Where Did the Trade Liberalization Drive Latin American Economy: A Cross Section Analysis
AbstractThe institutional reforms towards trade liberalizations in Latin America during the 1980s and the 1990s have introduced a good measure of import competition, but trade policies alone are not sufficient to create a competitive environment in an economy. Most of the region's economies have changed from restrictive to open policies, but unlike trade liberalization in Europe, most trade barriers in Latin America have been reduced unilaterally. These countries favored free trade to improve their economies in terms of savings, export share, foreign reserves and growth of GNP during the reforms period. After decades of weak growth in Latin American countries, the manufacturing sector exports have shown optimistic results in recent years following the international trade agreements. The proposed study examines the trends of export dynamism in the Latin American countries and attempts to analyze whether the current pace of growth is sustainable. This paper attempts to analyze the extent of trade competitiveness and its impact on the economic welfare measures in the Latin American countries. The analysis concentrates on measuring the economic growth of the Latin American countries during 1950-2003. Nash equilibrium has been calculated to measure the economic welfare gains among the trading blocs in the Latin American region.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Euro-American Association of Economic Development in its journal Applied Econometrics and International Development.
Volume (Year): 6 (2006)
Issue (Month): 2 ()
Contact details of provider:
Web page: http://www.usc.es/economet/eaa.htm
Other versions of this item:
- Rajagopal, 2005. "Where Did the Trade Liberalization Drive Latin American Economy: A Cross Section Analysis," Econometrics, EconWPA 0504003, EconWPA.
- C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
- F15 - International Economics - - Trade - - - Economic Integration
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Talan Iscan, 1998. "Exports and capital accumulation: some empirical evidence from the Mexican manufacturing industry," Applied Economics Letters, Taylor & Francis Journals, Taylor & Francis Journals, vol. 5(6), pages 355-360.
- Eva Paus & Nola Reinhardt & Michael Robinson, 2003.
"Trade Liberalization and Productivity Growth in Latin American Manufacturing, 1970-98,"
Journal of Economic Policy Reform, Taylor & Francis Journals,
Taylor & Francis Journals, vol. 6(1), pages 1-15.
- Eva Paus & Nola Reinhardt & Michael Robinson, 2003. "Trade liberalization and productivity growth in latin american manufacturing, 1970-98," Journal of Economic Policy Reform, Taylor & Francis Journals, Taylor & Francis Journals, vol. 6(2), pages 127-127.
- Joyce, J.P. & Kamas, L., 1997.
"Real and Nominal Determinants of Real Exchange Rates in Latin America: Short-Run Dynamics and Long-Run Equilibrium,"
Papers, Wellesley College - Department of Economics
97-05, Wellesley College - Department of Economics.
- Joseph Joyce & Linda Kamas, 2003. "Real and nominal determinants of real exchange rates in Latin America: Short-run dynamics and long-run equilibrium," Journal of Development Studies, Taylor & Francis Journals, vol. 39(6), pages 155-182.
- Perroni, Carlo & Whalley, John, 1996. "How Severe Is Global Retaliation Risk under Increasing Regionalism?," American Economic Review, American Economic Association, vol. 86(2), pages 57-61, May.
- Christopher E.S. WARBURTON, 2012. "ISI and New Industrial Conditions in Latin America and Africa," Applied Econometrics and International Development, Euro-American Association of Economic Development, Euro-American Association of Economic Development, vol. 12(2).
- Acharya, Sanjaya, 2011. "Making unilateral trade liberalisation beneficial to the poor," Socio-Economic Planning Sciences, Elsevier, Elsevier, vol. 45(2), pages 60-71, June.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (M. Carmen Guisan).
If references are entirely missing, you can add them using this form.