The education networks of Latin America. Effects on bilateral trade during and after the cold war

This paper tests the effects of students´ movements from eleven LAIA countries into nine OECD economies on bilateral trade flows during years 1971 to 2012. We use several cofactors, different econometric specifications and controls for endogeneity. Our main results are that education networks hav...

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Autores principales: Murat, Marina, Recalde, María Luisa, Degiovanni, Pedro
Formato: conferenceObject
Lenguaje:Inglés
Publicado: 2021
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Acceso en línea:http://hdl.handle.net/11086/21294
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Sumario:This paper tests the effects of students´ movements from eleven LAIA countries into nine OECD economies on bilateral trade flows during years 1971 to 2012. We use several cofactors, different econometric specifications and controls for endogeneity. Our main results are that education networks have positive and significant effects on bilateral exports and imports. The impact of students on trade is higher during the cold war period than afterwards, and it concentrates on differentiated goods. Political, cultural and institutional similarities decrease the effect. We find the impact of education networks to be robust to different specifications and regressors.