China, precios de commodities y desempeño de América Latina: Algunos hechos estilizados

Abstract

The Chinese economy has become one of the most important consumers of a broad range of commodities. This work aims at measuring the impact of China's expansion on commodity prices and illustrate its effect on Latin American economies. It is found 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 American economic cycles are positively correlated with commodity prices and China's economic activity.