Regional Integration: economic growth through export diversification?

Authors

  • Gabriela Mordecki Pupko Universidad de la República (Montevideo, Uruguay)
  • Matías Piaggio Talice Universidad de la República (Montevideo, Uruguay)

DOI:

https://doi.org/10.55444/2451.7321.2011.v49.n1.6509

Keywords:

trade , regional integration, competitiveness, cointegration

Abstract

This paper analyses the determinants of Uruguayan manufactured exports without agricultural inputs to Argentina and Brazil (where they are principally destined). This was studied through a Vector Error Correction Model (VECM) including these exports to both countries, external demand and bilateral real exchange rates. The empirical analysis suggests that the external demand is the only determinant of this type of exports to the region, according to this model. This means that these exports depend only on Argentina and Brazil growth. Competitiveness seems not to be an important determinant for the performance of these exports to our neighbors.

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References

Dalum, B., Laursen, K. and Verspagen, B. (1999). “Does specialization matters for growth?”. Industrial and corporate change, 1999, vol. 8, nº 2, p. 267-288.

Hausmann, R., Hwang, J. and Rodrik, D. (2005). “What you export matters”. Cambridge: NBER, 2005 - . NBER Working paper, 11905.

Iglesias, R. (2005). “El rol del tipo de cambio real y la inversión en la diversificación de exportaciones en América Latina y el Caribe”. Santiago: CEPAL. Serie Macroeconomía del Desarrollo. ISSN 1680-8843.

Johansen, S. (1992). “Cointegration in Partial Systems and the Efficiency of Single-equation Analysis”. Journal of Econometrics, 1992, vol. 52, nº 3, pp. 389-402.

Lall, S. (2000). “The technological structure an performance of developing country manufactured exports, 1985 – 1998”. QEH Working Papers qehwps44, Queen Elizabeth House, University of Oxford.

Mordecki, G. (2006). An estimation of the Export Demand for Uruguay: a study of the last twenty-five years [on-line]. Montevideo: BCU, 2006. Available in: http://www3.bcu.gub.uy/autoriza/peiees/jor/2006/iees03j3160806.pdf [date accessed: September 13th, 2011]

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Published

2011-06-01

How to Cite

Mordecki Pupko, G., & Piaggio Talice, M. (2011). Regional Integration: economic growth through export diversification?. Revista De Economía Y Estadística, 49(1), 51–77. https://doi.org/10.55444/2451.7321.2011.v49.n1.6509

Issue

Vol. 49 No. 1 (2011)

Section

ARTÍCULOS

License

Copyright (c) 2011 Gabriela Mordecki Pupko, Matías Piaggio Talice

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