South-South Regional Integration and Industrial Growth : The Case of the Andean Pact

Has the revival of the Andean Pact affected the industrial growth of Bolivia, Colombia, and Ecuador? Has this regional agreement had greater effects tha unilateral liberalization? The author explores two potential channels for industrial growth: sc...

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Main Author:	Madani, Dorsati H.
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	AGGREGATE ANALYSIS ANDEAN PACT BUSINESS CYCLE CAPITAL STOCK COAL CONSTANT RETURNS TO SCALE COST MINIMIZATION DEBT DEVELOPED COUNTRIES DEVELOPMENT ECONOMICS DOMESTIC INDUSTRIES DOMESTIC INDUSTRY ECONOMIC COOPERATION ECONOMIES OF SCALE ELASTICITY ELASTICITY OF SUBSTITUTION EMPIRICAL ANALYSIS EMPIRICAL STUDIES ENDOGENOUS VARIABLES EXCHANGE RATES EXERCISES EXPLOITATION EXPORTS EXTERNALITY FINAL GOODS FOREIGN COMPETITION FOREIGN DIRECT INVESTMENT FREE TRADE GROSS OUTPUT GROWTH RATE GROWTH THEORY HUMAN CAPITAL IMPACT OF TRADE IMPACT OF TRADE LIBERALIZATION IMPERFECT COMPETITION IMPORT PRICES IMPORTS INCREASING RETURNS INDUSTRIAL PRODUCTION INDUSTRIALIZATION INNOVATION INPUT-OUTPUT TABLES INTERMEDIATE GOODS INTERMEDIATE IMPORTS INTERMEDIATE INPUTS LABOR PRODUCTIVITY LIBERALIZATION OF TRADE MEASURES OF INTEGRATION METALS NATIONAL MARKET OIL PATTERNS POSITIVE EFFECTS POSITIVE EXTERNALITIES PRICE INDEX PRODUCTION EFFICIENCY PRODUCTION FUNCTION PRODUCTION PROCESS PRODUCTIVITY PRODUCTIVITY GROWTH REDUNDANCY REGIONAL INTEGRATION REGIONAL TRADE REGIONALISM RETURNS TO SCALE SCALE EFFECT SCALE EFFECTS SPECIALIZATION TARIFF BARRIERS TARIFF RATE TARIFF RATES TARIFF REDUCTION TECHNOLOGICAL PROGRESS TECHNOLOGY TRANSFER TIME SERIES TOTAL FACTOR PRODUCTIVITY TRADE TRADE DATA TRADE DIVERSION TRADE EFFECT TRADE FLOWS TRADE LIBERALIZATION TRADE PATTERN TRADE VOLUMES UNILATERAL LIBERALIZATION VALUE ADDED WAGES WORKERS
Online Access:	http://documents.worldbank.org/curated/en/2001/06/1346407/south-south-regional-integration-industrial-growth-case-andean-pact http://hdl.handle.net/10986/19599

id	okr-10986-19599
recordtype	oai_dc
spelling	okr-10986-195992021-04-23T14:03:43Z South-South Regional Integration and Industrial Growth : The Case of the Andean Pact Madani, Dorsati H. AGGREGATE ANALYSIS ANDEAN PACT BUSINESS CYCLE CAPITAL STOCK COAL CONSTANT RETURNS TO SCALE COST MINIMIZATION DEBT DEVELOPED COUNTRIES DEVELOPMENT ECONOMICS DOMESTIC INDUSTRIES DOMESTIC INDUSTRY ECONOMIC COOPERATION ECONOMIES OF SCALE ELASTICITY ELASTICITY OF SUBSTITUTION EMPIRICAL ANALYSIS EMPIRICAL STUDIES ENDOGENOUS VARIABLES EXCHANGE RATES EXERCISES EXPLOITATION EXPORTS EXTERNALITY FINAL GOODS FOREIGN COMPETITION FOREIGN DIRECT INVESTMENT FREE TRADE GROSS OUTPUT GROWTH RATE GROWTH THEORY HUMAN CAPITAL IMPACT OF TRADE IMPACT OF TRADE LIBERALIZATION IMPERFECT COMPETITION IMPORT PRICES IMPORTS INCREASING RETURNS INDUSTRIAL PRODUCTION INDUSTRIALIZATION INNOVATION INPUT-OUTPUT TABLES INTERMEDIATE GOODS INTERMEDIATE IMPORTS INTERMEDIATE INPUTS LABOR PRODUCTIVITY LIBERALIZATION OF TRADE MEASURES OF INTEGRATION METALS NATIONAL MARKET OIL PATTERNS POSITIVE EFFECTS POSITIVE EXTERNALITIES PRICE INDEX PRODUCTION EFFICIENCY PRODUCTION FUNCTION PRODUCTION PROCESS PRODUCTIVITY PRODUCTIVITY GROWTH REDUNDANCY REGIONAL INTEGRATION REGIONAL TRADE REGIONALISM RETURNS TO SCALE SCALE EFFECT SCALE EFFECTS SPECIALIZATION TARIFF BARRIERS TARIFF RATE TARIFF RATES TARIFF REDUCTION TECHNOLOGICAL PROGRESS TECHNOLOGY TRANSFER TIME SERIES TOTAL FACTOR PRODUCTIVITY TRADE TRADE DATA TRADE DIVERSION TRADE EFFECT TRADE FLOWS TRADE LIBERALIZATION TRADE PATTERN TRADE VOLUMES UNILATERAL LIBERALIZATION VALUE ADDED WAGES WORKERS Has the revival of the Andean Pact affected the industrial growth of Bolivia, Colombia, and Ecuador? Has this regional agreement had greater effects tha unilateral liberalization? The author explores two potential channels for industrial growth: scale effects and variety of imported intermediate inputs. She analyzes data from 2 countries (classified at the three-digit level of ISIC) across three countries. The results show that: 10 The variety of intermediate inputs originating from nonregional partners has a significant positive impact on growth in a handful of industries. 2) The effect of regional variety is at best mixed. This lends preliminary support to the argument that unilateral liberalization will have a positive impact on output growth through the channel of imported intermediate inputs. There is significant homogeneity in industry-level returns to scale. Moreover, in the three Andean countries studied, cross-country scale effects were small and negative. Therefore, the three countries should not expect large or across-the-board gains through scale effects from their regional arrangement. 2014-08-21T20:01:52Z 2014-08-21T20:01:52Z 2001-06 http://documents.worldbank.org/curated/en/2001/06/1346407/south-south-regional-integration-industrial-growth-case-andean-pact http://hdl.handle.net/10986/19599 English en_US Policy Research Working Paper;No. 2614 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	AGGREGATE ANALYSIS ANDEAN PACT BUSINESS CYCLE CAPITAL STOCK COAL CONSTANT RETURNS TO SCALE COST MINIMIZATION DEBT DEVELOPED COUNTRIES DEVELOPMENT ECONOMICS DOMESTIC INDUSTRIES DOMESTIC INDUSTRY ECONOMIC COOPERATION ECONOMIES OF SCALE ELASTICITY ELASTICITY OF SUBSTITUTION EMPIRICAL ANALYSIS EMPIRICAL STUDIES ENDOGENOUS VARIABLES EXCHANGE RATES EXERCISES EXPLOITATION EXPORTS EXTERNALITY FINAL GOODS FOREIGN COMPETITION FOREIGN DIRECT INVESTMENT FREE TRADE GROSS OUTPUT GROWTH RATE GROWTH THEORY HUMAN CAPITAL IMPACT OF TRADE IMPACT OF TRADE LIBERALIZATION IMPERFECT COMPETITION IMPORT PRICES IMPORTS INCREASING RETURNS INDUSTRIAL PRODUCTION INDUSTRIALIZATION INNOVATION INPUT-OUTPUT TABLES INTERMEDIATE GOODS INTERMEDIATE IMPORTS INTERMEDIATE INPUTS LABOR PRODUCTIVITY LIBERALIZATION OF TRADE MEASURES OF INTEGRATION METALS NATIONAL MARKET OIL PATTERNS POSITIVE EFFECTS POSITIVE EXTERNALITIES PRICE INDEX PRODUCTION EFFICIENCY PRODUCTION FUNCTION PRODUCTION PROCESS PRODUCTIVITY PRODUCTIVITY GROWTH REDUNDANCY REGIONAL INTEGRATION REGIONAL TRADE REGIONALISM RETURNS TO SCALE SCALE EFFECT SCALE EFFECTS SPECIALIZATION TARIFF BARRIERS TARIFF RATE TARIFF RATES TARIFF REDUCTION TECHNOLOGICAL PROGRESS TECHNOLOGY TRANSFER TIME SERIES TOTAL FACTOR PRODUCTIVITY TRADE TRADE DATA TRADE DIVERSION TRADE EFFECT TRADE FLOWS TRADE LIBERALIZATION TRADE PATTERN TRADE VOLUMES UNILATERAL LIBERALIZATION VALUE ADDED WAGES WORKERS
spellingShingle	AGGREGATE ANALYSIS ANDEAN PACT BUSINESS CYCLE CAPITAL STOCK COAL CONSTANT RETURNS TO SCALE COST MINIMIZATION DEBT DEVELOPED COUNTRIES DEVELOPMENT ECONOMICS DOMESTIC INDUSTRIES DOMESTIC INDUSTRY ECONOMIC COOPERATION ECONOMIES OF SCALE ELASTICITY ELASTICITY OF SUBSTITUTION EMPIRICAL ANALYSIS EMPIRICAL STUDIES ENDOGENOUS VARIABLES EXCHANGE RATES EXERCISES EXPLOITATION EXPORTS EXTERNALITY FINAL GOODS FOREIGN COMPETITION FOREIGN DIRECT INVESTMENT FREE TRADE GROSS OUTPUT GROWTH RATE GROWTH THEORY HUMAN CAPITAL IMPACT OF TRADE IMPACT OF TRADE LIBERALIZATION IMPERFECT COMPETITION IMPORT PRICES IMPORTS INCREASING RETURNS INDUSTRIAL PRODUCTION INDUSTRIALIZATION INNOVATION INPUT-OUTPUT TABLES INTERMEDIATE GOODS INTERMEDIATE IMPORTS INTERMEDIATE INPUTS LABOR PRODUCTIVITY LIBERALIZATION OF TRADE MEASURES OF INTEGRATION METALS NATIONAL MARKET OIL PATTERNS POSITIVE EFFECTS POSITIVE EXTERNALITIES PRICE INDEX PRODUCTION EFFICIENCY PRODUCTION FUNCTION PRODUCTION PROCESS PRODUCTIVITY PRODUCTIVITY GROWTH REDUNDANCY REGIONAL INTEGRATION REGIONAL TRADE REGIONALISM RETURNS TO SCALE SCALE EFFECT SCALE EFFECTS SPECIALIZATION TARIFF BARRIERS TARIFF RATE TARIFF RATES TARIFF REDUCTION TECHNOLOGICAL PROGRESS TECHNOLOGY TRANSFER TIME SERIES TOTAL FACTOR PRODUCTIVITY TRADE TRADE DATA TRADE DIVERSION TRADE EFFECT TRADE FLOWS TRADE LIBERALIZATION TRADE PATTERN TRADE VOLUMES UNILATERAL LIBERALIZATION VALUE ADDED WAGES WORKERS Madani, Dorsati H. South-South Regional Integration and Industrial Growth : The Case of the Andean Pact
geographic_facet	Latin America & Caribbean
relation	Policy Research Working Paper;No. 2614
description	Has the revival of the Andean Pact affected the industrial growth of Bolivia, Colombia, and Ecuador? Has this regional agreement had greater effects tha unilateral liberalization? The author explores two potential channels for industrial growth: scale effects and variety of imported intermediate inputs. She analyzes data from 2 countries (classified at the three-digit level of ISIC) across three countries. The results show that: 10 The variety of intermediate inputs originating from nonregional partners has a significant positive impact on growth in a handful of industries. 2) The effect of regional variety is at best mixed. This lends preliminary support to the argument that unilateral liberalization will have a positive impact on output growth through the channel of imported intermediate inputs. There is significant homogeneity in industry-level returns to scale. Moreover, in the three Andean countries studied, cross-country scale effects were small and negative. Therefore, the three countries should not expect large or across-the-board gains through scale effects from their regional arrangement.
format	Publications & Research :: Policy Research Working Paper
author	Madani, Dorsati H.
author_facet	Madani, Dorsati H.
author_sort	Madani, Dorsati H.
title	South-South Regional Integration and Industrial Growth : The Case of the Andean Pact
title_short	South-South Regional Integration and Industrial Growth : The Case of the Andean Pact
title_full	South-South Regional Integration and Industrial Growth : The Case of the Andean Pact
title_fullStr	South-South Regional Integration and Industrial Growth : The Case of the Andean Pact
title_full_unstemmed	South-South Regional Integration and Industrial Growth : The Case of the Andean Pact
title_sort	south-south regional integration and industrial growth : the case of the andean pact
publisher	World Bank, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2001/06/1346407/south-south-regional-integration-industrial-growth-case-andean-pact http://hdl.handle.net/10986/19599
_version_	1764440132074602496

South-South Regional Integration and Industrial Growth : The Case of the Andean Pact

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