 1960-19 76. They currently represent about one half of total foreign exchange earnings.

Suggested Citation

  • Dick, Hermann & Gerken, Egbert & Mayer, Thomas & Vincent, David P., 1982. "Stabilisation strategies in primary commodity exporting countries: A case study of Chile," Kiel Working Papers 144, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:144
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/46690/1/056661770.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Behrman, Jere R, 1972. "Sectoral Elasticities of Substitution between Capital and Labor in a Developing Economy: Time Series Analysis in the Case of Postwar Chile," Econometrica, Econometric Society, vol. 40(2), pages 311-326, March.
    2. Dick, Hermann & Gupta, Sanjeev & Mayer, Thomas & Vincent, David P., 1982. "The Short-Run Impact of fluctuating primary commodity prices on three developing economies: Colombia, Ivory Coast and Kenya," Kiel Working Papers 155, Kiel Institute for the World Economy (IfW Kiel).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Vincent, David P., 1983. "Exchange rates, monetary policy and wages: A case study of Chile," Kiel Working Papers 164, Kiel Institute for the World Economy (IfW Kiel).
    2. Gerken, Egbert, 1983. "Stabilizing the domestic price level under fluctuating terms of trade," Kiel Working Papers 179, Kiel Institute for the World Economy (IfW Kiel).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Havranek, Tomas & Irsova, Zuzana & Gechert, Sebastian & Kolcunova, Dominika, 2019. "Death to the Cobb-Douglas Production Function? A Meta-Analysis of the Capital-Labor Substitution Elasticity," MetaArXiv 6um5g, Center for Open Science.
    2. Alvarez-Cuadrado, Francisco & Long, Ngo & Poschke, Markus, 2017. "Capital-labor substitution, structural change and growth," Theoretical Economics, Econometric Society, vol. 12(3), September.
    3. Sebastian Gechert & Tomas Havranek & Zuzana Irsova & Dominika Kolcunova, 2022. "Measuring Capital-Labor Substitution: The Importance of Method Choices and Publication Bias," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 45, pages 55-82, July.
    4. Cristina Guillamón & Enrique Moral-Benito & Sergio Puente, 2017. "High growth firms in employment and productivity: dynamic interactions and the role of financial constraints?," Working Papers 1718, Banco de España.
    5. Ye, Longfeng & Robertson, Peter E., 2019. "Hitting the Great Wall: Structural change and China's growth slowdown," China Economic Review, Elsevier, vol. 56(C), pages 1-1.
    6. Gerken, Egbert, 1983. "Stabilizing the domestic price level under fluctuating terms of trade," Kiel Working Papers 179, Kiel Institute for the World Economy (IfW Kiel).
    7. Gaude, Jacques., 1974. "Capital-labour substitution possibilities; a review of empirical research. Provisional," ILO Working Papers 991534603402676, International Labour Organization.
    8. Tillmann Heidelk, 2019. "The Returns to Education in the Context of a Natural Disaster: Evidence from the 2010 Earthquake in Haiti," Working Papers ECARES 2019-17, ULB -- Universite Libre de Bruxelles.
    9. Sebastian Gechert & Thomas Havranek & Zuzana Irsova & Dominika Kolcunova, 2019. "Death to the Cobb-Douglas Production Function," FMM Working Paper 51-2019, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    10. Vincent, David P., 1983. "A multicountry, multisector general equilibrium model system with endogenous trade," Kiel Working Papers 174, Kiel Institute for the World Economy (IfW Kiel).
    11. Abdullah, Maisom, 1989. "Capital-labor substitutability in Malaysian manufacturing: alternative estimates and policy implications," ISU General Staff Papers 198901010800009905, Iowa State University, Department of Economics.
    12. Gechert, Sebastian & Havranek, Tomas & Irsova, Zuzana & Kolcunova, Dominika, 2019. "Death to the Cobb-Douglas Production Function? A Quantitative Survey of the Capital-Labor Substitution Elasticity," EconStor Preprints 203136, ZBW - Leibniz Information Centre for Economics.
    13. repec:wvu:wpaper:10-06 is not listed on IDEAS
    14. George E. Battese & Sohail J. Malik & Nargis Sultana, 1993. "Capital Labour Substitution in the Large-scale Food-processing Industry in Pakistan: Some Recent Evidence," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 32(4), pages 847-858.
    15. Chris Papageorgiou & Kaz Miyagiwa, 2003. "The Elasticity of Substitution, Hicks' Conjectures, and Economic Growth," Departmental Working Papers 2003-08, Department of Economics, Louisiana State University.
    16. Gerken, Egbert, 1983. "Diversification and stabilization in a resource-exporting country," Kiel Working Papers 178, Kiel Institute for the World Economy (IfW Kiel).
    17. Vincent, David P., 1983. "Exchange rates, monetary policy and wages: A case study of Chile," Kiel Working Papers 164, Kiel Institute for the World Economy (IfW Kiel).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:ifwkwp:144. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/iwkiede.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.