MERCOSUR-EU trade: The impact of adverse macroeconomic developments and trade barriers on MERCOSUR exports

Felicitas Nowak-Lehmann and Inmaculada Martínez-Zarzoso
Additional contact information
Felicitas Nowak-Lehmann: Ibero-America Institute for Economic Reserach of the Universitiy of Goettingen

International Trade from EconWPA

Abstract: This article examines sectoral MERCOSUR exports to the EU in the period of 1988 to 1996. A sectoral study is considered indispensable since tariff and non-tariff trade barriers vary strongly among sectors. The empirical investigation is based on both a dynamic panel analysis and a rather qualitative evaluation of the extent of tariff and non-tariff barriers imposed by the EU. The ex-post analysis for the period of 1988 to 1996 revealed three things: First, a more competitive real exchange rate could contribute to a better MERCOSUR export performance. Second, EU protection has had in general a very negative impact on MERCOSUR export growth rates. Third, EU protection strongly affected MERCOSUR's largest export sectors.

Keywords: Sectoral MERCOSUR-EU trade; dynamic panel analysis; impact of tariff and non-tariff trade barriers (search for similar items in EconPapers)
JEL-codes: F14 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec, nep-ifn and nep-mac
Date: 2003-10-07
Note: Type of Document - Acrobat PDF; pages: 26 ; figures: included
View list of references

Downloads: (external link)
http://129.3.20.41/eps/it/papers/0310/0310002.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpit:0310002

Access Statistics for this paper

More papers in International Trade from EconWPA
Series data maintained by EconWPA ().