Spillover in South America (Adler & Sosa)

Intra-regional spillovers in South America: Is Brazil systemic after all? by Gustavo Adler and Sebastián Sosa published by IMF, indicated by Alberto Barreix. “This paper studies the importance of Brazil´s influence on its neighboring economies, documenting trade linkages over the last two decades and quantifying spillovers effects in a Vector Auto Regression setting. White trade linkages with Brazil are significant for the Southern Cone countries (Argentina, Bolivia, Chile, Paraguay, and Uruguay), they are very weak for others.”