Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5074038 | Geoforum | 2014 | 11 Pages |
Abstract
We identify a tendency towards increased export specialization that is linked in part to high volatility of both GDP growth and export growth. There is also evidence of a growing dependence of Chilean regional economies on export trade. The 1991-2010 period covered by the analysis provides evidence of how external factors, such as high commodity prices and low US dollar exchange rates, foster specialization and weaken non-mineral exports in relative terms, especially in the highly specialized mineral-based regions of Chile. This result is consistent with the application of the Dutch disease thesis on a regional scale. Our analysis also shows the negative short-term effect of an external demand crisis on the mineral export sector and on highly specialized regions. The article concludes by emphasizing the need for a regional perspective on exports and on the effects of external factors within the country.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Johannes Rehner, Sebastián A. Baeza, Jonathan R. Barton,