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This article seeks to determine the effect of oil prices on gross domestic product (GDP) in the member countries of the Pacific Alliance (PA). A structural VAR model and quarterly data are used, which allow concluding that there is a long-term relationship between the international price of oil and GDP in each of the PA member countries. It was found that an unexpected increase in oil prices does not affect the level of economic activity in Peru. For Chile, which is a net importer of oil, a similar shock effect increases GDP, contrary to what is expected in theory. For Mexico and Colombia, net exporters of oil, an unexpected positive oil price shock positively affects GDP; in Colombia, * Este artículo fue desarrollado como parte de la agenda de investigación del Programa de Estudios de la Alianza del Pacífico (PEAP) de la Universidad Icesi. Los autores forman parte del grupo de investigación Economía, Políticas Públicas y Métodos Cuantitativos de esta misma universidad. Artículo de investigación © 2017 Universidad Católica de Colombia. Facultad de Ciencias Económicas y Administrativas. Todos los derechos reservados Universidad ICESI, Cali, Colombia

Impacto del precio del petróleo sobre el PIB de los países de la Alianza del Pacífico