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Exports to Venezuela: evolution and effect on the exporting scenario and Colombian firms (2000-2012)

Author

Listed:
  • Aarón Garavito
  • Enrique Montes
  • María Esguerra

Abstract

This paper analyzes the dynamics of Colombian exports to the Venezuelan market, the characteristics of the firms that ship goods to this destination and the dependence of their revenues on sales to Venezuela. The results show that the Venezuelan market shipments affect the evolution, structure and destination of Colombian exports. Thus, its evolution has partly responded to the business cycle in the neighbor country and to the binational diplomatic relations. Also, the characteristics of the group of firms that participates in this market has changed according to the situation of trade between the two countries. Finally, for a sample of firms, the Venezuelan market is one of the main international destinations for their products, but does not represent the majority of their sales, which takes place mostly in the domestic market.

Suggested Citation

  • Aarón Garavito & Enrique Montes & María Esguerra, 2013. "Exports to Venezuela: evolution and effect on the exporting scenario and Colombian firms (2000-2012)," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 79, pages 73-111.
  • Handle: RePEc:lde:journl:y:2013:i:79:p:73-111
    DOI: 10.17533/udea.le.n79a3
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    File URL: http://aprendeenlinea.udea.edu.co/revistas/index.php/lecturasdeeconomia/article/view/17949/15407
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    More about this item

    Keywords

    Exports; Venezuela; firms; foreign trade; trade agreements;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights

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