China, Commodity Prices and Latin American Performance: A Few Stylized Facts
David Moreno and
Patricio Jaramillo ()
Working Papers Central Bank of Chile from Central Bank of Chile
The Chinese economy has shown an average annual growth rate of 10% per year during the last 20 years, transforming it into the most important consumer of a broad range of commodities. With this in sight, this work aims to measure the impact of China’s expansion on commodity prices and illustrate how Latin American economies are affected. One of the main findings is a positive and significant relation between China’s industrial production and the evolution of prices of metals, fuels and to a lesser extent, grains and other farm commodities. In general, Latin America economic cycles are related with commodity prices and China’s economic activity in a positive manner.
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Persistent link: https://EconPapers.repec.org/RePEc:chb:bcchwp:424
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