Chile: Trade Performance, Trade Liberalization, and Competitiveness

May 1, 2008

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Format: Chicago

Brieuc Monfort. Chile: Trade Performance, Trade Liberalization, and Competitiveness, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper analyses the evolution of Chile's trade between 1990 and 2007, studying in particular the impact of trade liberalization in addition to traditional price and demand determinants. The results show that export and import flows are mainly responsive to external and domestic demand, and less so to relative prices, although there is a small impact on imports. In addition, the analysis suggests that trade liberalization may have played a role in increasing exports and imports. Estimations of trade elasticities for other countries in Latin America tend to confirm the results found for Chile.

Subject: Demand elasticity, Exports, Imports, Real effective exchange rates, Trade liberalization

Keywords: Demand, Elasticity, Export, Import, Trade, WP

Publication Details

Pages:

33
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2008/128
Stock No:

WPIEA2008128
ISBN:

9781451869873
ISSN:

1018-5941

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