South-South trade and South-North trade: which contributes more to development in Asia and South America? Insights from estimating income elasticities of import demand

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cepal.articleNo7
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/G.2676-P
cepal.docTypeRevistas
cepal.jelCodeF14
cepal.jelCodeF15
cepal.jelCodeO11
cepal.jelCodeO19
cepal.jobNumberRVI118_Bernhardt
cepal.physicalDescriptiongráficos., tablas.
cepal.regionalOfficeSantiago
cepal.sdg10
cepal.sdg1
cepal.sdg8
cepal.sdg17
cepal.topicEngECONOMIC GROWTH
cepal.topicEngINTERNATIONAL TRADE
cepal.topicEngSOUTH-SOUTH TRADE
cepal.topicSpaCOMERCIO INTERNACIONAL
cepal.topicSpaCOMERCIO SUR-SUR
cepal.topicSpaCRECIMIENTO ECONÓMICO
cepal.workareaEngINTERNATIONAL TRADE AND INTEGRATION
cepal.workareaSpaCOMERCIO INTERNACIONAL E INTEGRACIÓN
dc.contributor.authorBernhardt, Thomas
dc.coverage.spatialEngASIA
dc.coverage.spatialEngSOUTH AMERICA
dc.coverage.spatialSpaAMERICA DEL SUR
dc.coverage.spatialSpaASIA
dc.date.accessioned2016-08-09T14:36:37Z
dc.date.available2016-08-09T14:36:37Z
dc.date.issued2016-04
dc.description.abstractThe experience of the global economic crisis led developing countries to intensify the diversification of sources of growth, seeking alternative models of economic development. The expansion of South-South trade assumed greater significance in the context of this search. Yet how promising a strategy is this? In attempting to answer this question, this paper documents the evolution of South-South trade and puts forward some theoretical considerations. It then undertakes an econometric analysis to estimate the income elasticities of import demand in bilateral trade relationships among developing Asian and South American countries and two key Northern markets. On applying an ARDL model, the analysis yields mixed results in terms of whether South-South trade presents higher income elasticities than South-North trade. Still, the findings show that South-South trade can be an alternative source of growth, especially if South-North income and import growth differentials persist.
dc.formatTexto
dc.format.extentpáginas. 97-11
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/G.2676-P
dc.identifier.urihttps://hdl.handle.net/11362/40426
dc.language.isoeng
dc.physicalDescriptionp. 97-114; grafs., tabls.
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo118
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.translationLanguagespa
dc.relation.translationRecordEl comercio Sur-Sur y Sur-Norte: ¿cuál contribuye más al desarrollo de Asia y América del Sur? Ideas a partir de la estimación de elasticidades-ingreso de la demanda de importaciones
dc.relation.translationUrihttps://hdl.handle.net/11362/40032
dc.rights.coarDisponible
dc.subject.unbisEngSOUTH-SOUTH TRADE
dc.subject.unbisEngECONOMIC DEVELOPMENT
dc.subject.unbisEngINCOME
dc.subject.unbisSpaCOMERCIO SUR-SUR
dc.subject.unbisSpaDESARROLLO ECONOMICO
dc.subject.unbisSpaINGRESOS
dc.titleSouth-South trade and South-North trade: which contributes more to development in Asia and South America? Insights from estimating income elasticities of import demand
dc.type.coarartículo
dspace.entity.typePublication
relation.isAuthorOfPublication52d19d99-ce94-4ecd-8018-b0e915bf2f08
relation.isAuthorOfPublication.latestForDiscovery52d19d99-ce94-4ecd-8018-b0e915bf2f08
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