Imports and Welfare: Variety Losses of the Argentine Crisis of 2001-2002
Irene Brambilla
Económica, 2014, vol. 60, 45-75
Abstract:
The access to a large variety of products is one of the main sources of gains from international trade and globalization. When an economy goes through a crisis, aggregate demand shrinks resulting in fewer product varieties being imported. In this paper we quantify short-run and medium-run welfare losses that resulted from the reduction in the number of imported product varieties during the Argentine crisis of 2001-2002. We find that short-run welfare losses vary widely across products and that medium-run recovery depends on the ability to substitute towards new varieties.
Keywords: Gains from trade; Product varieties; Argentine crisis (search for similar items in EconPapers)
JEL-codes: F10 F14 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:
Downloads: (external link)
http://economica.econo.unlp.edu.ar/documentos/20141219111112AM_Economica_591.pdf (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:lap:journl:591
Access Statistics for this article
More articles in Económica from Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata Contact information at EDIRC.
Bibliographic data for series maintained by Milagros Cejas (economica@econo.unlp.edu.ar).