Mining and Energy Boom, Dutch Disease and Informality in Colombia: a DSGE Approach
The paper develops a Dynamic Stochastic General Equilibrium (DSGE) model, which assesses the macroeconomic and labor market effects derived from simulating a positive shock to the stochastic component of the mining-energy sector productivity. Calibrating the model for the Colombian economy, this shock generates a whole increase in formal wages and a raise in tax revenues, expanding total consumption of the household members. These facts increase non-tradable goods prices relative to tradable goods prices, then real exchange rate decreases (appreciation) and occurs a displacement of productive... Mehr ...
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Dokumenttyp: | workingPaper |
Erscheinungsdatum: | 2016 |
Verlag/Hrsg.: |
Universidad EAFIT
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Schlagwörter: | Mining and energy boom / dutch disease / formal and informal sectors / unemployment / DSGE model |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-26674324 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://hdl.handle.net/10784/9018 |