Work

Export boom and re-primarisation: determining factors of a new export era in Latin American economic history

Year: 2024

Type: article

Abstract: The objective of this article is to explain the characteristics of the agri-food exporting boom experienced by the Latin American countries between 1994 and 2019 and its determining factors. In so doing, we analyse the evolution of exports, their composition by product, the principal origins and destinations, the importance of regional trade agreements and the behaviour of export prices. Furthermore, a series of gravity models are estimated, using the agri-food exports of nineteen Latin American countries to their 186 main trading partners between 1994 and 2019. These models are estimated for total agri-food exports and for their breakdown into three product groups. Among the main determinants identified, our results suggest that external demand and the proliferation of regional trade agreements were the primary reasons for this export boom. Finally, we evaluate these results within the context of the region's economic history.

Source: Revista de Historia Económica / Journal of Iberian and Latin American Economic History

DOI: 10.1017/s021261092400020x

Authors: María-Isabel Ayuda, Ignacio Belloc, Vicente Pinilla

Institution: Universidad de Zaragoza

Language: English

Topic: Global trade and economics

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Zero hunger, Decent work and economic growth

Open Access status: hybrid

Estimated APC paid: $3,450