Abstract

PEREZ ARTICA, Rodrigo  and  VIGIER, Hernán Pedro. Industrial policy and exchange restrictions: An analysis of the Argentine automotive industry, 2012-2015. Prob. Des [online]. 2020, vol.51, n.203, pp.29-54.  Epub Jan 11, 2021. ISSN 0301-7036.  https://doi.org/10.22201/iiec.20078951e.2020.203.69543.

The automotive parts trade has become a major source of external deficit in Latin America. This poses both a macroeconomic and industrial policy problem. Argentina has designed several policies intended to reverse this situation, especially since external strangulation intensified during 2012-2015. This article evaluates the outcomes of the policies implemented. First, an econometric approach reveals that the measures adopted did not succeed in modifying key aspects of the automotive chain's international articulation. Second, the article seeks to explain its findings by conducting in-depth interviews with officials involved in implementing policy. In so doing, a set of external and internal obstacles to the process of designing and implementing industrial policy can be identified.

Keywords : industrial policy; external restriction; exchange rate policy; automotive sector; auto-parts imports; econometric analysis.

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