MONCARZ PEDRO ESTEBAN
Congresos y reuniones científicas
Título:
Intra and Extra-Regional Trade Costs: A Comparative Approach to Latin American Performance
Autor/es:
MONCARZ, PEDRO ESTEBAN; FLORES, MANUEL; VILLANO, SEBASTIAN; VAILLANT, MARCEL
Reunión:
Congreso; XVII Arnoldshain Seminar; 2022
Institución organizadora:
Instituto de Economía Internacional. Universitat Jaume I
Resumen:
The world expansion of trade in manufacturedgoods has been more dynamic than production over the last 25 years. The greatertrade openness was due more to the growth of extra-regional trade than tointra-regional trade. Regions and trade agreements performed heterogeneously.The estimation of a structural gravity model specifies how different mechanismsof trade liberalization complemented each other, through the reduction of MostFavored Nation tariffs, the expansion and deepening of existing plurilateralagreements, and the incorporation of new deeper agreements. The contributionderived from the reduction of MFN tariffs stands out, followed in importance bythe component of preference for openness and trade facilitation. Thecontribution of the preferential channel via preferential trade agreements hasbeen more important for extra-regional than intra-regional trade. For LatinAmerica, heterogeneity is the fundamental characteristic, the protectionism ofArgentina and Brazil, to a better openness performance of the countries ofCentral America and the Caribbean, and the members of the CAN with anintermediate behavior. Mexico, Colombia, Chile, and Peru, economies fromdifferent regions, are the most open in Latin America. The concept of openregionalism is highlighted: without non-discriminatory trade openness, there isno regionalism that can significantly reduce trade costs.