The Great Recession and the Determinants of Tariff and Antidumping Restrictions in Argentina, Brazil and Mexico: A Retrospective Study

Alejandro D. Jacobo and Ileana R. Jalile
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Alejandro D. Jacobo: Universidad Nacional de Córdoba, Instituto de Economía y Finanzas (FCE) and Centro de Investigaciones en Ciencias Económicas (CIECS-CONICET), Córdoba, Argentina
Ileana R. Jalile: Universidad Nacional de Córdoba, Instituto de Economía y Finanzas (FCE), Córdoba, Argentina

Economia Internazionale / International Economics, 2020, vol. 73, issue 1, 107-130

Abstract: During the Great Recession (GR) several Latin American economies were active users of trade policies measures. However, their protectionist response is frequently seen as an instrument to attain other goals rather than those related to overcome the GR. This paper explores what is behind countries’ conduct and summarizes the macro and microeconomic determinants of tariff and antidumping (AD) barriers in Argentina, Brazil and Mexico using pre- and post-2008 GR trade and protection data. As to tariff barriers, institutional agreements appear to have kept applied tariff in control after the crisis, while the positive impact of intra-industry trade reveals the governmental dependence on tariff revenue in both Sud-American countries. As to AD determinants, the evidence indicates that Argentina have further increased AD investigations after the crisis as a complement to tariff. Finally, the GR has not reinforced the relationship between movements in the exchange rate and the start of an AD procedure. La grande recessione e le determinanti delle restrizioni tariffarie e antidumping in Argentina, Brasile e Messico: un’analisi retrospettiva Durante la grande recessione (GR) molte economie dell’America latina hanno applicato misure di politica commerciale. In realtà la loro risposta protezionistica è stata frequentemente vista come uno strumento per ottenere risultati diversi da quelli inerenti il superamento della GR. Questo studio esamina cosa vi è dietro la condotta di questi paesi e riassume le determinanti macro- e microeconomiche delle barriere tariffarie e antidumping (AD) in Argentina, Brasile e Messico utilizzando i dati relativi al commercio ed alle misure protezionistiche pre- e post- la GR del 2008. Per quanto riguarda le barriere tariffarie gli accordi istituzionali sembrano aver tenuto sotto controllo le tariffe dopo la crisi, mentre l’impatto positivo del commercio intra-industriale dimostra la dipendenza governativa dalle rimesse delle tariffe in entrambi i paesi sudamericani. In riferimento poi alle determinanti dell’AD, vi sono evidenze che l’Argentina ha ulteriormente incrementato le investigazioni AD dopo la crisi come misura complementare alle tariffe. Infine, la GR non ha rinforzato la relazione tra i movimenti nei tassi di cambio e l’inizio di una procedura AD.

Keywords: Trade; Trade Policy; Trade Barriers; Antidumping (search for similar items in EconPapers)
JEL-codes: F13 (search for similar items in EconPapers)
Date: 2020
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