Where China Meets Latin America: Implications For Economic Growth
Jaime Ortiz, Haibo Wang
Available Online October 2013.
- https://doi.org/10.2991/iaw-sc.2013.106How to use a DOI?
- trade dynamic; international business; competitive equilibrium; profit function
- 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.
- 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 -