Abstract

CASTILLO, Juan Sebastián; AGUILERA, Esther  and  GARCIA CORTIJO, Carmen. Central America: the Urgency of Coherent Commercial Diversification. Prob. Des [online]. 2013, vol.44, n.174, pp.119-138. ISSN 0301-7036.

This work analyzes the behavior of Central American foreign trade, describing how its productive structure and the geographic and mercantile concentration affect commerce in the region. The main objective of this research is to analyze the current panorama of trade in Central American using fundamental variables, such as the level of diversification, linkage with major partners and the role of intraregional commerce, as well as econometric analysis of panel data, and to evaluate the correlation with major macroeconomic measurements. Initial results show that geographic diversification and intraregional commerce are the basic pillars of economic growth in the region.

Keywords : Central America; Commercial Diversification; Intraregional Commerce; Panel Data Models.

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