Latin American Neoextractivismo: Split or Deepening of the Liberal Model of the Economy?

Pérez-Guzmán K & Mutis AP (2018). Latin American Neoextractivismo: Split or Deepening of the Liberal Model of the Economy? Efil Journal of Economic Research 1 (4): 8-35.

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Abstract

This paper explores the economic effects of extractivism in Chile, Colombia, Mexico
and Peru, applying the Dutch Disease model. A Johansen cointegration test finds a strong
negative relationship between the appreciation of the real exchange rate due to increased
government spending, and a decreasing participation of manufactures both at the national
level and in exports. Other weaker, yet still significant, economic effects are also suggested.
As the model of growth based on natural resources continues in Latin America, its
economic effects must be discerned in order to to guarantee a more fair inclusion in global
trade and stronger national economic growth.

Item Type: Article
Uncontrolled Keywords: Extractivism, Dutch Disease, Latin America, Natural Resource Curse, Johansen Cointegration Test
Research Programs: Advanced Systems Analysis (ASA)
Depositing User: Luke Kirwan
Date Deposited: 07 Jan 2019 08:28
Last Modified: 02 Apr 2019 10:34
URI: http://pure.iiasa.ac.at/15657

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