Regional Integration: economic growth through export diversification?

Gabriela Mordecki and Matías Piaggio

Revista de Economía y Estadística, 2011, vol. 49, issue 1, 51–79

Abstract: This paper analyses the determinants of Uruguayan manufactured exports without agricultural inputs to Argentina and Brazil (where they are principally destined). This was studied through a Vector Error Correction Model (VECM) including these exports to both countries, external demand and bilateral real exchange rates. The empirical analysis suggests that the external demand is the only determinant of this type of exports to the region, according to this model. This means that these exports depend only on Argentina and Brazil growth. Competitiveness seems not to be an important determinant for the performance of these exports to our neighbors. / Este trabajo analiza los determinantes de las exportaciones uruguayas de bienes industriales con insumos sin origen agropecuario a Argentina y Brasil (hacia donde principalmente se destinan). El estudio fue desarrollado a través de un Modelo de Vectores de Corrección de Error (VECM), incluyendo como variables este tipo de exportaciones a ambos países, la demanda externa y el tipo de cambio real bilateral. El análisis empírico sugiere, de acuerdo al modelo estimado, que la demanda externa es el principal determinante de este tipo de exportaciones. Esto significa que las exportaciones dependen, en el largo plazo, del crecimiento de Argentina y Brasil.

Keywords: Trade; regional integration; competitiveness; cointegration (search for similar items in EconPapers)
JEL-codes: F10 F15 O24 (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
https://revistas.unc.edu.ar/index.php/REyE/article/view/6509/7594 (application/pdf)

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:ief:reveye:v:49:y:2011:i:1:p:51-79

DOI: 10.55444/2451.7321.2011.v49.n1.6509

Access Statistics for this article

Revista de Economía y Estadística is currently edited by Pedro E Moncarz

More articles in Revista de Economía y Estadística from Universidad Nacional de Córdoba, Facultad de Ciencias Económicas, Instituto de Economía y Finanzas Contact information at EDIRC.
Bibliographic data for series maintained by Ivan Iturralde ().