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Title: Determinants of Argentina’s External Trade
Authors: Catao, Luis
Falcetti, Elisabetta
Keywords: Argentina
foreign trade elasticities
international competitiveness
JEL Codes: F11
Issue Date: 2002-05
Abstract: 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.
Identifiers: Print ISSN 1514-0326
Online ISSN 1667-6726
Institution/Association: Journal of Applied Economics>Volume 5, Number 1, May 2002
Total Pages: 39
From Page: 19
To Page: 57
Collections:Volume 05, Number 1, May 2002

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