Determinants of Barbados Exports: Preliminary Analysis using a Gravity Model Approach

Hippolyte, Rommell

Determinants of Barbados Exports: Preliminary Analysis using a Gravity Model Approach

MPRA Paper from University Library of Munich, Germany

Abstract: This study explores the factors that affect the merchandise exports of Barbados. Using a gravity model on 2005 data on 105 importing countries it was found that the flow of exports of the country are positively influenced by the GDP and GDP per capita of importing countries, participation in CARICOM which is a regional trade agreement, and countries that share the same language as Barbados. In contrast, the distance between Barbados and importing countries has a strong negative impact on the exports of the island. Other preferential market access arrangements Barbados enjoys, such as bilateral trade agreements and the Generalised System of Preferences, have insignificant effects on export flows. The model was also used to highlight potential export markets for the country. It is expected this application of the gravity model may particularly interest policymakers in Barbados.

Keywords: gravity model; Barbados; export potential; cross-sectional data (search for similar items in EconPapers)
JEL-codes: F10 F14 (search for similar items in EconPapers)
Date: 2012-05, Revised 2015-06
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/75321/1/MPRA_paper_75321.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/75557/3/MPRA_paper_75557.pdf revised version (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: https://EconPapers.repec.org/RePEc:pra:mprapa:75321

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().