Proceedings of the 2013 International Academic Workshop on Social Science

Where China Meets Latin America: Implications For Economic Growth

Authors
Jaime Ortiz, Haibo Wang
Corresponding Author
Jaime Ortiz
Available Online October 2013.
DOI
https://doi.org/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.
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Proceedings
International Academic Workshop on Social Science (IAW-SC-13)
Part of series
Advances in Intelligent Systems Research
Publication Date
October 2013
ISBN
978-90-78677-84-0
ISSN
1951-6851
DOI
https://doi.org/10.2991/iaw-sc.2013.106How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

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  - International Academic Workshop on Social Science (IAW-SC-13)
PB  - Atlantis Press
SP  - 478
EP  - 482
SN  - 1951-6851
UR  - https://doi.org/10.2991/iaw-sc.2013.106
DO  - https://doi.org/10.2991/iaw-sc.2013.106
ID  - Ortiz2013/10
ER  -