Commodity price shocks and poverty reduction in Chile

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dc.coverageDOI: 10.1016/j.resourpol.2018.04.004
dc.creatorÁlvarez, Roberto
dc.creatorGarcía-Marín, Álvaro
dc.creatorIlabaca, Sebastián
dc.date2021
dc.date.accessioned05-01-2026 18:03
dc.date.available05-01-2026 18:03
dc.description<p>This paper examines the local economic impact of large increases in metal-mining product prices on poverty in Chile. Using household data from 1998 to 2013 and exploiting differences in municipalities’ exposure to price changes, we provide evidence of a reduction in poverty rates following the positive terms of trade shock of 2003. According to our estimations, the increase in mineral prices experienced between 2003 and 2009 reduced poverty by more than 2% points in municipalities relatively exposed to the commodity boom – with at least 7% of employment in the metal-mining sector – in comparison to municipalities with no exposure to the boom. In addition, we explore some of the mechanisms explaining the reduction in poverty. We find significant effect of higher products prices on wages and employment, especially for unskilled workers and for workers employed in metal-mining industries.</p>eng
dc.identifierhttps://investigadores.uandes.cl/en/publications/3b68e95b-785d-4194-ac41-d312f645d82e
dc.languageeng
dc.rightsinfo:eu-repo/semantics/restrictedAccess
dc.sourcevol.70 (2021)
dc.subjectTrade liberalization
dc.subjectDutch disease
dc.subjectResource
dc.subjectConsequences
dc.subjectSDG 1 - No Poverty
dc.titleCommodity price shocks and poverty reduction in Chileeng
dc.typeArticleeng
dc.typeArtículospa
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