El desempeño cambiario del sector automotriz en Argentina y el impacto de la inversión

The balance of payments performance of the automotive industry in Argentina and the impact of investment

Rodrigo Pérez Artica ()

Estudios Economicos, 2020, vol. 037 (Nueva Serie), issue 74, 5-35

Abstract: In an economy affected by a shortage of foreign currency, the Argentine automotive complex shows the worst exchange rate performance among the sectors covered by the Central Bank of Argentina statistics. This article reviews the causes of the external defi cit of the sector for the period 2003-2016. We show that the inflow of foreign capital to fi rms in the sector is correlated in the medium term with important net outflows of foreign currency, worsening the external imbalance. In addition, although it is found that the investment of the autoparts segment is low, we argue this is not the cause of the bad external performance, but rather a negative result more than the regional articulation scheme of the production, which relegates the local production of auto parts

Keywords: industria automotriz; inversión; restricción externa; cadenas globales de valor; cadenas de valor; automotive industry; investment; balance of payment constraint; global value chains; value chains (search for similar items in EconPapers)
JEL-codes: E22 F14 L62 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:uns:esteco:v:37:y:2020:i:74:p:5-35

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