Latin American Export Specialization and Growth: An Inquiry into the Nature of Product Competition between Different Exporters
AbstractGiven Latin America general specialization in resource-based products, this paper focus on the question as to whether or not it is possible for a country specialized in resource-based products to have high rates of export and growth. To do that, an attempt is made to develop and apply a new taxonomy to a sample of resource-based products exported by Latin American countries to the US. This taxonomy is based on the role played by prices in the mechanism through which countries compete in specific international product markets. Resource-based products are then classified as homogeneous, differentiated or highly-differentiated goods. The paper argues that exports of countries specialized in differentiated or highly-differentiated goods tend to be much more dynamic than of those specialized in homogeneous goods.
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Bibliographic InfoPaper provided by Research Institute for Economics & Business Administration, Kobe University in its series Discussion Paper Series with number 146.
Length: 54 pages
Date of creation: Sep 2003
Date of revision:
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More information through EDIRC
Trade specialization; Export growth; Resource-based goods; Law of one price; Homogeneous goods and differentiated goods;
Find related papers by JEL classification:
- F1 - International Economics - - Trade
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- 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.:
- Thomas Hatzichronoglou, 1997. "Revision of the High-Technology Sector and Product Classification," OECD Science, Technology and Industry Working Papers 1997/2, OECD Publishing.
- Carlin, Wendy & Glyn, Andrew & Van Reenen, John, 2001.
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- Wendy Carlin & Andrew Glyn & John Van Reenen, 1999. "Export Market Performance of OECD countries: an empirical examination of the role of cost competitiveness," IFS Working Papers W99/22, Institute for Fiscal Studies.
- Yang, Jiawen, 1998. "Pricing-to-market in U.S. imports and exports: A time series and cross-sessional study," The Quarterly Review of Economics and Finance, Elsevier, vol. 38(4), pages 843-861.
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