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analysis Andean Pact Argentina and Brazil Argentine exports Argentine peso Asuncion in 1991 benefits bloc Bolivia Brazilian cruzado Brazilian exports calculations based Chile common external tariff comparative advantage competition consumer surplus country H creation and trade Current prices Customs Union theory domestic market domestic production ECLAC economic integration economies of scale exchange rate export and import exports in relation Figure fluctuated formation of MERCOSUR IDB database imperfect Customs Union increase until 1998 Index numbers industries inflation intra-MERCOSUR exports intra-MERCOSUR trade LAFTA LAIA Latin American lower-cost macroeconomic member countries MERCOSUR countries MERCOSUR imports MERCOSUR partners N.A N.A N.A national GDP Ouro Preto Protocols Paraguay and Uruguay Paraguayan participating countries partner countries partners have increased percent period observed product differentiation PwCET regional integration process relation to national Robson Source Total exports trade creating trade diversion trade diverting effect trade flows trading block Treaty of Asuncion trend Uruguayan variety of products