Substitutability and Protectionism : Latin America's Trade Policy and Imports from China and India
The authors examine the trade policy response of Latin American governments to the rapid growth of China and India in world markets. To explain higher protection in sectors where a large share is imported from these countries, they extend the "...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2007/04/7503699/substitutability-protectionism-latin-americas-trade-policy-imports-china-india http://hdl.handle.net/10986/7014 |
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okr-10986-70142021-04-23T14:02:33Z Substitutability and Protectionism : Latin America's Trade Policy and Imports from China and India Facchini, Giovanni Olarreaga, Marcelo Silva, Peri Willmann, Gerald ANTIDUMPING APPAREL AVERAGE BENCHMARK CENTRAL AMERICA COMMERCE COMPARATIVE ADVANTAGE COMPETITIVENESS CONSTANT RETURNS TO SCALE CONSUMER SURPLUS CONSUMERS DEMAND FUNCTION DOMESTIC DEMAND DOMESTIC PRODUCTION DUMPING ELASTICITY ELASTICITY OF SUBSTITUTION EXOGENOUS SHOCKS EXPENDITURE EXPORT GROWTH EXPORTS HOME COUNTRY IMPERFECT SUBSTITUTES IMPORT PENETRATION IMPORT QUOTAS IMPORT TARIFF IMPORT TARIFFS IMPORTS OF TEXTILES INDUSTRY TRADE INTERNATIONAL COMPETITION INTERNATIONAL ECONOMICS INTERNATIONAL TRADE LATIN AMERICAN LEVEL OF PROTECTION MARKET IMPERFECTIONS MARKET PRICE MARKET STRUCTURE MONOPOLISTIC COMPETITION OPEN ECONOMY OPTIMAL TARIFF POLITICAL ECONOMY PREFERENTIAL TRADE PRICE EFFECT PRICE ELASTICITY PROFIT FUNCTIONS PROTECTION FOR SALE PROTECTIONISM PROTECTIONIST BIAS QUANTITATIVE RESTRICTIONS SALE SPECIALIZATION SUBSTITUTION EFFECT SUPPLY SCHEDULES TARIFF BARRIERS TARIFF ON IMPORTS TARIFF REVENUES TARIFF STRUCTURE TARIFF STRUCTURES TARIFFS TRADE DATA TRADE DEFICIT TRADE FLOWS TRADE INTEGRATION TRADE POLICIES TRADE POLICY TRADE PROTECTION TRADING PARTNERS UNSKILLED LABOR UTILITY FUNCTION VECTOR OF TARIFFS WAGE RATE WELFARE FUNCTION WORLD MARKET WORLD MARKETS WORLD TRADE WTO The authors examine the trade policy response of Latin American governments to the rapid growth of China and India in world markets. To explain higher protection in sectors where a large share is imported from these countries, they extend the "protection for sale" model to allow for different degrees of substitutability between domestically produced and imported varieties. The extension suggests that higher levels of protection toward Chinese goods can be explained by high substitutability between domestically produced goods and Chinese goods, whereas lower levels of protection toward goods imported from India can be explained by low substitutability with domestically produced goods. The data support the extension to the "protection for sale" model, which performs better than the original specification in terms of explaining Latin America's structure of protection. 2012-06-04T17:58:07Z 2012-06-04T17:58:07Z 2007-04 http://documents.worldbank.org/curated/en/2007/04/7503699/substitutability-protectionism-latin-americas-trade-policy-imports-china-india http://hdl.handle.net/10986/7014 English Policy Research Working Paper; No. 4188 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean South Asia East Asia and Pacific China India |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ANTIDUMPING APPAREL AVERAGE BENCHMARK CENTRAL AMERICA COMMERCE COMPARATIVE ADVANTAGE COMPETITIVENESS CONSTANT RETURNS TO SCALE CONSUMER SURPLUS CONSUMERS DEMAND FUNCTION DOMESTIC DEMAND DOMESTIC PRODUCTION DUMPING ELASTICITY ELASTICITY OF SUBSTITUTION EXOGENOUS SHOCKS EXPENDITURE EXPORT GROWTH EXPORTS HOME COUNTRY IMPERFECT SUBSTITUTES IMPORT PENETRATION IMPORT QUOTAS IMPORT TARIFF IMPORT TARIFFS IMPORTS OF TEXTILES INDUSTRY TRADE INTERNATIONAL COMPETITION INTERNATIONAL ECONOMICS INTERNATIONAL TRADE LATIN AMERICAN LEVEL OF PROTECTION MARKET IMPERFECTIONS MARKET PRICE MARKET STRUCTURE MONOPOLISTIC COMPETITION OPEN ECONOMY OPTIMAL TARIFF POLITICAL ECONOMY PREFERENTIAL TRADE PRICE EFFECT PRICE ELASTICITY PROFIT FUNCTIONS PROTECTION FOR SALE PROTECTIONISM PROTECTIONIST BIAS QUANTITATIVE RESTRICTIONS SALE SPECIALIZATION SUBSTITUTION EFFECT SUPPLY SCHEDULES TARIFF BARRIERS TARIFF ON IMPORTS TARIFF REVENUES TARIFF STRUCTURE TARIFF STRUCTURES TARIFFS TRADE DATA TRADE DEFICIT TRADE FLOWS TRADE INTEGRATION TRADE POLICIES TRADE POLICY TRADE PROTECTION TRADING PARTNERS UNSKILLED LABOR UTILITY FUNCTION VECTOR OF TARIFFS WAGE RATE WELFARE FUNCTION WORLD MARKET WORLD MARKETS WORLD TRADE WTO |
| spellingShingle |
ANTIDUMPING APPAREL AVERAGE BENCHMARK CENTRAL AMERICA COMMERCE COMPARATIVE ADVANTAGE COMPETITIVENESS CONSTANT RETURNS TO SCALE CONSUMER SURPLUS CONSUMERS DEMAND FUNCTION DOMESTIC DEMAND DOMESTIC PRODUCTION DUMPING ELASTICITY ELASTICITY OF SUBSTITUTION EXOGENOUS SHOCKS EXPENDITURE EXPORT GROWTH EXPORTS HOME COUNTRY IMPERFECT SUBSTITUTES IMPORT PENETRATION IMPORT QUOTAS IMPORT TARIFF IMPORT TARIFFS IMPORTS OF TEXTILES INDUSTRY TRADE INTERNATIONAL COMPETITION INTERNATIONAL ECONOMICS INTERNATIONAL TRADE LATIN AMERICAN LEVEL OF PROTECTION MARKET IMPERFECTIONS MARKET PRICE MARKET STRUCTURE MONOPOLISTIC COMPETITION OPEN ECONOMY OPTIMAL TARIFF POLITICAL ECONOMY PREFERENTIAL TRADE PRICE EFFECT PRICE ELASTICITY PROFIT FUNCTIONS PROTECTION FOR SALE PROTECTIONISM PROTECTIONIST BIAS QUANTITATIVE RESTRICTIONS SALE SPECIALIZATION SUBSTITUTION EFFECT SUPPLY SCHEDULES TARIFF BARRIERS TARIFF ON IMPORTS TARIFF REVENUES TARIFF STRUCTURE TARIFF STRUCTURES TARIFFS TRADE DATA TRADE DEFICIT TRADE FLOWS TRADE INTEGRATION TRADE POLICIES TRADE POLICY TRADE PROTECTION TRADING PARTNERS UNSKILLED LABOR UTILITY FUNCTION VECTOR OF TARIFFS WAGE RATE WELFARE FUNCTION WORLD MARKET WORLD MARKETS WORLD TRADE 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 & Caribbean South Asia East Asia and Pacific China India |
| relation |
Policy Research Working Paper; No. 4188 |
| description |
The authors examine the trade policy
response of Latin American governments to the rapid growth
of China and India in world markets. To explain higher
protection in sectors where a large share is imported from
these countries, they extend the "protection for
sale" model to allow for different degrees of
substitutability between domestically produced and imported
varieties. The extension suggests that higher levels of
protection toward Chinese goods can be explained by high
substitutability between domestically produced goods and
Chinese goods, whereas lower levels of protection toward
goods imported from India can be explained by low
substitutability with domestically produced goods. The data
support the extension to the "protection for sale"
model, which performs better than the original specification
in terms of explaining Latin America's structure of protection. |
| format |
Publications & Research :: Policy Research Working Paper |
| 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, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/04/7503699/substitutability-protectionism-latin-americas-trade-policy-imports-china-india http://hdl.handle.net/10986/7014 |
| _version_ |
1764401745078779904 |