An Export Portfolio Assessment of Regional Free Trade Agreements: A Mercosur and Pacific Alliance Perspective

Gouvea, Raul; Kapelianis, Dimitri; Montoya, Manuel-Julian R.; Vora, Gautam

doi:10.4236/me.2014.55058

Cited by 3 publications

(2 citation statements)

References 20 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…[72] uses the single index model to construct optimal portfolios to analyze regional free-trade agreements whereas[73] uses the portfolio approach to analyze the risk of international trade.…”

mentioning

confidence: 99%

Reassessing Export Diversification Strategies: A Cross-Country Comparison

Gouvea¹,

Vora²

2015

Self Cite

View full text Add to dashboard Cite

This article uses a sample of 44 countries to assess their export performance over the period 1988-2012, using the single-index model, a part of the modern portfolio theory. The article builds four clusters of countries classified by the dominance of exports of 1) fuel products, 2) manufactured products, 3) food items and agricultural products and 4) ores and minerals. All countries in the sample obtain a dominant majority of their export earnings from these broad categories of products. The results are that the export portfolios comprised of manufactured products have a superior performance than export portfolios comprised of non-manufactured products. In particular, from a risk-return perspective the export portfolio of manufactured products dominates the export portfolio of food items and agricultural products which in turn dominates the export portfolio of fuel products and of ores and minerals. This domination validates a priori belief that manufacturing goods and exports is the best strategy for development of exports of a country. An important caveat is that this rosy scenario is unlikely to last. The implications for countries and firms are also discussed.

show abstract

mentioning

confidence: 99%

Reassessing Export Diversification Strategies: A Cross-Country Comparison

Gouvea¹,

Vora²

2015

Self Cite

View full text Add to dashboard Cite

show abstract

“…Asimismo, el crecimiento del indicador de la Alianza del Pacífico, entre 2011 y 2015, es de 14%. Perú tuvo el mayor crecimiento (19%), seguido de Colombia (17%), Chile (14%) y México (12%).Adicionalmente, se observa que todos los países de la AP presentan acuerdos comerciales y promueven políticas comerciales de apertura al mercado internacional (DeGouvea, 2014).Cabe destacar que el mercado objetivo de la Alianza del Pacífico son las economías del este de Asia que, según el Banco Mundial, es la región que presenta el más alto nivel de crecimiento en el mundo (31% entre 2011 y 2015). En esa línea, durante los años 2006 y 2011, se firmaron 38 acuerdos comerciales con aproximadamente 48 países.…”

unclassified