Is The Answer in The East? Trade Agreements with East Asia as an Opportunity for Latin American Exports: The Case of Chile

Autor: Jorge de Jesús Cañizares Arévalo, Maribel Cárdenas García, Claudia Marcela Durán Chinchilla
Jazyk: English<br />Spanish; Castilian<br />Portuguese
Rok vydání: 2024
Předmět:
Zdroj: Revista Facultad de Ciencias Económicas, Vol 32, Iss 1 (2024)
Druh dokumentu: article
ISSN: 0121-6805
1909-7719
DOI: 10.18359/rfce.7091
Popis: Trade Agreements (TAs) are instruments crafted and implemented by policymakers with the aim of enhancing trade between countries or regions/economic blocs. In this study, a gravity model was utilized to estimate the effects within a panel of 165 countries, examining Chilean exports across total, agricultural, and manufacturing sectors. The findings largely align with theoretical expectations: the presence of FTAs tends to bolster Chile’s exports to partner nations, with a more pronounced effect observed for FTAs. Notably, FTAs with South Korea, China, and Japan have facilitated trade growth exceeding the average increase, both across total exports and within the manufacturing sector. Additionally, the FTA with South Korea has shown significant growth in agricultural exports compared to exports to other countries.
Databáze: Directory of Open Access Journals