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Chile; Trade Performance,Trade Liberalization, and Competitiveness

  • Brieuc Monfort
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    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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    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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    1. James H. Stock & Mark W. Watson, 1991. "A simple estimator of cointegrating vectors in higher order integrated systems," Working Paper Series, Macroeconomic Issues 91-3, Federal Reserve Bank of Chicago.
    2. Juan Nicolás Hernández, . "Demanda de Exportaciones no Tradicionales en Colombia," Borradores de Economia 333, Banco de la Republica de Colombia.
    3. 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.
    4. Claudio Bravo-Ortega & Manuel Agosin Trumper, 2007. "The Emergence Of New Successful Export Activities In Latin America: The Case Of Chile," Working Papers wp236, University of Chile, Department of Economics.
    5. Juan Nicolás Hernández, 2005. "Demanda De Importaciones Para El Caso Colombiano: 1980 - 2004," BORRADORES DE ECONOMIA 002269, BANCO DE LA REPÚBLICA.
    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. Claudio Paiva, 2003. "Trade Elasticities and Market Expectations in Brazil," IMF Working Papers 03/140, International Monetary Fund.
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