Willmann, Gerald
Substitutability and Protectionism Latin America's Trade Policy and Imports From China and India / Willmann, Gerald [electronic resource] : Willmann, Gerald - Washington, D.C., The World Bank, 2007 - 1 online resource (33 p.) - Policy research working papers. World Bank e-Library. .
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.
10.1596/1813-9450-4188
Consumption
Currencies and Exchange Rates
Debt Markets
Demands
Domestic Prices
Economic Growth
Economic Theory and Research
Economies
Emerging Markets
Equilibrium
Exogenous Shocks
Export Growth
Finance and Financial Sector Development
Fixed Effects
Free Trade
Globalization and Financial Integration
Import
Imports
International Economics & Trade
International Trade and Trade Rules
Macroeconomics and Economic Growth
Markets and Market Access
Political Economy
Private Sector Development
Public Sector Development
Quotas
Rapid Growth
Tariff Barriers
Trade Defic Trade Integration
Trade Policies
Trade Policy
Weight
World Markets
Substitutability and Protectionism Latin America's Trade Policy and Imports From China and India / Willmann, Gerald [electronic resource] : Willmann, Gerald - Washington, D.C., The World Bank, 2007 - 1 online resource (33 p.) - Policy research working papers. World Bank e-Library. .
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.
10.1596/1813-9450-4188
Consumption
Currencies and Exchange Rates
Debt Markets
Demands
Domestic Prices
Economic Growth
Economic Theory and Research
Economies
Emerging Markets
Equilibrium
Exogenous Shocks
Export Growth
Finance and Financial Sector Development
Fixed Effects
Free Trade
Globalization and Financial Integration
Import
Imports
International Economics & Trade
International Trade and Trade Rules
Macroeconomics and Economic Growth
Markets and Market Access
Political Economy
Private Sector Development
Public Sector Development
Quotas
Rapid Growth
Tariff Barriers
Trade Defic Trade Integration
Trade Policies
Trade Policy
Weight
World Markets