The Impact of Trade Agreements in Latin America using the Synthetic Control Method

Swarnali Hannan

No 2017/045, IMF Working Papers from International Monetary Fund

Abstract: The paper employs synthetic control method (SCM) to determine the impact of trade agreements for 64 Latin American country pairs in the period 1989-1996. The results suggest that trade agreements have markedly boosted exports in Latin America, on an average by 76.4 percentage points over ten years. However, there is variation across countries and agreements. The export gains due to trade agreements are lower than the world average comprising 104 country pairs in the period 1983-1995.

Keywords: WP; Trade agreements; international trade flows; synthetic control method; export gain; country pair; export growth; market trade hub; dynamic emerging market trade hub; trade openness; base effect; export boost; trade crisis; region heterogeneity; partner countries' share; export gains of Mercosur; Exports; North American Free Trade Agreement; Customs unions; Export performance; North America; Global; Central America (search for similar items in EconPapers)
Pages: 29
Date: 2017-03-09
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Citations: View citations in EconPapers (11)

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