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The Growth of China and India in World Trade : Opportunity or Threat for Latin America and the Caribbean?

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dc.contributor.authorOlarreaga, Marcelo
dc.contributor.authorLederman, Daniel
dc.contributor.authorSoloaga, Isidro
dc.date.accessioned2012-06-06T19:03:42Z
dc.date.available2012-06-06T19:03:42Z
dc.date.issued2007-08
dc.description.abstractThis paper studies the relationship between the growth of China and India in world merchandise trade and Latin American and Caribbean commercial flows from two perspectives. First, the authors focus on the opportunity that China and India's markets have offered Latin American and Caribbean exporters during 2000-2004. Second, empirical analyses examine the partial correlation between Chinese and Indian bilateral trade flows and Latin American and Caribbean trade with third markets. Both analyses rely on the gravity model of international trade. Econometric estimations that control for the systematic correlation between expected bilateral trade volumes and the size of their regression errors, as well as importer and exporter fixed effects and year effects, provide consistent estimates of the relevant parameters for different groups of countries in Latin America and the Caribbean. Results suggest that the growth of the two Asian markets has produced large opportunities for Latin American and Caribbean exporters, which nevertheless have not been fully exploited. The evidence concerning the effects of Chinese and Indian trade with third markets is not robust, but there is little evidence of negative effects on Latin American and Caribbean exports of non-fuel merchandise. In general, China's and to a large extent India's growing presence in world trade has been good news for Latin America and the Caribbean, but some of the potential benefits remain unexploited.en
dc.identifierhttp://documents.worldbank.org/curated/en/2007/08/8092215/growth-china-india-world-trade-opportunity-or-threat-latin-america-caribbean
dc.identifier.doi10.1596/1813-9450-4320
dc.identifier.urihttps://hdl.handle.net/10986/7307
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper No. 4320
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABSOLUTE VALUE
dc.subjectAGGREGATE TRADE
dc.subjectAGRICULTURE
dc.subjectBILATERAL IMPORTS
dc.subjectBILATERAL TRADE
dc.subjectCENTRAL AMERICA
dc.subjectCOMMODITY PRICES
dc.subjectCOMPETITIVENESS
dc.subjectCONTROL VARIABLE
dc.subjectCOUNTRY DUMMIES
dc.subjectCOVARIANCE MATRIX
dc.subjectDEMAND ELASTICITIES
dc.subjectDEMAND ELASTICITY
dc.subjectDEMAND GROWTH
dc.subjectDEMAND SHOCKS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDUMMY VARIABLE
dc.subjectDUMMY VARIABLES
dc.subjectECONOMETRIC ESTIMATES
dc.subjectECONOMETRIC EVIDENCE
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC SIZE
dc.subjectELASTICITY
dc.subjectEXPECTED VALUE
dc.subjectEXPLANATORY VARIABLES
dc.subjectEXPORT GROWTH
dc.subjectEXPORT MARKETS
dc.subjectEXPORT OPPORTUNITIES
dc.subjectEXPORTER
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectFACTOR ENDOWMENTS
dc.subjectFEDERAL RESERVE
dc.subjectFEDERAL RESERVE SYSTEM
dc.subjectFIXED EFFECTS
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL FACTORS
dc.subjectGLOBAL TRADE
dc.subjectGRAVITY APPROACH
dc.subjectGRAVITY EQUATION
dc.subjectGRAVITY FRAMEWORK
dc.subjectGRAVITY MODEL
dc.subjectGRAVITY MODELS
dc.subjectGRAVITY VARIABLES
dc.subjectGROWTH RATE
dc.subjectIMPORT DEMAND
dc.subjectINDUSTRY TRADE
dc.subjectINEQUALITY
dc.subjectINTERMEDIATE INPUTS
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL PRODUCTION
dc.subjectINTERNATIONAL TRADE
dc.subjectLATIN AMERICAN
dc.subjectMACROECONOMIC CRISES
dc.subjectMARGINAL PROPENSITY TO IMPORT
dc.subjectMARKET SHARE
dc.subjectMARKETING
dc.subjectMERCHANDISE
dc.subjectMERCHANDISE EXPORTS
dc.subjectMERCHANDISE TRADE
dc.subjectMULTINATIONAL ENTERPRISES
dc.subjectPOLITICAL ECONOMY
dc.subjectPOSITIVE EFFECTS
dc.subjectPRICE INDEX
dc.subjectPRODUCER PRICE
dc.subjectPRODUCER PRICE INDEX
dc.subjectRAPID GROWTH
dc.subjectRATE OF GROWTH
dc.subjectREGIONALISM
dc.subjectSPECIALIZATION
dc.subjectSUBSTITUTION
dc.subjectSUBSTITUTION EFFECT
dc.subjectSUPPLY CAPACITY
dc.subjectSUPPLY RESPONSE
dc.subjectTELECOMMUNICATIONS
dc.subjectTERMS OF TRADE
dc.subjectTHIRD MARKET
dc.subjectTHIRD MARKETS
dc.subjectTOTAL EXPORTS
dc.subjectTRADE DATA
dc.subjectTRADE DEFICIT
dc.subjectTRADE EFFECTS
dc.subjectTRADE FLOWS
dc.subjectTRADE POLICIES
dc.subjectTRADE STATISTICS
dc.subjectTRADE SURPLUS
dc.subjectTRADE VOLUMES
dc.subjectTRADING PARTNER
dc.subjectTRADING PARTNERS
dc.subjectTRANSPORT COSTS
dc.subjectTRINIDAD AND TOBAGO
dc.subjectUNCERTAINTY
dc.subjectVALUE ADDED
dc.subjectWEIGHTS
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.subjectWORLD MARKETS
dc.subjectWORLD TRADE
dc.titleThe Growth of China and India in World Trade : Opportunity or Threat for Latin America and the Caribbean?en
dspace.entity.typePublication
okr.crossref.titleThe Growth Of China And India In World Trade : Opportunity Or Threat For Latin America And The Caribbean?
okr.date.doiregistration2025-04-10T10:32:18.474189Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2007/08/8092215/growth-china-india-world-trade-opportunity-or-threat-latin-america-caribbean
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid175441468023929420
okr.identifier.doi10.1596/1813-9450-4320
okr.identifier.externaldocumentum000158349_20070814104424
okr.identifier.internaldocumentum8092215
okr.identifier.reportWPS4320
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/08/14/000158349_20070814104424/Rendered/PDF/wps4320.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.administrativeSouth Asia
okr.region.administrativeEast Asia and Pacific
okr.region.countryIndia
okr.region.countryChina
okr.topicInternational Economics and Trade::Free Trade
okr.topicInternational Economics and Trade::Trade Policy
okr.topicEconomic Theory and Research
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicMacroeconomics and Economic Growth::Markets and Market Access
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublication2c812f70-403a-5905-88e4-bd90a5f31e96
relation.isAuthorOfPublication.latestForDiscovery2c812f70-403a-5905-88e4-bd90a5f31e96
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
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