Connecting to global value chains: the dynamic general equilibrium effects of a PTA between China and Mercosur over the economy of Brazil

• Autor(a) principal: Ferraz, Lucas Pedreira do Couto
• Data de Publicação: 2015
• Outros Autores: Ribeiro, Marcel Bertini
• Tipo de documento: Artigo de conferência
• Idioma: eng
• Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
• Texto Completo: http://hdl.handle.net/10438/18650
• topic: Acordos preferenciais de comércio; Integração econômica; China - Comércio exterior; MERCOSUL; International trade; Preferential trade agreements; Integration; China; MERCOSUR; Economia; Comércio internacional; Tratados comerciais; Integração econômica internacional; Brasil - Relações econômicas exteriores - China; China - Relações econômicas exteriores - Brasil

The structure of this paper is organized as follows. Section I presents a set of stylized trade facts about the Brazilian economy, exploring some of the new information available in the 'so called' TIVA and WIOD databases. Section II discusses the extended concept of 'natural trade partners' according to the logic of global/regional value chains. Section III describes the econometric model used to estimate the ad valorem equivalents of TBTs and SPSs imposed over bilateral trade flows among China and Mercosur countries. Section IV presents the impacts of a PTA involving Mercosur and China on the economy of Brazil, tracing out bilateral trade in value added as well as bilateral trade in intermediates. Section V summarizes the main findings of this paper.