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

Felicitas Nowak-Lehmann and Inmaculada Martínez-Zarzoso
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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: Written 2003-10-07
Note: Type of Document - Acrobat PDF; pages: 26 ; figures: included
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