TY - BOOK ID - 84783205 TI - End of the Supercycle and Growth of Commodity Producers : The Case of Chile PY - 2015 SN - 1513587064 1513572539 1513546198 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Investments: Commodities KW - Macroeconomics KW - Economic Growth of Open Economies KW - Measurement of Economic Growth KW - Aggregate Productivity KW - Cross-Country Output Convergence KW - Economywide Country Studies: Latin America KW - Caribbean KW - Commodity Markets KW - Nonrenewable Resources and Conservation: General KW - Metals and Metal Products KW - Cement KW - Glass KW - Ceramics KW - Investment & securities KW - Metal prices KW - Commodity prices KW - Commodities KW - Commodity price shocks KW - Prices KW - Metals KW - Commercial products KW - Chile UR - https://www.unicat.be/uniCat?func=search&query=sysid:84783205 AB - This paper estimates the effect of copper prices on Chile’s growth at various time horizons. We find that a price decline is likely to have a durable (although not permanent) effect on GDP growth: while the impact is the strongest in the first 3 years after the shock, the transition towards the new lower steady-state GDP level generally takes 5–10 years. From a production function perspective, the GDP growth slowdown is mainly driven by lower capital accumulation. ER -