Composition of Trade in Latin America and the Caribbean

Author/Editor:

Xiaodan Ding ; Metodij Hadzi-Vaskov

Publication Date:

March 9, 2017

Electronic Access:

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Summary:

This study analyzes composition of goods trade in Latin America and the Caribbean (LAC) along four main dimensions: revealed comparative advantage, product complexity, sophistication, and diversification. After describing some key trade patterns over the last half century, it compares the findings for LAC with other regions. Second, the study investigates how infrastructure quality, education, and tariff levels affect export composition. Third, using an approach based on product proximity, it aims to predict changes in LAC’s future composition of exports. The study concludes that policies to upgrade human capital and infrastructure are essential for increasing LAC’s export share in high-skill products.

Series:

Working Paper No. 17/42

Subject:

English

Publication Date:

March 9, 2017

ISBN/ISSN:

9781475585490/1018-5941

Stock No:

WPIEA2017042

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

44

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