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The alleged countercyclical nature of Argentina's exports of manufactures

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  • Elio Londero

Abstract

It has been suggested that, during the 1970s and 1980s, excess capacity played an important role in the performance of Latin American exports of manufactures. This paper shows that countercyclical factors should be expected for most exports, and submits the hypothesis that these effects are more important for a limited subset of products with special characteristics. Econometric testing of Argentine export functions could not reject this hypothesis. The paper ends by discussing the implications for export modelling and policy analysis.

Suggested Citation

  • Elio Londero, 2001. "The alleged countercyclical nature of Argentina's exports of manufactures," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 10(2), pages 151-173.
    • Handle: RePEc:taf:jitecd:v:10:y:2001:i:2:p:151-173
    DOI: 10.1080/09638190110039037
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    References listed on IDEAS

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    1. Sofronis K. Clerides & Saul Lach & James R. Tybout, 1998. "Is Learning by Exporting Important? Micro-Dynamic Evidence from Colombia, Mexico, and Morocco," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 113(3), pages 903-947.
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    4. Londero, Elio, 1996. "Shadow Pricing Rules for Partially Traded Goods," MPRA Paper 111765, University Library of Munich, Germany.
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    12. Elio Londero & Simón Teitel, 1996. "Industrialisation and the factor content of Latin American exports of manufactures," Journal of Development Studies, Taylor & Francis Journals, vol. 32(4), pages 581-601.
    13. Teitel, Simon & Thoumi, Francisco E, 1986. "From Import Substitution to Exports: The Manufacturing Exports Experience of Argentina and Brazil," Economic Development and Cultural Change, University of Chicago Press, vol. 34(3), pages 455-490, April.
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    1. Elio Londero, 2003. "Trade liberalization and adjustment in Argentina," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 12(3), pages 225-246.

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    More about this item

    Keywords

    Exports; Countercyclical Behaviour; Manufactures; Price Elasticity; Argentina; Latin America;
    All these keywords.

    JEL classification:

    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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