The determinants of regional exchange in Mercosur: geography and trade liberalization

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Since the mid-eighties many Latin American countries have been involved in a process of trade liberalization. The direct consequence of this liberalization was a strong increase in international trade flows between these countries and the rest of the world. This raise in the overall level of intern...

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Autores principales: Garriga, Marcelo, Sanguinetti, Pablo
Formato: Documento de trabajo publishedVersion
Lenguaje:Inglés
Publicado: Universidad Torcuato Di Tella 2024
Materias:
Libre comercio
Free trade
Comercio internacional
International trade
Trade integration
Acceso en línea:https://repositorio.utdt.edu/handle/20.500.13098/12930
Aporte de:
Repositorio Digital Universidad Torcuato Di Tella de Universidad Torcuato Di Tella
id I57-R163-20.500.13098-12930
record_format dspace
spelling I57-R163-20.500.13098-129302024-11-28T15:23:48Z The determinants of regional exchange in Mercosur: geography and trade liberalization Garriga, Marcelo Sanguinetti, Pablo Libre comercio Free trade Comercio internacional International trade Trade integration Since the mid-eighties many Latin American countries have been involved in a process of trade liberalization. The direct consequence of this liberalization was a strong increase in international trade flows between these countries and the rest of the world. This raise in the overall level of international trade has also been accompanied by an even stronger increase in regional exchange of goods and services. What explains this upsurge in trade flows among Latin America countries? What role have played commercial policies in this phenomenon? In particular, have unilateral -non preferential- trade liberalization schemes played an important role in this phenomenon? What about the effect of sub-regional liberalizations schemes that became popular in the 1990s? . How important is geography (distance) and "neighborhood" in explaining this increase in regional trade? The purpose of this paper is to address these questions, concentrating our attention on the countries belonging to MERCOSUR. Both the theoretical analysis and the empirical evidence suggest that unilateral trade liberalization couple with geography has been an important factor at work. Mercosur itself -with its tariff preferences- was also an element that contributed to raise trade within the area; nevertheless, its quantitative importance is reduced once we control for the other variables. Este Documento forma parte de la serie Working Papers (ISSN 0327-9588), publicada por la Universidad Torcuato Di Tella entre 1993 y 2001 2024-08-02T21:26:45Z 2024-08-02T21:26:45Z 1995 info:eu-repo/semantics/workingPaper info:eu-repo/semantics/publishedVersion https://repositorio.utdt.edu/handle/20.500.13098/12930 eng Working Papers (ISSN 0327-9588) info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-sa/2.5/ar/ 32 p. application/pdf application/pdf Mercosur América Latina Universidad Torcuato Di Tella
institution Universidad Torcuato Di Tella
institution_str I-57
repository_str R-163
collection Repositorio Digital Universidad Torcuato Di Tella
language Inglés
orig_language_str_mv eng
topic Libre comercio
Free trade
Comercio internacional
International trade
Trade integration
spellingShingle Libre comercio
Free trade
Comercio internacional
International trade
Trade integration
Garriga, Marcelo
Sanguinetti, Pablo
The determinants of regional exchange in Mercosur: geography and trade liberalization
topic_facet Libre comercio
Free trade
Comercio internacional
International trade
Trade integration
description Since the mid-eighties many Latin American countries have been involved in a process of trade liberalization. The direct consequence of this liberalization was a strong increase in international trade flows between these countries and the rest of the world. This raise in the overall level of international trade has also been accompanied by an even stronger increase in regional exchange of goods and services. What explains this upsurge in trade flows among Latin America countries? What role have played commercial policies in this phenomenon? In particular, have unilateral -non preferential- trade liberalization schemes played an important role in this phenomenon? What about the effect of sub-regional liberalizations schemes that became popular in the 1990s? . How important is geography (distance) and "neighborhood" in explaining this increase in regional trade? The purpose of this paper is to address these questions, concentrating our attention on the countries belonging to MERCOSUR. Both the theoretical analysis and the empirical evidence suggest that unilateral trade liberalization couple with geography has been an important factor at work. Mercosur itself -with its tariff preferences- was also an element that contributed to raise trade within the area; nevertheless, its quantitative importance is reduced once we control for the other variables.
format Documento de trabajo
publishedVersion
author Garriga, Marcelo
Sanguinetti, Pablo
author_facet Garriga, Marcelo
Sanguinetti, Pablo
author_sort Garriga, Marcelo
title The determinants of regional exchange in Mercosur: geography and trade liberalization
title_short The determinants of regional exchange in Mercosur: geography and trade liberalization
title_full The determinants of regional exchange in Mercosur: geography and trade liberalization
title_fullStr The determinants of regional exchange in Mercosur: geography and trade liberalization
title_full_unstemmed The determinants of regional exchange in Mercosur: geography and trade liberalization
title_sort determinants of regional exchange in mercosur: geography and trade liberalization
publisher Universidad Torcuato Di Tella
publishDate 2024
url https://repositorio.utdt.edu/handle/20.500.13098/12930
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AT garrigamarcelo determinantsofregionalexchangeinmercosurgeographyandtradeliberalization
AT sanguinettipablo determinantsofregionalexchangeinmercosurgeographyandtradeliberalization
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