Effects of Venezuelan migration on Colombian price level

This study evaluates the causal impact of the Venezuelan migration on the price level of goods and services in Colombian host cities. The inflow of migrants to a city have a demand shock through an increase in consumption levels, and a supply shock through a decrease in the production costs. I use a...

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Autores:
Daly, Julio César
Tipo de recurso:
Work document
Fecha de publicación:
2021
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
eng
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/49481
Acceso en línea:
http://hdl.handle.net/1992/49481
Palabra clave:
Migration
Prices
Enclave
F22, J15, J23
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/
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spelling Al consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autores.http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Daly, Julio César31d2667c-38cf-4a54-8f7c-4bd8b42ae1b45002021-03-09T15:09:03Z2021-03-09T15:09:03Z2021http://hdl.handle.net/1992/494811657-719110.57784/1992/49481instname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/This study evaluates the causal impact of the Venezuelan migration on the price level of goods and services in Colombian host cities. The inflow of migrants to a city have a demand shock through an increase in consumption levels, and a supply shock through a decrease in the production costs. I use an Enclave instrumental variable strategy, which exploits the tendency of migrants to settle in places with previous migrant networks. I find that the Venezuelan migration increases averages prices in the non-tradable sector and has no effect on the price of food, tradable goods, transport and energy sectors. I provide evidence that this result may be related to the effect migration has on the price of education and housing. My estimates suggests that a 1 percentage point increase in the migration rate is associated with an 0.913% average increase in the price of the nontradables. This result is consistent with a demand side shock.37 páginasengUniversidad de los Andes, Facultad de Economía, CEDEDocumentos CEDE No.08 Marzo de 2021https://ideas.repec.org/p/col/000089/019102.htmlEffects of Venezuelan migration on Colombian price levelDocumento de trabajoinfo:eu-repo/semantics/workingPaperhttp://purl.org/coar/resource_type/c_8042http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttps://purl.org/redcol/resource_type/WPMigrationPricesEnclaveF22, J15, J23Facultad de EconomíaPublicationTEXTdcede2021-08.pdf.txtdcede2021-08.pdf.txtExtracted texttext/plain64364https://repositorio.uniandes.edu.co/bitstreams/9ca52a83-e55c-4b79-80e3-80f869d7ac92/downloadf6ef1ee08d67ebb64fd8e04ccd377d9bMD54ORIGINALdcede2021-08.pdfdcede2021-08.pdfapplication/pdf12360910https://repositorio.uniandes.edu.co/bitstreams/18bc905b-77e9-48d1-950e-4525be6c84ce/downloadd2258209086437b720ec09c9b1fa0040MD51THUMBNAILdcede2021-08.pdf.jpgdcede2021-08.pdf.jpgIM Thumbnailimage/jpeg15941https://repositorio.uniandes.edu.co/bitstreams/e710357a-7c4f-4a95-9d22-949d7a44f714/download10e2fdcba4cb5a9b4171810c71890098MD551992/49481oai:repositorio.uniandes.edu.co:1992/494812024-06-04 15:25:24.478http://creativecommons.org/licenses/by-nc-nd/4.0/open.accesshttps://repositorio.uniandes.edu.coRepositorio institucional Sénecaadminrepositorio@uniandes.edu.co
dc.title.none.fl_str_mv Effects of Venezuelan migration on Colombian price level
title Effects of Venezuelan migration on Colombian price level
spellingShingle Effects of Venezuelan migration on Colombian price level
Migration
Prices
Enclave
F22, J15, J23
title_short Effects of Venezuelan migration on Colombian price level
title_full Effects of Venezuelan migration on Colombian price level
title_fullStr Effects of Venezuelan migration on Colombian price level
title_full_unstemmed Effects of Venezuelan migration on Colombian price level
title_sort Effects of Venezuelan migration on Colombian price level
dc.creator.fl_str_mv Daly, Julio César
dc.contributor.author.none.fl_str_mv Daly, Julio César
dc.subject.keyword.none.fl_str_mv Migration
Prices
Enclave
topic Migration
Prices
Enclave
F22, J15, J23
dc.subject.jel.none.fl_str_mv F22, J15, J23
description This study evaluates the causal impact of the Venezuelan migration on the price level of goods and services in Colombian host cities. The inflow of migrants to a city have a demand shock through an increase in consumption levels, and a supply shock through a decrease in the production costs. I use an Enclave instrumental variable strategy, which exploits the tendency of migrants to settle in places with previous migrant networks. I find that the Venezuelan migration increases averages prices in the non-tradable sector and has no effect on the price of food, tradable goods, transport and energy sectors. I provide evidence that this result may be related to the effect migration has on the price of education and housing. My estimates suggests that a 1 percentage point increase in the migration rate is associated with an 0.913% average increase in the price of the nontradables. This result is consistent with a demand side shock.
publishDate 2021
dc.date.accessioned.none.fl_str_mv 2021-03-09T15:09:03Z
dc.date.available.none.fl_str_mv 2021-03-09T15:09:03Z
dc.date.issued.none.fl_str_mv 2021
dc.type.spa.fl_str_mv Documento de trabajo
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dc.identifier.doi.none.fl_str_mv 10.57784/1992/49481
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dc.language.iso.none.fl_str_mv eng
language eng
dc.relation.ispartofseries.none.fl_str_mv Documentos CEDE No.08 Marzo de 2021
dc.relation.repec.spa.fl_str_mv https://ideas.repec.org/p/col/000089/019102.html
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dc.format.extent.none.fl_str_mv 37 páginas
dc.publisher.none.fl_str_mv Universidad de los Andes, Facultad de Economía, CEDE
publisher.none.fl_str_mv Universidad de los Andes, Facultad de Economía, CEDE
institution Universidad de los Andes
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