Composition of Trade in Latin America and the Caribbean /

This study analyzes composition of goods trade in Latin America and the Caribbean (LAC) along four main dimensions: revealed comparative advantage, product complexity, sophistication, and diversification. After describing some key trade patterns over the last half century, it compares the findings f...

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Bibliographic Details
Main Author: Ding, Xiaodan
Other Authors: Hadzi-Vaskov, Metodij
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2017.
Series:IMF Working Papers; Working Paper ; No. 2017/042
Online Access:Full text available on IMF
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This study analyzes composition of goods trade in Latin America and the Caribbean (LAC) along four main dimensions: revealed comparative advantage, product complexity, sophistication, and diversification. After describing some key trade patterns over the last half century, it compares the findings for LAC with other regions. Second, the study investigates how infrastructure quality, education, and tariff levels affect export composition. Third, using an approach based on product proximity, it aims to predict changes in LAC's future composition of exports. The study concludes that policies to upgrade human capital and infrastructure are essential for increasing LAC's export share in high-skill products. 
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700 1 |a Hadzi-Vaskov, Metodij. 
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