Substitutability and Protectionism : Latin America's Trade Policy and Imports from China and India
This article examines the trade policy response of Latin American governments to the rapid growth of Chinese and Indian exports in world markets. To explain more protection in sectors where a large share of imports originates in China and India, the “protection for sale” model is extended to allow for region-specific degrees of substitutability between domestic and imported varieties of a good. The results suggest that more protection toward Chinese and Indian goods can be explained by the higher substitutability of Chinese and Indian goods with domestic varieties. The data support the model, which performs better than the original protection for sale framework in explaining Latin America's structure of protection.
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| Format: | Journal Article biblioteca |
| Language: | en_US |
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World Bank
2011-03-30
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| Subjects: | comparative advantage, economic research, elasticity, elasticity of substitution, equilibrium, export growth, exports, fixed costs, imperfect substitutes, import quotas, open economy, political economy, protectionism, trade barriers, trade deficit, trade policies, trade policy, utility function, world trade organization, WTO, |
| Online Access: | http://hdl.handle.net/10986/13448 |
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dig-okr-10986134482021-04-23T14:03:08Z Substitutability and Protectionism : Latin America's Trade Policy and Imports from China and India Facchini, Giovanni Olarreaga, Marcelo Silva, Peri Willmann, Gerald comparative advantage economic research elasticity elasticity of substitution equilibrium export growth exports fixed costs imperfect substitutes import quotas open economy political economy protectionism trade barriers trade deficit trade policies trade policy utility function world trade organization WTO This article examines the trade policy response of Latin American governments to the rapid growth of Chinese and Indian exports in world markets. To explain more protection in sectors where a large share of imports originates in China and India, the “protection for sale” model is extended to allow for region-specific degrees of substitutability between domestic and imported varieties of a good. The results suggest that more protection toward Chinese and Indian goods can be explained by the higher substitutability of Chinese and Indian goods with domestic varieties. The data support the model, which performs better than the original protection for sale framework in explaining Latin America's structure of protection. 2013-05-16T18:59:31Z 2013-05-16T18:59:31Z 2011-03-30 Journal Article World Bank Economic Review 1564-698X doi:10.1093/wber/lhq005 http://hdl.handle.net/10986/13448 en_US World Bank Economic Review;24(3) CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank World Bank Journal Article Latin America China India |
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Banco Mundial |
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Estados Unidos |
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| tag |
biblioteca |
| region |
America del Norte |
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Biblioteca del Banco Mundial |
| language |
en_US |
| topic |
comparative advantage economic research elasticity elasticity of substitution equilibrium export growth exports fixed costs imperfect substitutes import quotas open economy political economy protectionism trade barriers trade deficit trade policies trade policy utility function world trade organization WTO comparative advantage economic research elasticity elasticity of substitution equilibrium export growth exports fixed costs imperfect substitutes import quotas open economy political economy protectionism trade barriers trade deficit trade policies trade policy utility function world trade organization WTO |
| spellingShingle |
comparative advantage economic research elasticity elasticity of substitution equilibrium export growth exports fixed costs imperfect substitutes import quotas open economy political economy protectionism trade barriers trade deficit trade policies trade policy utility function world trade organization WTO comparative advantage economic research elasticity elasticity of substitution equilibrium export growth exports fixed costs imperfect substitutes import quotas open economy political economy protectionism trade barriers trade deficit trade policies trade policy utility function world trade organization WTO Facchini, Giovanni Olarreaga, Marcelo Silva, Peri Willmann, Gerald Substitutability and Protectionism : Latin America's Trade Policy and Imports from China and India |
| description |
This article examines the trade policy response of Latin American governments to the rapid growth of Chinese and Indian exports in world markets. To explain more protection in sectors where a large share of imports originates in China and India, the “protection for sale” model is extended to allow for region-specific degrees of substitutability between domestic and imported varieties of a good. The results suggest that more protection toward Chinese and Indian goods can be explained by the higher substitutability of Chinese and Indian goods with domestic varieties. The data support the model, which performs better than the original protection for sale framework in explaining Latin America's structure of protection. |
| format |
Journal Article |
| topic_facet |
comparative advantage economic research elasticity elasticity of substitution equilibrium export growth exports fixed costs imperfect substitutes import quotas open economy political economy protectionism trade barriers trade deficit trade policies trade policy utility function world trade organization WTO |
| author |
Facchini, Giovanni Olarreaga, Marcelo Silva, Peri Willmann, Gerald |
| author_facet |
Facchini, Giovanni Olarreaga, Marcelo Silva, Peri Willmann, Gerald |
| author_sort |
Facchini, Giovanni |
| title |
Substitutability and Protectionism : Latin America's Trade Policy and Imports from China and India |
| title_short |
Substitutability and Protectionism : Latin America's Trade Policy and Imports from China and India |
| title_full |
Substitutability and Protectionism : Latin America's Trade Policy and Imports from China and India |
| title_fullStr |
Substitutability and Protectionism : Latin America's Trade Policy and Imports from China and India |
| title_full_unstemmed |
Substitutability and Protectionism : Latin America's Trade Policy and Imports from China and India |
| title_sort |
substitutability and protectionism : latin america's trade policy and imports from china and india |
| publisher |
World Bank |
| publishDate |
2011-03-30 |
| url |
http://hdl.handle.net/10986/13448 |
| work_keys_str_mv |
AT facchinigiovanni substitutabilityandprotectionismlatinamericastradepolicyandimportsfromchinaandindia AT olarreagamarcelo substitutabilityandprotectionismlatinamericastradepolicyandimportsfromchinaandindia AT silvaperi substitutabilityandprotectionismlatinamericastradepolicyandimportsfromchinaandindia AT willmanngerald substitutabilityandprotectionismlatinamericastradepolicyandimportsfromchinaandindia |
| _version_ |
1756572742385139712 |