Format:
1 online resource (354 pages)
ISBN:
9780821373095
,
0821373099
,
9780821373088
,
0821373080
Series Statement:
Latin American Development Forum
Content:
The economic successes of China and India are viewed with admiration but also with concern because of the effects that the growth of these Asian economies may have on the Latin American and Caribbean (LAC) region. The evidence in China's and India's Challenge to Latin America indicates that certain manufacturing and service industries in some countries have been negatively affected by Chinese and Indian competition in third markets and that LAC imports from China and India have been associated with modest unemployment and adjustment costs in manufacturing industries. The book also provides substantial evidence of positive aggregate effects for LAC economies associated with China's and India's greater presence in world exports, financial flows, and innovation. Chinese and Indian growth is creating new production possibilities for LAC economies, particularly in sectors that rely on natural resources and scientific knowledge.
Content:
Cover -- Title Page -- Contents -- Latin American Development Forum Series -- Other Titles in the Latin American Development Forum Series -- About the Contributors -- Foreword -- Acknowledgments -- Abbreviations -- PART 1 Introduction -- CHAPTER 1 Latin America's Response to China and India: Overview of Research Findings and Policy Implications -- Motivation and Summary of Findings -- The Growth of China and India Is Not a Zero-Sum Game for LAC -- Trade -- FDI and Financial Flows -- The Negative Impacts of Chinese and Indian Competition on Some Industries and Countries -- Factor Adjustments and Specialization Patterns -- Policy Implications -- Notes -- References -- PART 2 The Growth of China and India Is Not a Zero-Sum Game for Latin America and the Caribbean: Short- and Long-Term Effects -- CHAPTER 2 Trade, Specialization, and Cycle Synchronization: Explaining Output Comovement between Latin America, China, and India -- Introduction -- Theoretical Insights -- Data and Methodology -- The Data -- Empirical Strategy -- Empirical Evaluation -- Descriptive Statistics -- Business cycle synchronization -- Trade integration -- Specialization in production and foreign trade -- Correlation Analysis -- Regression Analysis -- Estimates for the baseline regression -- Controlling for endogeneity in trade intensity -- Instrumental variables (IV) estimation -- Explaining Changes in Output Correlation of LAC Countries with China and India -- Business Cycle Synchronization between LAC and China -- Business Cycle Synchronization between LAC and India -- Conclusion -- Annex -- Notes -- References -- CHAPTER 3 The Growth of China and India in World Trade: Opportunity or Threat for Latin America and the Caribbean? -- Introduction -- Empirical Models -- The Growth of Chinese and Indian Bilateral Trade with LAC.
Note:
Description based on publisher supplied metadata and other sources
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Contents; Foreword; Acknowledgments; Abbreviations; PART I: Introduction; Box 1.1 Public Opinion in LAC about China's Growth; Figure 1.1 LAC, China, and India: Output Comovement (10-Year-Rolling Correlations), 1981-2003; Figure 1.2 Explaining the Rising Output Correlation between LAC and China, 1995-2004 versus 1985-94; Figure 1.3 LAC's Comparative Advantage in Natural-Resource-Intensive Products, 1990; Figure 1.4 China and India: Impact on Commodity Prices, December 2001-December 2005; Figure 1.5 Share of China in World Markets: Selected Commodities, 1990 and 2004
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Figure 1.6 China's and India's Contribution to Growth in World Demand: Selected Commodities, 1990-2004Figure 1.7 Share of LAC Exports to China and India, 1990 and 2004; Table 1.1 Impact of China's (and LAC's) GDP Growth on LAC's Non-Fuel Exports to China; Table 1.2 OECD, U.S., and U.S. Manufacturing Stocks of FDI in LAC Relative to Stock of FDI in China and India, Controlling for Host-Country Economic Size, 2003; Table 1.3 Counterfactual Decomposition of Latin American Export Growth; Figure 1.8 Imports of Services by the United States, by Subregion, 1994-2004
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Figure 1.9 Relative Export Prices of Apparel, 1989-2004Figure 1.10 Is LAC Competing in the Same Products as China and India? (1990-2004); Figure 1.11 Share of China and India in Latin American Imports, 1990 versus 2004; PART II: The Growth of China and India Is Not a Zero-Sum Game for Latin America and the Caribbean: Short- and Long-Term Effects; Figure 2.1 Output Comovement: 10-Year Window Rolling Correlations; Figure 2.2 China and India: Impact on Commodity Prices, December 2001-December 2005; Figure 2.3 Trade Integration of LAC with China and India, 1985-2004; Table 2.1 Basic Statistics
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Figure 2.4 Intra-Industry Trade in Latin America with China and India, 1985-2004Figure 2.5 Asymmetries in Production Structures in Latin America Relative to China and India, 1985-2004; Figure 2.6 Asymmetries in the Structure of Exports in Latin America Relative to China and India, 1985-2004; Figure 2.7 Asymmetries in the Structure of Imports in Latin America Relative to China and India, 1985-2004; Figure 2.8 Export Similarity Index between Latin America, India, and China with Respect to the U.S. Market, 1985-2004; Table 2.2 Correlation Analysis; Table 2.3 Baseline Regression: Least Squares
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Table 2.4 First Stage Regressions: Gravity Model of Bilateral TradeTable 2.5 Baseline Regression: Instrumental Variables (IV) Estimation; Table 2.6 Augmented Regression: Instrumental Variables (IV) Estimation; Table 2.7 Effects on Business Cycle Synchronization of Higher Integration with China and India; Table 2.8 Explaining Changes in Output Correlation for Latin America and the Caribbean with Respect to China; Table 2.9 Explaining Changes in Output Correlation for Latin America and the Caribbean with Respect to India
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Figure 2.9 Contribution of Trade Integration, Output Specialization, and Demand Spillovers to Predicted Changes in Output Correlation, 1995-2004 Compared with 1985-94
Additional Edition:
ISBN 9780821373088
Additional Edition:
Erscheint auch als Druck-Ausgabe ISBN 9780821373088
Language:
English
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