MONCARZ PEDRO ESTEBAN
Congresos y reuniones científicas
Título:
Regionalism as industrial policy: evidence from MERCOSUR
Autor/es:
PEDRO E. MONCARZ; MARCELO OLARREAGA; MARCEL VAILLANT
Lugar:
Appenzel
Reunión:
Congreso; IX ANNUAL CONFERENCE OF THE EURO-LATIN STUDY NETWORK ON INTEGRATION AND TRADE (ELSNIT); 2011
Institución organizadora:
Institute for the Integration of Latin America and the Caribbean
Resumen:
This paper empirically explores whether trade preferences can be used as a substitute for industrial policy and help countries achieve their industrialization objectives, at the expense of other regional members. It illustrates the heterogeneity that may exist in terms of reaching industrialization objectives with the help of preferential trade between small and large members of these agreements. Results show that MERCOSUR preferences obtained by Brazilian exporters have led to an increase in exports of relatively sophisticated products in which Brazil does not enjoy a global comparative advantage. On the other hand smaller members of MERCOSUR export to the region products in which they have a strong comparative advantages and with relatively low levels of sophistication. This suggests that MERCOSUR has helped Brazil achieve its industrialization objectives, but has not  contributed to the industrialization of its smaller members.