TY - BOOK ID - 135560405 TI - Substitutability and Protectionism : Latin America's Trade Policy and Imports From China and India AU - Willmann, Gerald AU - Facchini, Giovanni AU - Olarreaga, Marcelo AU - Silva, Peri PY - 2007 PB - Washington, D.C., The World Bank, DB - UniCat KW - Consumption KW - Currencies and Exchange Rates KW - Debt Markets KW - Demands KW - Domestic Prices KW - Economic Growth KW - Economic Theory and Research KW - Economies KW - Emerging Markets KW - Equilibrium KW - Exogenous Shocks KW - Export Growth KW - Finance and Financial Sector Development KW - Fixed Effects KW - Free Trade KW - Globalization and Financial Integration KW - Import KW - Imports KW - International Economics & Trade KW - International Trade and Trade Rules KW - Macroeconomics and Economic Growth KW - Markets and Market Access KW - Political Economy KW - Private Sector Development KW - Public Sector Development KW - Quotas KW - Rapid Growth KW - Tariff Barriers KW - Trade Defic Trade Integration KW - Trade Policies KW - Trade Policy KW - Weight KW - World Markets UR - https://www.unicat.be/uniCat?func=search&query=sysid:135560405 AB - The authors examine the trade policy response of Latin American governments to the rapid growth of China and India in world markets. To explain higher protection in sectors where a large share is imported from these countries, they extend the "protection for sale" model to allow for different degrees of substitutability between domestically produced and imported varieties. The extension suggests that higher levels of protection toward Chinese goods can be explained by high substitutability between domestically produced goods and Chinese goods, whereas lower levels of protection toward goods imported from India can be explained by low substitutability with domestically produced goods. The data support the extension to the "protection for sale" model, which performs better than the original specification in terms of explaining Latin America's structure of protection. ER -