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The Alleged Countercyclical Nature of Argentina's Export of Manufactures

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  • Londero, Elio

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 modeling and policy analysis.

Suggested Citation

  • Londero, Elio, 2000. "The Alleged Countercyclical Nature of Argentina's Export of Manufactures," MPRA Paper 85341, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:85341
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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.
    2. Barros, Alexandre Rands & Amazonas, Analice, 1996. "Manufactured exports from Brazil: determinants and consequences," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 50(1), January.
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    4. Londero, Elio, 1996. "Shadow Pricing Rules for Partially Traded Goods," MPRA Paper 111765, University Library of Munich, Germany.
    5. Londero, Elio, 1997. "Trade Liberalization with a Fixed Exchange Rate," MPRA Paper 85340, University Library of Munich, Germany.
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    7. Alexandre Rands & Analice Amazonas, 1993. "Manufacturing Exports from Brazil: Determinants and Consequences," Working Papers 11, Datamétrica Consultoria Econômica, revised 1993.
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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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    Cited by:

    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; manufactures; price elasticity; Latina America; Argentina;
    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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