The Impact of Commodities Indexes in Argentina: A Cointegration Analysis with Breaks
ANDRÉS FIORITI; FERNANDO ANDRÉS DELBIANCO
The Empirical Economics Letters
Lugar: Rajshahi; Año: 2014 vol. 13 p. 1153 - 1153
We extend the work of Delbianco and Fioriti (2014a, 2014b) for the Argentinian economy. We use a cointegration approach with the idea of the presence of structural breaks in the series, given the bimodal distribution of breaks found in Delbianco and Fioriti (2014b) seeking to measure the dependence of Argentina on commodities to define its external position. The main result goes in line with the results of Bastourre et al. (2010) that Argentina relies heavily on commodity prices and that industrialization did not take place during the last 60 years of history.