Description: The Impact of Trade with China and India on Argentina's Manufacturing Employment

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The Impact of Trade with China and India on Argentina's Manufacturing Employment

For many in Latin America, the increasing participation of China and India in international markets is seen as a looming shadow of two "mighty giants" on the region's manufacturing sector. Are they really mighty giants when it comes...

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Bibliographic Details
Main Authors:	Castro, Lucio, Olarreaga, Marcelo, Saslavsky, Daniel
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	AGGREGATE PRODUCTIVITY APPAREL CAPITAL ACCUMULATION CAPITAL STOCK CHANGES IN TRADE COBB-DOUGLAS PRODUCTION FUNCTION COMPARATIVE ADVANTAGE COMPARATIVE ANALYSIS CONSTRUCTION CURRENCY DEMAND ELASTICITY DEVELOPMENT ECONOMICS DOMESTIC PRICE ECONOMETRICS ECONOMIC POLICY EMPLOYMENT EMPLOYMENT EFFECTS EMPLOYMENT LEVEL EMPLOYMENT LEVELS EMPLOYMENT PAPER ENDOGENOUS VARIABLES EXPORT SHARE EXPORT SUPPLY EXPORTS FIXED INVESTMENT GDP GDP DEFLATOR HOUSEHOLD SURVEY HOUSEHOLD SURVEYS IMPACT OF TRADE IMPACT OF TRADE LIBERALIZATION IMPORT COMPETITION IMPORT PENETRATION IMPORT SHARE IMPORTS INCOME DISTRIBUTION INDUSTRIAL SECTOR INDUSTRY TRADE INTERNATIONAL MARKETS INTERNATIONAL TRADE INVENTORY IRON ITC JOB LOSS JOBS LABOR COSTS LABOR DEMAND LABOR DEMAND ELASTICITIES LABOR ECONOMICS LABOR MARKET LABOR MARKET REFORMS LABOR MARKETS LABOR OFFICE LABOR REALLOCATION LABOR SHARE LABOR STATISTICS LABOUR LABOUR DEMAND MACROECONOMIC SHOCKS MANUFACTURING INDUSTRIES MANUFACTURING INDUSTRY METAL PRODUCTS NATURAL RESOURCES NET EMPLOYMENT OPENNESS PETROLEUM REFINERIES POLITICAL ECONOMY PRICES PROCESS OF TRADE LIBERALIZATION PROFIT MAXIMIZATION REAL EXCHANGE RATES STOCK TOTAL EMPLOYMENT TOTAL FACTOR PRODUCTIVITY TOTAL OUTPUT TRADE DATA TRADE INDICATORS TRADE LIBERALIZATION TRADE LIBERALIZATION PROCESS TRADE PARTNERS TRADE REFORM TRANSPORT COSTS UNEMPLOYMENT UNEMPLOYMENT RATES UNSKILLED LABOR UNSKILLED WORKERS VALUE ADDED VALUE OF OUTPUT WAGE EFFECTS WAGE INEQUALITY WAGES
Online Access:	http://documents.worldbank.org/curated/en/2007/03/7412830/impact-trade-china-india-argentinas-manufacturing-employment http://hdl.handle.net/10986/7206

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Summary:	For many in Latin America, the increasing participation of China and India in international markets is seen as a looming shadow of two "mighty giants" on the region's manufacturing sector. Are they really mighty giants when it comes to their impact on manufacturing employment? The authors attempt to answer this question by estimating the effects of trade with China and India on Argentina's industrial employment. They use a dynamic econometric model and industry level data to estimate the effects of trade with China and India on the level of employment in Argentina's manufacturing sector. Results suggest that trade with China and India only had a small negative effect on industrial employment, even during the swift trade liberalization of the 1990s.