Economic Integration Effects on Trade Margins: Sectoral Evidence from Latin America
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Otros documentos de la autoría: Márquez-Ramos, Laura; Florensa, Luis Marcelo; Recalde, María Luisa
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http://dx.doi.org/10.11130/jei.2015.30.2.269 |
Metadatos
Título
Economic Integration Effects on Trade Margins: Sectoral Evidence from Latin AmericaFecha de publicación
2015-06Editor
Sejong University, Center for Economic IntegrationCita bibliográfica
Márquez-Ramos, L., Florensa, L. M., & Recalde, M. L. (2015). Economic Integration Effects on Trade Margins: Sectoral Evidence from Latin America. Journal of Economic Integration, 269-299.Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
http://www.e-jei.org/journal/view.php?number=2013600071Palabras clave / Materias
Resumen
The present paper aims to determine the effects of different levels of economic integration on the intensive and the extensive margins of trade. Specifically, the analysis focuses on the case of Latin America. It is ... [+]
The present paper aims to determine the effects of different levels of economic integration on the intensive and the extensive margins of trade. Specifically, the analysis focuses on the case of Latin America. It is of great importance for development policies in the region since the extensive margin can be defined as those exports that provide new market entrants, while the intensive margin is due to continued growth in sales of old exporters to the same destinations. Therefore, obtained results have important policy implications related to diversification strategies. The long-term period considered will allow us to determine whether different effects on trade margins might arise in the following two sub-periods: 1962~1989 and from 1990 onwards, i.e. before and after the spread of regional integration agreements and the deepening of the liberalization process in the region. Finally, we focus on those specific sectors in which Latin American countries present a higher relative participation of trade. The obtained results show that the effect of economic integration is both time and period sensitive. The main positive effects are found to be reflected in the intensive margin for all different types of agreements. Moreover, we find that deeper economic integration agreements have the greatest effect on trade margins. [-]
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JEI 2015 June;30(2)Derechos de acceso
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