Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/109542 
Year of Publication: 
2009
Series/Report no.: 
ADB Working Paper Series on Regional Economic Integration No. 39
Publisher: 
Asian Development Bank (ADB), Manila
Abstract: 
This paper explores the relationship between preferential and multilateral trade liberalization at the sectoral level using a unique dataset that includes data on most favored nation (MFN) and bilateral preferential tariffs at the 4-digit ISIC level for 11 Latin American countries over the period 1985–2005. We find evidence of heterogeneity across sectors. While in some industries, complementary effects between both kinds of trade liberalization are observed, in others no significant links are detected and—in a few cases—even substitutability seems to prevail. Variation across sectors appears to be systematically related to both import demand elasticities and countries’ sectoral comparative advantages.
Subjects: 
Trade liberalization
regionalism
Latin America
JEL: 
C20
F13
F14
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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