International specialization models in Latin America: the case of Argentina

Paola Caselli () and Andrea Zaghini
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Paola Caselli: Bank of Italy

No 558, Temi di discussione (Economic working papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: The paper compares the Argentine specialization model with that of the other major Latin American countries. Given the lack of production data at disaggregate level, we rely on trade flow information from the WTA Statistics Canada database (3-digit SITC classification), available for most Latin American countries for a rather long time span (1980-2000). Our analysis, based on the Lafay Index of international specialization, shows that Argentina concentrates its comparative advantages in raw materials, agricultural and food products and exhibits, at the same time, serious deficiencies in the production of manufactures. This specialization pattern has remained remarkably stable over the last two decades, in spite of the major reforms implemented in many different fields. These features are shared with the other major Latin American countries, with the notable exception of Mexico, whose comparative advantages have changed dramatically in the same period, from raw materials (essentially oil) towards manufactures. Moreover, the products in which Argentina is specialized are among those for which world demand growth is structurally lower; this could eventually lead to a decreasing weight of Argentina in international markets.

Keywords: International trade; specialization model; revealed comparative advantages (search for similar items in EconPapers)
JEL-codes: E23 F14 F15 (search for similar items in EconPapers)
Date: 2005-06
New Economics Papers: this item is included in nep-lam and nep-mac
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Citations: View citations in EconPapers (8)

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