The "China effect" on global commodity prices and Latin American export earnings

Jenkins, Rhys (2011) The "China effect" on global commodity prices and Latin American export earnings. CEPAL Review, 103. pp. 73-87.

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Abstract

The commodity boom between 2002 and 2008 played an important role in increasing export earnings from Latin America. Growing demand from China for primary products was one factor stimulating the boom. While the direct effects of the growth of exports from Latin America to China have been extensively explored, the indirect impact of higher Chinese demand for commodities on global commodity prices has received less attention. This paper estimates the contribution made by the growth of Chinese demand to the rise in the prices of the 15 main commodities exported from the region. On the basis of these estimates, it calculates the total gain for the region as a whole in export revenues from the "China effect" on world prices. It also provides estimates for 17 Latin American countries of the net effect of Chinese-induced price increases on their trade balances.

Item Type: Article
Faculty \ School: Faculty of Social Sciences > School of International Development
Depositing User: Julie Frith
Date Deposited: 05 Dec 2012 12:47
Last Modified: 17 Mar 2020 14:49
URI: https://ueaeprints.uea.ac.uk/id/eprint/40405
DOI:

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