Mapping Crisis-Era Protectionism in Latin America and the Caribbean

Simon Evenett

No 9782, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: The resort to discrimination in the Latin American and Caribbean (LAC) region against foreign commercial interests is documented in this paper and compared to aggregate statistics for worldwide policy choice and for a comparator group of developing countries in the Asia Pacific region. LAC protectionism spiked later than in the rest of the world and, on average, the former nations resorted more to traditional protectionist tools than the latter. Within the LAC region, the heavier users of protectionism employed different cocktails of discriminatory policy instruments. An exploratory cross-country analysis of the potential macroeconomic drivers and substitutes for protectionism in LAC was undertaken. During the crisis era, resort to protectionism tended to be greater in nations that cut tariffs more during 2000-7 and that employed less aggressive fiscal stimulus packages once the crisis hit. Exchange rate depreciation appears to have complemented, rather than substituted, for protectionism.

Date: 2013-12
New Economics Papers: this item is included in nep-lam
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://cepr.org/publications/DP9782 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:9782

Ordering information: This working paper can be ordered from
https://cepr.org/publications/DP9782

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().