Substitutability and Protectionism : Latin America's Trade Policy and Imports from China and India

This article examines the trade policy response of Latin American governments to the rapid growth of Chinese and Indian exports in world markets. To explain more protection in sectors where a large share of imports originates in China and India, the “protection for sale” model is extended to allow f...

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Main Authors:	Facchini, Giovanni, Olarreaga, Marcelo, Silva, Peri, Willmann, Gerald
Format:	Journal Article
Language:	en_US
Published:	World Bank 2013
Subjects:	comparative advantage economic research elasticity elasticity of substitution equilibrium export growth exports fixed costs imperfect substitutes import quotas open economy political economy protectionism trade barriers trade deficit trade policies trade policy utility function world trade organization WTO
Online Access:	http://hdl.handle.net/10986/13448

id	okr-10986-13448
recordtype	oai_dc
spelling	okr-10986-134482021-04-23T14:03:08Z Substitutability and Protectionism : Latin America's Trade Policy and Imports from China and India Facchini, Giovanni Olarreaga, Marcelo Silva, Peri Willmann, Gerald comparative advantage economic research elasticity elasticity of substitution equilibrium export growth exports fixed costs imperfect substitutes import quotas open economy political economy protectionism trade barriers trade deficit trade policies trade policy utility function world trade organization WTO This article examines the trade policy response of Latin American governments to the rapid growth of Chinese and Indian exports in world markets. To explain more protection in sectors where a large share of imports originates in China and India, the “protection for sale” model is extended to allow for region-specific degrees of substitutability between domestic and imported varieties of a good. The results suggest that more protection toward Chinese and Indian goods can be explained by the higher substitutability of Chinese and Indian goods with domestic varieties. The data support the model, which performs better than the original protection for sale framework in explaining Latin America's structure of protection. 2013-05-16T18:59:31Z 2013-05-16T18:59:31Z 2011-03-30 Journal Article World Bank Economic Review 1564-698X doi:10.1093/wber/lhq005 http://hdl.handle.net/10986/13448 en_US World Bank Economic Review;24(3) CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank World Bank Journal Article Latin America China India
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	comparative advantage economic research elasticity elasticity of substitution equilibrium export growth exports fixed costs imperfect substitutes import quotas open economy political economy protectionism trade barriers trade deficit trade policies trade policy utility function world trade organization WTO
spellingShingle	comparative advantage economic research elasticity elasticity of substitution equilibrium export growth exports fixed costs imperfect substitutes import quotas open economy political economy protectionism trade barriers trade deficit trade policies trade policy utility function world trade organization WTO Facchini, Giovanni Olarreaga, Marcelo Silva, Peri Willmann, Gerald Substitutability and Protectionism : Latin America's Trade Policy and Imports from China and India
geographic_facet	Latin America China India
relation	World Bank Economic Review;24(3)
description	This article examines the trade policy response of Latin American governments to the rapid growth of Chinese and Indian exports in world markets. To explain more protection in sectors where a large share of imports originates in China and India, the “protection for sale” model is extended to allow for region-specific degrees of substitutability between domestic and imported varieties of a good. The results suggest that more protection toward Chinese and Indian goods can be explained by the higher substitutability of Chinese and Indian goods with domestic varieties. The data support the model, which performs better than the original protection for sale framework in explaining Latin America's structure of protection.
format	Journal Article
author	Facchini, Giovanni Olarreaga, Marcelo Silva, Peri Willmann, Gerald
author_facet	Facchini, Giovanni Olarreaga, Marcelo Silva, Peri Willmann, Gerald
author_sort	Facchini, Giovanni
title	Substitutability and Protectionism : Latin America's Trade Policy and Imports from China and India
title_short	Substitutability and Protectionism : Latin America's Trade Policy and Imports from China and India
title_full	Substitutability and Protectionism : Latin America's Trade Policy and Imports from China and India
title_fullStr	Substitutability and Protectionism : Latin America's Trade Policy and Imports from China and India
title_full_unstemmed	Substitutability and Protectionism : Latin America's Trade Policy and Imports from China and India
title_sort	substitutability and protectionism : latin america's trade policy and imports from china and india
publisher	World Bank
publishDate	2013
url	http://hdl.handle.net/10986/13448
_version_	1764423527029538816

Substitutability and Protectionism : Latin America's Trade Policy and Imports from China and India

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