Abstract

FLORENSA, Luis Marcelo; MARQUEZ-RAMOS, Laura; RECALDE, María Luisa  and  DEGIOVANNI, Pedro Gabriel. La dinámica y los determinantes del proceso de integración económica de América Latina. Estud. Econ. [online]. 2018, vol.35, n.70, pp. 5-26. ISSN 2525-1295.

This paper studies the dynamics of the economic integration process in Latin America and analyzes its determinants in different points of time during 1962-2009. A discrete choice model is estimated, in which the dependent variable is the existence of an integration agreement between two countries, while the explanatory variables are classified into economic, geographic, political and institutional factors. The main findings show that economic and geographical factors are important in explaining why countries sign trade integration agreements, although this importance is time sensitive. In addition, results suggest that political and institutional factors play an important role in integration strategies.

Keywords : International Trade; Economic Integration Agreements; Political and Institutional Factors; Latin America.