Imports and welfare: variety losses of the Argentine crisis of 2001-2002

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The access to a large variety of products is one of the main sources of gains from international trade and globalization. When an economy goes through a crisis, aggregate demand shrinks resulting in fewer product varieties being imported. In this paper we quantify short-run and medium-run welfare lo...

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Autores principales: Brambilla, Irene, Tomé, Romina
Formato: Objeto de conferencia
Lenguaje:Inglés
Publicado: 2011
Materias:
Ciencias Económicas
Gains from trade
Product varieties
Argentine crisis
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/170439
Aporte de:
SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-170439
record_format dspace
spelling I19-R120-10915-1704392024-09-20T20:44:09Z http://sedici.unlp.edu.ar/handle/10915/170439 Imports and welfare: variety losses of the Argentine crisis of 2001-2002 Brambilla, Irene Tomé, Romina 2011-11 2011 2024-09-20T16:01:18Z en Ciencias Económicas Gains from trade Product varieties Argentine crisis The access to a large variety of products is one of the main sources of gains from international trade and globalization. When an economy goes through a crisis, aggregate demand shrinks resulting in fewer product varieties being imported. In this paper we quantify short-run and medium-run welfare losses that resulted from the reduction in the number of imported product varieties during the Argentine crisis of 2001-2002. We find that short-run welfare losses vary widely across products and that medium-run recovery depends on the ability to substitute towards new varieties. El acceso a una mayor variedad de productos es una de las fuentes principales de ganacias del comercio internacional y la globalización. Cuando una economía atravieza una crisis, la demanda agregada se reduce resultando en una menor variedad de productos importados. En este artículo cuantificamos las pérdidas de bienestar de corto y mediano plazo que resultan de la reducción en el número de variedades importadas durante la crisis Argentina de 2001-2002. Encontramos que a corto plazo las pérdidas de bienestar varían significativamente entre productos y que la recuperación a mediano plazo depende de la habilidad de sustitutir hacia nuevas variedades. Facultad de Ciencias Económicas Objeto de conferencia Objeto de conferencia http://creativecommons.org/licenses/by-nc-sa/4.0/ Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) application/pdf
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Inglés
topic Ciencias Económicas
Gains from trade
Product varieties
Argentine crisis
spellingShingle Ciencias Económicas
Gains from trade
Product varieties
Argentine crisis
Brambilla, Irene
Tomé, Romina
Imports and welfare: variety losses of the Argentine crisis of 2001-2002
topic_facet Ciencias Económicas
Gains from trade
Product varieties
Argentine crisis
description The access to a large variety of products is one of the main sources of gains from international trade and globalization. When an economy goes through a crisis, aggregate demand shrinks resulting in fewer product varieties being imported. In this paper we quantify short-run and medium-run welfare losses that resulted from the reduction in the number of imported product varieties during the Argentine crisis of 2001-2002. We find that short-run welfare losses vary widely across products and that medium-run recovery depends on the ability to substitute towards new varieties.
format Objeto de conferencia
Objeto de conferencia
author Brambilla, Irene
Tomé, Romina
author_facet Brambilla, Irene
Tomé, Romina
author_sort Brambilla, Irene
title Imports and welfare: variety losses of the Argentine crisis of 2001-2002
title_short Imports and welfare: variety losses of the Argentine crisis of 2001-2002
title_full Imports and welfare: variety losses of the Argentine crisis of 2001-2002
title_fullStr Imports and welfare: variety losses of the Argentine crisis of 2001-2002
title_full_unstemmed Imports and welfare: variety losses of the Argentine crisis of 2001-2002
title_sort imports and welfare: variety losses of the argentine crisis of 2001-2002
publishDate 2011
url http://sedici.unlp.edu.ar/handle/10915/170439
work_keys_str_mv AT brambillairene importsandwelfarevarietylossesoftheargentinecrisisof20012002
AT tomeromina importsandwelfarevarietylossesoftheargentinecrisisof20012002
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