South-South Trade: The Potential for Mauritius

Verena Tandrayen Ragoobur (), Neha Devi Tengur and Bhooteshta Seewooruttun
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Verena Tandrayen Ragoobur: University of Mauritius, Mauritius
Neha Devi Tengur: University of Mauritius, Mauritius
Bhooteshta Seewooruttun: University of Mauritius, Mauritius

Journal of Economic Development, 2021, vol. 46, issue 3, 45-65

Abstract: The objective of the paper is to investigate into the benefits of South-South for a small country like Mauritius in terms of improved trade. Using, UN Comtrade data for the period 1990 to 2018, the study first analyses Mauritius trade patterns with developing and developed markets. Second, the paper probes into South-South trade across 46 countries over the last 29 years and applies the gravity model of trade, using the Poisson Pseudo Maximum-Likelihood Estimator. There is evidence that South-South trade is beneficial to Mauritius, hence the need for greater diversification of its markets away from the traditional European and US markets. The study further reveals that the small island economy must take advantage of growing consumer demand from developing regions, like Africa, China and India. Mauritius being part of different regional trading blocs helps in improving its trade performance.

Keywords: South-South Trade; Developing Countries; Gravity Model of Trade (search for similar items in EconPapers)
JEL-codes: D13 D31 L26 R20 (search for similar items in EconPapers)
Date: 2021
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