Subtitle
the case of Latin America
Publication Name
Working Paper
Volume, number, page
n.6, pp.1-15.
Year of Publication
2018
Organization Name
BRUEGEL
Publisher
BRUEGEL
City
Brussels
Web Page
Country of Publication
Belgium
Full Date
7 June
Considered Countries
China
Category
Reports
Theme
BILATERAL RELATIONS UE - LAC
Country - European Union
Agreements
Business
Keyword(s)
FTA
Free Trade Agreements
European Union
Latin America
Foreign economy
Exports
Commercial policy
Bilateral trade agreements
Foreign trade policy
Free Trade
Abstract
China’s increasingly important role in the global economy has transformed the nature of global competition and reshaped international trade.
Meanwhile, the European Union has long been the most important power in global trade and continues to run a very large trade surplus. We
address whether China is an increasingly relevant competitor for Europe in third markets, and in particular in Latin America. More specifi cally, we
empirically estimate the elasticity of substitution between European exports and Chinese exports to Latin American economies (ie how their exports to Latin America respond to the changes in relative exporting prices).
Meanwhile, the European Union has long been the most important power in global trade and continues to run a very large trade surplus. We
address whether China is an increasingly relevant competitor for Europe in third markets, and in particular in Latin America. More specifi cally, we
empirically estimate the elasticity of substitution between European exports and Chinese exports to Latin American economies (ie how their exports to Latin America respond to the changes in relative exporting prices).
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