This paper presents the calculation of the added value of Colombia's exports and Valle del Cauca in 2016. Through the use of product input matrices, it was found that the added value of Colombian exports, measured as a percentage of the value Total exports was 86.5%. For Valle del Cauca, this...

This paper presents the calculation of the added value of Colombia's exports and Valle del Cauca in 2016. Through the use of product input matrices, it was found that the added value of Colombian exports, measured as a percentage of the value Total exports was 86.5%. For Valle del Cauca, this...

A Computable General Equilibrium model is used to analyze commodity price shocks in an abundant natural resource country framework (Bolivia), with two export oriented resource sectors (natural gas & oil and minerals) and mainly two emerging tradable sectors (food and manufacturing) with dominant...

A Computable General Equilibrium model is used to analyze commodity price shocks in an abundant natural resource country framework (Bolivia), with two export oriented resource sectors (natural gas & oil and minerals) and mainly two emerging tradable sectors (food and manufacturing) with dominant...

The aim of this work is to contribute to the literature of the role of foreign factors in determining the fluctuations of the Gross Domestic Product (GDP) in small, open and developing countries. The following external variables are considered: terms of trade, foreign GDP, foreign inflation and...

Latin America has experienced a context of high volatility in its terms of trade during recent years. To analyze this phenomenon, a new way of modeling external prices that seeks to capture the uncertainty of the international market is provided. A stochastic dynamic general equilibrium model is...

The purpose of this paper is to contrast the Keynesian partial equilibrium framework of the Current Account with the modern intertemporal general equilibrium approach where the Current Account imbalances reflect, and act as a buffer, against both real and monetary shocks. The document will try...