Green-bricks: An empirical approach of shocks in soybean prices to residential building in Rosario, Argentina

Federico Mario Accursi ()
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Federico Mario Accursi: Universidad Austral

Ensayos de Política Económica, 2020, vol. 3, issue 2, 101-128

Abstract: Shocks in commodity prices affect developing countries not only on their macroeconomic aggregates, but also on specific industries. The aim of this paper is to study the impact of international soybean prices on the construction activity in Rosario, epicenter of the most fertile area in Argentina, a major soybean producer. VAR methodology is used and accounts for a positive effect in the period 1994-2018. The time path of the effect would be along the first year and a half, when the elasticity of a transitory impulse in soybean prices ranges between 0.69 a 0.96.

Keywords: price shocks; commodities; VAR; impulse response function; real estate (search for similar items in EconPapers)
JEL-codes: C32 O10 Q02 R00 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:atw:epecon:v:3:y:2020:i:2:p:101-128

DOI: 10.46553/ensayos.3.2.2020.p101-128

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