1. O COMÉRCIO BILATERAL ENTRE O JAPÃO E AS ECONOMIAS DA AMÉRICA LATINA, UMA ANÁLISE DE COINTEGRAÇÃO COM QUEBRA ESTRUTURAL.
- Author
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Baptista Correia, Leonardo and Miyazaki, Silvio
- Subjects
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BUSINESS , *STRUCTURAL break (Economics) , *COINTEGRATION , *COMMERCIAL treaties , *INTERNATIONAL economic relations - Abstract
In order to increase the trading volume with Latin America, Japan had signed trade agreements with major local economies. However there is a lack of studies regarding the trading flow between those two regions. This paper has the main objective to estimate a cointegration relation between Japan and the four biggest economies in Latin America: Argentina, Brazil, Chile and Mexico, by the most traditional Johansen procedure and the Lütkepohl's which allows to deal with structural breaks. Regarding Johansen main results, only the Argentinian trading flows are cointegrated, however by Lütkepohl approach, the Brazilian and the Chilean imports equation are also cointegrated. As the estimated structural break is related to main monetary events in Argentina and Brazil this fact increases the significance of those results and the importance to deal with these break for international trade econometric modeling. [ABSTRACT FROM AUTHOR]
- Published
- 2011