Determinants of ArgentinaÂ’s External Trade

Luis Catão () and Elisabetta Falcetti ()
Additional contact information
Luis Catão: IMF Research Department, http://www.imf.org/
Elisabetta Falcetti: European Bank of Reconstruction and Development
Authors registered in the RePEc Author Service: Luís A.V. Catão ()

Journal of Applied Economics, 2002, vol. 5, 19-57

Abstract: Following the liberalization reforms of the late 80s and early 90s, several emerging market economies have experienced large and persistent trade deficits. This paper focuses on the Argentine experience, examining the extent to which trade imbalances in the 1990s resulted from income and relative price movements, as well as from shifts in foreign trade elasticities associated with structural changes. New estimates of export and import equations are presented using a broader set of variables than previous studies and distinguishing between intra and extra MERCOSUR trade. We find that considerable export sensitivity to world commodity prices, domestic absorption, and economic activity in Brazil, combined with a high income elasticity of imports, are key determinants of ArgentinaÂ’s trade balance.

Keywords: Argentina; foreign trade elasticities; international competitiveness; MERCOSUR (search for similar items in EconPapers)
JEL-codes: F11 F14 F31 (search for similar items in EconPapers)
Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
https://ucema.edu.ar/publicaciones/download/volume5/catao.pdf (application/pdf)

Related works:
Journal Article: Determinants of Argentina’s External Trade (2002)
Working Paper: Determinants of Argentina’s External Trade (1999)
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:cem:jaecon:v:5:y:2002:n:1:p:19-57

Access Statistics for this article

Journal of Applied Economics is currently edited by Germán Coloma and Mariana Conte Grand and Jorge M. Streb

More articles in Journal of Applied Economics from Universidad del CEMA Contact information at EDIRC.
Bibliographic data for series maintained by Valeria Dowding ().