Trade Effects of European Union Enlargement: An Ex Post Model of Trade Between Spain and Latin America
Pilar Fajarnes and
M. Thea Sinclair
Studies in Economics from School of Economics, University of Kent
Past research on European Union (EU) enlargement has tended to neglect the effects on trade with non-preferred trading partners. This paper examines the consequences of EU enlargement on trade between Spain and the Latin American countries with which it has traditional economic and cultural ties. An important demand functions model was estimated for the period 1964-93. The country-level results showed that Spanish accession to the EU only had large adverse effects on its imports from Argentina. The results for non-agricultural products indicated a general absence of negative effects on Spanish imports. The aggregate results from the ex post model provide support for some, but not all, of the ex ante predictions of previous studies.
Keywords: Trade; European Union Enlargement; Spain; Latin America (search for similar items in EconPapers)
JEL-codes: F14 O54 (search for similar items in EconPapers)
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Published in International Review of Applied Economics, 1997, 11(1), pp.65-90
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Persistent link: https://EconPapers.repec.org/RePEc:ukc:ukcedp:9602
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