Does industrial employment react to movements in the real exchange rate?: An empirical analysis for colombia, 2000-2010

• Autores: José Tomás Peláez, Lya Paola Sierra Suárez
• Localización: Latin American Journal of Economics: formerly Cuadernos de Economía, ISSN-e 0719-0433, Vol. 53, Nº. 1 (Final Issue), 2016, págs. 39-60
• Idioma: inglés
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• Dialnet Métricas: 2 Citas
• Resumen

  • To determine the effect of the real exchange rate on Colombia’s industrial employment and 59 industrial sectors for the period 2000-2010, we used the generalized method of moments of Arellano and Bond (1991) and data from the Annual Manufacturing Survey of the National Administrative Department of Statistics (DANE). Our findings reveal that a real appreciation of the Colombian peso decreases the country’s manufacturing employment, and disaggregation by industrial sector shows that a real appreciation of the Colombian peso had a negative impact on manufacturing employment in 18 industrial sectors and a positive impact in seven.