This paper contains an empirical analysis on the determinants of trade flows in South America through the estimation of an augmented Gravity Model. Using data for countries belonging to the MERCOSUR and the Andean Community (CAN) this research attempts to test the hypotheses of the augmented...

This paper examines the effect of regionalism on unilateral trade liberalization using industry-level data on applied most-favored nation tariffs and bilateral preferences for ten Latin American countries from 1990 to 2001. The findings show that preferential tariff reduction in a given sector...