The impact of free trade agreements (FTAs) in the productive structure of Colombia : an analysis based on the input-output model.

Free Trade Agreements (FTAs) could be assumed as parallel institutional structures that implicate changes in rules of international trade, intellectual property protection and investment. This paper just analyses the impacts in the domestic productive structure by the influence of trade openness dee...

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Detalles Bibliográficos
Autores principales: Suescun-Barón, Carlos Alberto, Silva-Granada, Laura Jessenia
Formato: Revistas
Lenguaje:Español
Publicado: Universidad de Cartagena 2017
Acceso en línea:https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/2087
Descripción
Sumario:Free Trade Agreements (FTAs) could be assumed as parallel institutional structures that implicate changes in rules of international trade, intellectual property protection and investment. This paper just analyses the impacts in the domestic productive structure by the influence of trade openness deepening, particularly with the case of the FTAs between Colombia and the United States (US) and the European Union (EU). This research aims to quantify the direct and indirect effects in the main economic sectors of the Colombian economy, as a result of the shock caused by these FTAs. For that purpose, the methodological structure of input-output model is used. The results of the model indicate negative impacts in the manufacturing sector mainly due to the increase of intermediate goods imports.