On the relationship between trade agreements and institutional and political factors

The present paper focuses on the importance that institutional and political factors play on Latin American (LA) economic integration, where there is an increasing heterogeneity among countries. By focusing on both a cross-sectional and a panel data analysis for the LA integration process, we prove...

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Autores principales: Florensa, Luis Marcelo, Márquez-Ramos, Laura, Recalde, María Luisa
Formato: conferenceObject
Lenguaje:Inglés
Publicado: 2021
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Acceso en línea:http://hdl.handle.net/11086/21086
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Sumario:The present paper focuses on the importance that institutional and political factors play on Latin American (LA) economic integration, where there is an increasing heterogeneity among countries. By focusing on both a cross-sectional and a panel data analysis for the LA integration process, we prove that institutional and political factors do matter. Furthermore, the role of these factors has been strengthened at the beginning of the present century due two main issues: the 11S and the Revolución Bolivariana. Finally, our analysis also confirms that geographic, economic and trade policy aspects are key elements for the formation and enhancement of economic integration agreements.