Where China Meets Latin America: Implications For Economic Growth

DOI

10.2991/iaw-sc.2013.106How to use a DOI?

Keywords

trade dynamic; international business; competitive equilibrium; profit function

Abstract

This paper examines the sources of economic growth for a group of Latin American countries in relation to their export performance in China. The analytical framework is based on an extended normalized quadratic profit function. The ensuing econometric results confirm that a favorable export record with China represents a positive source of growth for Latin America. However, it also creates long-run dependability conditions in terms of reduced prices and thinner profits that weaken its growth capacity. Latin American countries must seek product diversification away from their current commodity base and aggressively climb up the value chain to remain competitive worldwide.

Copyright

© 2013, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Jaime Ortiz
AU  - Haibo Wang
PY  - 2013/10
DA  - 2013/10
TI  - Where China Meets Latin America: Implications For Economic Growth
BT  - Proceedings of the 2013 International Academic Workshop on Social Science
PB  - Atlantis Press
SP  - 478
EP  - 482
SN  - 1951-6851
UR  - https://doi.org/10.2991/iaw-sc.2013.106
DO  - 10.2991/iaw-sc.2013.106
ID  - Ortiz2013/10
ER  -