The authors examine the trade policy
response of Latin American governments to the rapid growth
of China and India in world markets. To explain higher
protection in sectors where a large share is imported from
these countries, they extend the "protection for
sale" model to allow for different degrees of
substitutability between domestically produced and imported
varieties. The extension suggests that higher levels of
protection toward Chinese goods can be explained by high
substitutability between domestically produced goods and
Chinese goods, whereas lower levels of protection toward
goods imported from India can be explained by low
substitutability with domestically produced goods. The data
support the extension to the "protection for sale"
model, which performs better than the original specification
in terms of explaining Latin America's structure of protection.
Bibliographic Details
| Main Authors: |
Facchini, Giovanni,
Olarreaga, Marcelo,
Silva, Peri,
Willmann, Gerald |
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| Format: | Policy Research Working Paper
biblioteca
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| Language: | English |
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| Published: |
World Bank, Washington, DC
2007-04
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| Subjects: | ANTIDUMPING,
APPAREL,
AVERAGE,
BENCHMARK,
CENTRAL AMERICA,
COMMERCE,
COMPARATIVE ADVANTAGE,
COMPETITIVENESS,
CONSTANT RETURNS TO SCALE,
CONSUMER SURPLUS,
CONSUMERS,
DEMAND FUNCTION,
DOMESTIC DEMAND,
DOMESTIC PRODUCTION,
DUMPING,
ELASTICITY,
ELASTICITY OF SUBSTITUTION,
EXOGENOUS SHOCKS,
EXPENDITURE,
EXPORT GROWTH,
EXPORTS,
HOME COUNTRY,
IMPERFECT SUBSTITUTES,
IMPORT PENETRATION,
IMPORT QUOTAS,
IMPORT TARIFF,
IMPORT TARIFFS,
IMPORTS OF TEXTILES,
INDUSTRY TRADE,
INTERNATIONAL COMPETITION,
INTERNATIONAL ECONOMICS,
INTERNATIONAL TRADE,
LATIN AMERICAN,
LEVEL OF PROTECTION,
MARKET IMPERFECTIONS,
MARKET PRICE,
MARKET STRUCTURE,
MONOPOLISTIC COMPETITION,
OPEN ECONOMY,
OPTIMAL TARIFF,
POLITICAL ECONOMY,
PREFERENTIAL TRADE,
PRICE EFFECT,
PRICE ELASTICITY,
PROFIT FUNCTIONS,
PROTECTION FOR SALE,
PROTECTIONISM,
PROTECTIONIST BIAS,
QUANTITATIVE RESTRICTIONS,
SALE,
SPECIALIZATION,
SUBSTITUTION EFFECT,
SUPPLY SCHEDULES,
TARIFF BARRIERS,
TARIFF ON IMPORTS,
TARIFF REVENUES,
TARIFF STRUCTURE,
TARIFF STRUCTURES,
TARIFFS,
TRADE DATA,
TRADE DEFICIT,
TRADE FLOWS,
TRADE INTEGRATION,
TRADE POLICIES,
TRADE POLICY,
TRADE PROTECTION,
TRADING PARTNERS,
UNSKILLED LABOR,
UTILITY FUNCTION,
VECTOR OF TARIFFS,
WAGE RATE,
WELFARE FUNCTION,
WORLD MARKET,
WORLD MARKETS,
WORLD TRADE,
WTO, |
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| Online Access: | http://documents.worldbank.org/curated/en/2007/04/7503699/substitutability-protectionism-latin-americas-trade-policy-imports-china-india
http://hdl.handle.net/10986/7014
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