Export diversification trends: Some comparisons for Latin America

✍ Scribed by de Piñeres, Sheila Amin Gutiěrrez ;Ferrantino, Michael

• Book ID: 104601170
• Publisher: Wiley (John Wiley & Sons)
• Year: 1997
• Weight: 666 KB
• Volume: 39
• Category: Article
• ISSN: 0020-6652
• DOI: 10.1002/tie.5060390403

✦ Synopsis

The present paper is an attempt to establish some stylized facts about the process of export diversification and structural change in exports for six key Latin American economies: Argentina, Brazil, Chile, Colombia, Mexico, and Venezuela. There has been a long-run trend toward export diversification in the region which has persisted through both inward-and outward-looking policy experiments, and over a variety of macroeconomic conditions. Structural change in exports accelerated during the debt crisis episode of the early 1980s, and more rapid structural change may be associated with policy reform. Our results suggest that important sources of economic risk in Latin America may be declining in the long run, and that economic risk is less sensitive to political risk than is often assumed. 0 1997 John Wiley & Sons, Inc.

'This paper solely represents the views of its authors and is not meant to represent in any way the views of the United States International Trade Commission and/or any of its individual Commissioners.