Latin American Export Structure and the US Growth Spillover Effect in the Great Recession

Gonzalo Hernández Jiménez

Vniversitas Económica, 2015, vol. 0, issue 0, No 12587, 35 pages

Abstract: Using panel data analysis, and focusing on export-structure related aspects of the Latin American economies, this paper finds that output fluctuations in Latin America are synchronized with the United States’ business cycle in the period 1961-2012. Moreover, non-primary commodity exporters and Latin American countries whose exports have mainly been destined for the US market display an intensified output fluctuation co-movement with the US. These findings have crucial implications to address the uneven performance of Latin American economies in the Great Recession as a consequence of the real GDP contraction in the United States in 2009.

Keywords: export-structure; business cycles; Great Recession; Latin America (search for similar items in EconPapers)
JEL-codes: F44 O54 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:col:000416:012587

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