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Latin American Export Specialization and Growth: An Inquiry into the Nature of Product Competition between Different Exporters

Author

Listed:
  • Jorge Chami Batista

    (Research Institute for Economics & Business Administration (RIEB), Kobe University, Japan)

Abstract

Given Latin America general specialization in resource-based products, this paper focus on the question as to whether or not it is possible for a country specialized in resource-based products to have high rates of export and growth. To do that, an attempt is made to develop and apply a new taxonomy to a sample of resource-based products exported by Latin American countries to the US. This taxonomy is based on the role played by prices in the mechanism through which countries compete in specific international product markets. Resource-based products are then classified as homogeneous, differentiated or highly-differentiated goods. The paper argues that exports of countries specialized in differentiated or highly-differentiated goods tend to be much more dynamic than of those specialized in homogeneous goods.

Suggested Citation

  • Jorge Chami Batista, 2003. "Latin American Export Specialization and Growth: An Inquiry into the Nature of Product Competition between Different Exporters," Discussion Paper Series 146, Research Institute for Economics & Business Administration, Kobe University.
    • Handle: RePEc:kob:dpaper:146
    as

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    File URL: https://www.rieb.kobe-u.ac.jp/academic/ra/dp/English/dp146.pdf
    File Function: First version, 2003
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    References listed on IDEAS

    as
    1. Carlin, Wendy & Glyn, Andrew & Van Reenen, John, 2001. "Export Market Performance of OECD Countries: An Empirical Examination of the Role of Cost Competitiveness," Economic Journal, Royal Economic Society, vol. 111(468), pages 128-162, January.
    2. Yang, Jiawen, 1998. "Pricing-to-market in U.S. imports and exports: A time series and cross-sessional study," The Quarterly Review of Economics and Finance, Elsevier, vol. 38(4), pages 843-861.
    3. Mani, Sunil, 2000. "Exports of High Technology Products from Developing Countries: Is it Real or a Statistical Artifact?," UNU-INTECH Discussion Paper Series 2000-01, United Nations University - INTECH.
    4. Sanjaya Lall, 2000. "The Technological Structure and Performance of Developing Country Manufactured Exports, 1985-98," Oxford Development Studies, Taylor & Francis Journals, vol. 28(3), pages 337-369.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Trade specialization; Export growth; Resource-based goods; Law of one price; Homogeneous goods and differentiated goods;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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