Resumo

CHAVES CASTRO, Álvaro. A SEASONAL CO-INTEGRATION MODEL OF INDUSTRIAL PRODUCTION IN COLOMBIA, 1993-2005. Cuad. Econ. [online]. 2005, vol.24, n.43, pp.105-128. ISSN 0121-4772.

This article explores whether there were a long-term equilibrium relationship between industrial production and capital goods and raw material being imported to Colombia from January 1993 to April 2005. Such relationship was determined from a seasonal co-integration model; the resulting model was used for impulse-response exercises and simulating the trajectory of variables which are affected by exogenous shocks.

Palavras-chave : seasonal co-integration; seasonal root; industry.

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