The purpose of this paper is to study the main factors that drive the international trade of South American countries using an augmented gravity model of commerce. This model considers not only the volume and directions of bilateral trade, but also other factors inside and between the countries...

This paper analyses the relevance of Colombian institutional quality in recent years in terms of the performance of its exports within a framework of trade openness. Based on the trade gravity model, we examine the effect of governance on the evolution of Colombian exports through an econometric...

This paper uses a gravity model with panel data and 3 regional dummies to assess the effects of the new free trade agreements signed between Latin American countries in the 90's. The originality of this research lies in the spectrum of agreements covered (big customs unions as well as bilateral...