Determinants of Argentina’s External Trade
Following the liberalization reforms of the late 80s and early 90s, several emerging market economies have experienced large and persistent trade deficits. This paper focuses on the Argentine experience, examining the extent to which trade imbalances in the 1990s resulted from income and relative price movements, as well as from shifts in foreign trade elasticities associated with structural changes. New estimates of export and import equations are presented using a broader set of variables than previous studies and distinguishing between intra and extra MERCOSUR trade. We find that considerable export sensitivity to world commodity prices, domestic absorption, and economic activity in Brazil, combined with a high income elasticity of imports, are key determinants of Argentina’s trade balance.
Volume (Year): V (2002)
Issue (Month): (May)
|Contact details of provider:|| Postal: |
Phone: (5411) 6314-3000
Fax: (5411) 4314-1654
Web page: http://www.cema.edu.ar/publicaciones/jae.html
More information through EDIRC
References listed on IDEAS
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.:
- Reinhart, Carmen, 1995.
"Devaluation, Relative Prices, and International Trade: Evidence from Developing Countries,"
6974, University Library of Munich, Germany.
- Carmen M. Reinhart, 1995. "Devaluation, Relative Prices, and International Trade: Evidence from Developing Countries," IMF Staff Papers, Palgrave Macmillan, vol. 42(2), pages 290-312, June.
- Reinhart, Carmen, 1994. "Devaluation, Relative Prices, and International Trade," MPRA Paper 13708, University Library of Munich, Germany.
- Carmen Reinhart, 1994. "Devaluation, Relative Prices, and International Trade; Evidence From Developing Countries," IMF Working Papers 94/140, International Monetary Fund.
- Giorgianni, Lorenzo & Milesi-Ferretti, Gian Maria, 1997.
"Determinants of Korean Trade Flows and their Geographical Destination,"
CEPR Discussion Papers
1703, C.E.P.R. Discussion Papers.
- Gian-Maria Milesi-Ferretti & Lorenzo Giorgianni, 1997. "Determinants of Korean Trade Flows and their Geographical Destination," IMF Working Papers 97/54, International Monetary Fund.
- Houthakker, Hendrik S & Magee, Stephen P, 1969. "Income and Price Elasticities in World Trade," The Review of Economics and Statistics, MIT Press, vol. 51(2), pages 111-25, May.
- Richard H. Clarida, 1991.
"Co-Integration, Aggregate Consumption, and the Demand For Imports: A Structural Econometric Investigation,"
NBER Working Papers
3812, National Bureau of Economic Research, Inc.
- Clarida, Richard H, 1994. "Cointegration, Aggregate Consumption, and the Demand for Imports: A Structural Econometric Investigation," American Economic Review, American Economic Association, vol. 84(1), pages 298-308, March.
- Clarida, R.H., 1992. "Cointegration, Aggregate Consumption and the Demand for Imports: A Struct ural Econometric Investigation," Discussion Papers 1992_29, Columbia University, Department of Economics.
- Richard H. Clarida, 1992. "Cointegration, aggregate consumption, and the demand for imports: a structural econometric investigation," Research Paper 9213, Federal Reserve Bank of New York.
- Edwards, Sebastian, 1996. "Why are Latin America's savings rates so low? An international comparative analysis," Journal of Development Economics, Elsevier, vol. 51(1), pages 5-44, October.
- Abdelhak Senhadji, 1998. "Time-Series Estimation of Structural Import Demand Equations: A Cross-Country Analysis," IMF Staff Papers, Palgrave Macmillan, vol. 45(2), pages 236-268, June.
- Pritchett, Lant & Sethi, Geeta, 1993.
"Tariff rates, tariff revenue, and tariff reform : some new facts,"
Policy Research Working Paper Series
1143, The World Bank.
- Pritchett, Lant & Sethi, Geeta, 1994. "Tariff Rates, Tariff Revenue, and Tariff Reform: Some New Facts," World Bank Economic Review, World Bank Group, vol. 8(1), pages 1-16, January.
- Carlos A. VÃ©gh, 1992. "Stopping High Inflation: An Analytical Overview," IMF Staff Papers, Palgrave Macmillan, vol. 39(3), pages 626-695, September.
- Leslie Lipschitz & Donogh McDonald, 1991. "Real Exchange Rates and Competitiveness; A Clarification of Concepts, and Some Measurements for Europe," IMF Working Papers 91/25, International Monetary Fund.
- Lopez Murphy, Ricardo & Navajas, Fernando, 1998. "Domestic savings, public savings and expenditures on consumer durable goods in Argentina," Journal of Development Economics, Elsevier, vol. 57(1), pages 97-116, October.
- Gonzaga, Gustavo M. & Terra, Maria Cristina T., 1997. "Equilibrium real exchange rate, volatility, and stabilization," Journal of Development Economics, Elsevier, vol. 54(1), pages 77-100, October.
- Giovanni Dell'Ariccia, 1999.
"Exchange Rate Fluctuations and Trade Flows: Evidence from the European Union,"
IMF Staff Papers,
Palgrave Macmillan, vol. 46(3), pages 5.
- Giovanni Dell'Ariccia, 1998. "Exchange Rate Fluctuations and Trade Flows; Evidence From the European Union," IMF Working Papers 98/107, International Monetary Fund.
- Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
- Caballero, R. & Corbo, V., 1988. "Real Exchange Rate Uncertainty And Exports: Multi-Country Empirical Evidence," Discussion Papers 1988_12, Columbia University, Department of Economics.
- Goldstein, Morris & Khan, Mohsin S., 1985. "Income and price effects in foreign trade," Handbook of International Economics, in: R. W. Jones & P. B. Kenen (ed.), Handbook of International Economics, edition 1, volume 2, chapter 20, pages 1041-1105 Elsevier.
- Agathe Cote, . "Exchange Rate Volatility and Trade: A Survey," Working Papers 94-5, Bank of Canada.
- Ceglowski, Janet, 1991. "Intertemporal substitution in import demand," Journal of International Money and Finance, Elsevier, vol. 10(1), pages 118-130, March.
When requesting a correction, please mention this item's handle: RePEc:cem:jaecon:v:5:y:2002:n:1:p:19-57. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Valeria Dowding)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.