Trade elasticities in Mercosur

This paper provides estimates of trade elasticities for a group of countries that are part of Mercosur using a model of error correction. The results show a low elasticity of exported and imported volumes to changes in the real effective exchange rate. The income elasticity of imports is higher with...

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Autor principal: Albornoz, Maximiliano
Formato: Artículo publishedVersion
Lenguaje:Español
Publicado: 2019
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Acceso en línea:http://bibliotecadigital.econ.uba.ar/econ/collection/rimf/document/rimf_v8_n1_02
https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=modelfin&d=rimf_v8_n1_02_oai
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spelling I28-R145-rimf_v8_n1_02_oai2025-02-11 Albornoz, Maximiliano 2019 This paper provides estimates of trade elasticities for a group of countries that are part of Mercosur using a model of error correction. The results show a low elasticity of exported and imported volumes to changes in the real effective exchange rate. The income elasticity of imports is higher with respect to the income elasticity of exports in two of the four countries. Real effective exchange rate volatility has a negative effect on trade volumes with the greatest impact on imports. Este trabajo provee estimaciones de elasticidades de comercio para un grupo de países que son parte del Mercosur usando un modelo de corrección de errores. Los resultados muestran una baja elasticidad de los volúmenes exportados e importados a cambios en el tipo de cambio real efectivo. La elasticidad ingreso de las importaciones es más alta con respecto a la elasticidad ingreso de las exportaciones en dos de los cuatro países. La volatilidad del tipo de cambio real efectivo tiene un efecto negativo sobre los volúmenes comerciales con mayor impacto sobre las importaciones. Fil: Albornoz, Maximiliano. Universidad Nacional del Oeste. application/pdf rimf_v8_n1_02 http://bibliotecadigital.econ.uba.ar/econ/collection/rimf/document/rimf_v8_n1_02 spa info:eu-repo/semantics/openAccess http://creativecommons.org/licenses/by/2.5/ar/ Rev. investig. modelos financ. Vol. 08, Nro. 01 (2019), p. 23-40 Exportaciones Importaciones Tipo de cambio real Elasticidades Trade elasticities in Mercosur info:eu-repo/semantics/article info:ar-repo/semantics/artículo info:eu-repo/semantics/publishedVersion https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=modelfin&d=rimf_v8_n1_02_oai
institution Universidad de Buenos Aires
institution_str I-28
repository_str R-145
collection Repositorio Digital de la Universidad de Buenos Aires (UBA)
language Español
orig_language_str_mv spa
topic Exportaciones
Importaciones
Tipo de cambio real
Elasticidades
spellingShingle Exportaciones
Importaciones
Tipo de cambio real
Elasticidades
Albornoz, Maximiliano
Trade elasticities in Mercosur
topic_facet Exportaciones
Importaciones
Tipo de cambio real
Elasticidades
description This paper provides estimates of trade elasticities for a group of countries that are part of Mercosur using a model of error correction. The results show a low elasticity of exported and imported volumes to changes in the real effective exchange rate. The income elasticity of imports is higher with respect to the income elasticity of exports in two of the four countries. Real effective exchange rate volatility has a negative effect on trade volumes with the greatest impact on imports.
format Artículo
Artículo
publishedVersion
author Albornoz, Maximiliano
author_facet Albornoz, Maximiliano
author_sort Albornoz, Maximiliano
title Trade elasticities in Mercosur
title_short Trade elasticities in Mercosur
title_full Trade elasticities in Mercosur
title_fullStr Trade elasticities in Mercosur
title_full_unstemmed Trade elasticities in Mercosur
title_sort trade elasticities in mercosur
publishDate 2019
url http://bibliotecadigital.econ.uba.ar/econ/collection/rimf/document/rimf_v8_n1_02
https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=modelfin&d=rimf_v8_n1_02_oai
work_keys_str_mv AT albornozmaximiliano tradeelasticitiesinmercosur
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