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GTAP Resources: Resource Display

GTAP Resource #6396

"Does China’s business matter to South America?"
by Perobelli, Fernando, Vinicius Vale and Guilherme Perobelli

The imports from China by South American countries have been increased significantly in the last decade. From the consumers’ perspective, it represents a benefit since there have been more low-cost goods available. However, from the producers' perspective, the import penetration increases the competition and it has been led to a substitution effect in favor of Chinese goods. In this context, this paper aims to explore the channels of interactions between China and South American countries. We explore the changes in China's traded goods prices through a global computable general equilibrium (GTAP) which considers some South American countries (Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay, and Venezuela), China, and Rest of the World. The paper contributes to the debate by implementing a systemic analysis considering the impacts of the Chinese expansion on the productive structure and export specialization, dealing with the complementarity between the exports of primary products - especially concentrated in iron ore, copper, and soybeans - and diversified import of industrial goods. We observe that there is an unbalanced relationship between China and South America and that China can compete with South American countries in a third country situation, mainly in European Union and the United States.

Resource Details (Export Citation) GTAP Keywords
Category: 2021 Conference Paper
Status: Not published
By/In: Presented during the 24th Annual Conference on Global Economic Analysis (Virtual Conference)
Date: 2021
Created: Vale, V. (4/15/2021)
Updated: Vale, V. (6/23/2021)
Visits: 882
- Asia (East)
- South America

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