The competition between China and Korea for export markets in Latin America: an analysis by technological categories

Gilberto Libanio and Diana Chaib
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Diana Chaib: CEDEPLAR/UFMG

No 632, Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais

Abstract: Taking into account the increasing competition between Korea and China in international markets, the proposed study aims to investigate the competition between the two countries for export markets in Latin America, between 2001 and 2019. The paper builds an index of exports quality, based on the classification of exports by technological intensity: primary products, resource-based manufactures, low-tech, medium-tech and high-tech manufactures. Besides that, we calculate an index of competition between Korea and China in Latin American markets, for the period. Then, we estimate an exports function for Korean exports to Latin America by using dynamic panel-data analysis, taking the index of competition, the Chinese exchange rate, and Latin American GDP as explanatory variables. The results suggest a negative impact of the Chinese exchange rate and of competition between China and Korea on Korean exports and a positive impact of the Latin American countries’ GDP on Korean exports.

Keywords: exports; exchange rate; China; Korea; panel data (search for similar items in EconPapers)
JEL-codes: F14 O33 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2021-06
New Economics Papers: this item is included in nep-cna and nep-int
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