Intraindustrial trade of the Andean community: analysis of the role of Venezuela (1996-2009)

Authors

  • María Gabriela Ramos Barrera Universidad de los Andes Merida
  • Luis A. Toro G. Universidad de los Andes Merida

Abstract

Between 1996 and 2009 the index of intra-industry trade of the Andean Community (CAN) was ranked in 24%. This index is composed by two stages. It allowed the measurement of the impact that the withdrew of Venezuela to the Cartagena treaty had to the trade flows of the CAN.

The machines and transportation equipment industry presented the largest volume of intraindustry exchange. On the other hand, oils, waxes and fats showed the lowest level of exchange. After Venezuela withdrew from the CAN, all industries except the chemical experienced an increase of intra-industrial trade. In addition, the transportation cost and the appreciation of the currency proved to have a crucial role in the growth of the CAN’s trade. Finally, this study showed that the trade and the socio-economic structure of a country play a key role in intra-industry trade.

Author Biographies

  • María Gabriela Ramos Barrera, Universidad de los Andes Merida

    Economista, Magister en Economía especializada en Métodos Cuantitativos de la Universidad de Los Andes
    (Mérida, Venezuela). Analista de Inversión en la firma RC Consultoría Financiera C.A. E-mail: ramosbarrera.mg@gmail.com

  • Luis A. Toro G., Universidad de los Andes Merida

    Economista, M.A en Economía Internacional (University of San Francisco, California, EE.UU.). Profesor Titular de la Facultad de Ciencias Económicas y Sociales de la Universidad de los Andes (Mérida, Venezuela). Investigador Principal del Grupo de Integracion Regional (GRUDIR). E-mail: luistoro@gmail.com

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Published

2012-06-20

Issue

No. 26 (18): South American integration: diverse dimensions

Section

Opinión

License

Obras bajo licencia CC-BY-NC-ND

Esta licencia no permite la generación de obras derivadas ni hacer un uso comercial de la obra original, es decir, sólo son posibles los usos y finalidades que no tengan carácter comercial. 

How to Cite

Ramos Barrera, M. G., & Toro G., L. A. (2012). Intraindustrial trade of the Andean community: analysis of the role of Venezuela (1996-2009). Revista Aportes Para la Integración Latinoamericana, 26, 59-90. https://revistas.unlp.edu.ar/aportes/article/view/3428