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  • Brieuc Monfort
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    Abstract

    This paper analyses the evolution of Chile''s trade between 1990 and 2007, studying in particular the impact of trade liberalization in addition to traditional price and demand determinants. The results show that export and import flows are mainly responsive to external and domestic demand, and less so to relative prices, although there is a small impact on imports. In addition, the analysis suggests that trade liberalization may have played a role in increasing exports and imports. Estimations of trade elasticities for other countries in Latin America tend to confirm the results found for Chile.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=21970
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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 08/128.

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    Length: 33
    Date of creation: 01 May 2008
    Date of revision:
    Handle: RePEc:imf:imfwpa:08/128

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    Related research

    Keywords: Trade liberalization; reer; tariff rate; domestic demand; trade flows; trade agreements; export volume; export equation; export sectors; world demand; export volumes; import prices; export sector; impact of trade; impact of export growth; tariff rates; trade volume; trade agreement; trade openness; balance of payments; export performance; trade partners; intermediate goods; export prices; free trade; world trade; elasticity of exports; andean pact; export markets; external trade; import tariffs; principal export; agricultural exports; import tariff; exchange rate regime; commodity trade; import price; exporters; export market; export equations; trading partners; increasing exports; partner countries; domestic production; free trade agreement; total exports; share of exports; export market share; oil exporters; export price; real effective exchange rate; export products; bilateral trade; world market; world trade organization; price stability; world economy; trade reforms; trade volumes; trade policy review; free trade agreements; measures of volatility; measure of trade; multilateral trade; commodity export; trade share; import side; elasticity of export; export specialization; open economy; multilateral neighboring countries; expansion of export; increased openness; trade channels; trade impact; world competition; industrial exports; tariff reduction; export values; energy exports; income elasticities; export industry; trade performance; external financing; import taxes; commodity prices; trade treaties; investment goods; free trade zone; export activities;

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    References

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    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.:
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    1. Stock, James H & Watson, Mark W, 1993. "A Simple Estimator of Cointegrating Vectors in Higher Order Integrated Systems," Econometrica, Econometric Society, vol. 61(4), pages 783-820, July.
    2. Manuel Agosin & Claudio Bravo-Ortega, 2009. "The Emergence of New Successful Export Activities in Latin America: The Case of Chile," Research Department Publications 3265, Inter-American Development Bank, Research Department.
    3. Claudio Paiva, 2003. "Trade Elasticities and Market Expectations in Brazil," IMF Working Papers 03/140, International Monetary Fund.
    4. Juan Nicolás Hernández, 2005. "Demanda De Exportaciones No Tradicionales En Colombia," BORRADORES DE ECONOMIA 002268, BANCO DE LA REPÚBLICA.
    5. Juan Nicolás Hernández, . "Demanda De Importaciones Para El Caso Colombiano: 1980 - 2004," Borradores de Economia 356, Banco de la Republica de Colombia.
    6. Keiko Murata & Dave Turner & David Rae & Laurence Le Fouler, 2000. "Modelling Manufacturing Export Volumes Equations: A System Estimation Approach," OECD Economics Department Working Papers 235, OECD Publishing.
    7. Felicitas Nowak-Lehmann D. & Dierk Herzer & Sebastian Vollmer, 2005. "The Free Trade Agreement between Chile and the EU: Its Potential Impact on Chile´s Export Industry," Ibero America Institute for Econ. Research (IAI) Discussion Papers 125, Ibero-America Institute for Economic Research.
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    Citations

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    Cited by:
    1. Tarziján, Jorge, 2013. "The emergence of world-class companies in Chile: Analysis of cases and a framework to assess integration decisions," Journal of Business Research, Elsevier, vol. 66(10), pages 1728-1735.

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