Should the Caribbean Look to the East? An Assessment of Caribbean Export Potential
Troy Lorde (),
Antonio Alleyne (),
Roger Hosein and
MPRA Paper from University Library of Munich, Germany
This study assesses the export potential of East Asia for the Caribbean within the framework of a structural gravity model. Export potential of 30% is estimated to be available to the Caribbean within East Asia. Individual markets with the greatest export potential are Singapore, China, and Japan. Various simulations of a free trade agreement between the two regions suggest the existence of even larger potential. The challenge for the Caribbean is that without significant structural changes, the region will be unable to exploit East Asia’s potential. Greater effort at the industry and policy levels will be critical for export expansion.
Keywords: export potential; trade complementarity; natural trading partner; non-traditional markets; structural gravity; free trade agreement; Caribbean; East Asia (search for similar items in EconPapers)
JEL-codes: C33 C51 C53 F14 F17 (search for similar items in EconPapers)
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Journal Article: Should the Caribbean Look to the East? An Assessment of Caribbean Export Potential (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:96641
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