Profundización, apertura y cierre de mercados de exportación a nivel sectorial en Colombia: Una estimación de los márgenes del comercio y su relación con el ciclo económico.

Ricardo Argüello, Andrés García, Daniel Valderrama

Resultado de la investigación: Documento de Trabajo

Resumen

We explore, from an empirical perspective, the behavior of export markets opening, deepening, and closing at the sectoral level, during 1997-2010 for the case of Colombia, with an emphasis on the two recessions that the economy suffered during this time. For this, we use a trade decomposition technique that allows us to measure each of these market events and trace its behavior along time as well as in the cross-section. Results indicate that, in the short term, the intensive margin of trade largely determines the behavior of exports, while in the medium run an important role is played by the extensive margin. Furthermore, from a sectoral perspective, during the 1997-1999 crisis no uniform pattern is found for the trade margins, while during the 2008-2009 crisis a notoriously homogenous pattern emerges across sectors.
Idioma originalEnglish (US)
Páginas1-84
Número de páginas84
EstadoPublished - 2013

Huella dactilar

Colombia
Cross section
Extensive margin
Export markets
Intensive margin
Margin
Decomposition
Recession

Citar esto

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title = "Profundizaci{\'o}n, apertura y cierre de mercados de exportaci{\'o}n a nivel sectorial en Colombia: Una estimaci{\'o}n de los m{\'a}rgenes del comercio y su relaci{\'o}n con el ciclo econ{\'o}mico.",
abstract = "We explore, from an empirical perspective, the behavior of export markets opening, deepening, and closing at the sectoral level, during 1997-2010 for the case of Colombia, with an emphasis on the two recessions that the economy suffered during this time. For this, we use a trade decomposition technique that allows us to measure each of these market events and trace its behavior along time as well as in the cross-section. Results indicate that, in the short term, the intensive margin of trade largely determines the behavior of exports, while in the medium run an important role is played by the extensive margin. Furthermore, from a sectoral perspective, during the 1997-1999 crisis no uniform pattern is found for the trade margins, while during the 2008-2009 crisis a notoriously homogenous pattern emerges across sectors.",
author = "Ricardo Arg{\"u}ello and Andr{\'e}s Garc{\'i}a and Daniel Valderrama",
year = "2013",
language = "English (US)",
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type = "WorkingPaper",

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TY - UNPB

T1 - Profundización, apertura y cierre de mercados de exportación a nivel sectorial en Colombia: Una estimación de los márgenes del comercio y su relación con el ciclo económico.

AU - Argüello, Ricardo

AU - García, Andrés

AU - Valderrama, Daniel

PY - 2013

Y1 - 2013

N2 - We explore, from an empirical perspective, the behavior of export markets opening, deepening, and closing at the sectoral level, during 1997-2010 for the case of Colombia, with an emphasis on the two recessions that the economy suffered during this time. For this, we use a trade decomposition technique that allows us to measure each of these market events and trace its behavior along time as well as in the cross-section. Results indicate that, in the short term, the intensive margin of trade largely determines the behavior of exports, while in the medium run an important role is played by the extensive margin. Furthermore, from a sectoral perspective, during the 1997-1999 crisis no uniform pattern is found for the trade margins, while during the 2008-2009 crisis a notoriously homogenous pattern emerges across sectors.

AB - We explore, from an empirical perspective, the behavior of export markets opening, deepening, and closing at the sectoral level, during 1997-2010 for the case of Colombia, with an emphasis on the two recessions that the economy suffered during this time. For this, we use a trade decomposition technique that allows us to measure each of these market events and trace its behavior along time as well as in the cross-section. Results indicate that, in the short term, the intensive margin of trade largely determines the behavior of exports, while in the medium run an important role is played by the extensive margin. Furthermore, from a sectoral perspective, during the 1997-1999 crisis no uniform pattern is found for the trade margins, while during the 2008-2009 crisis a notoriously homogenous pattern emerges across sectors.

M3 - Working paper

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EP - 84

BT - Profundización, apertura y cierre de mercados de exportación a nivel sectorial en Colombia: Una estimación de los márgenes del comercio y su relación con el ciclo económico.

ER -