Abstract

LANTERI, Luis N.. Macroeconomics shocks on agriculture: Some evidence for the Argentina's economy. Inv. Econ [online]. 2011, vol.70, n.278, pp.75-100. ISSN 0185-1667.

This work investigates the sources of agricultural product fluctuations for the Argentina's economy using a Structural Vector Error Correction model (SVEC) approach and quarterly data covering the period 1993:1-2010:1. To this effect, the paper imposes short and long run restrictions to the SVEC model and identifies four structural shocks: terms of trade, supply, demand, (real exchange rate) and monetary shocks. The results show that the main source of output fluctuations in the long run are supply shocks (productivity) and in a lesser extent to the terms of trade.

Keywords : macroeconomic shocks; real agricultural Gross Domestic Product; productivity; Structural Vector Error Correction model (SVEC).

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