Economic, Social, and Policy Determinants of EU-5 and American Apparel Imports: A Gravity Model Analysis
AbstractBoth EU and USA are dominant apparel importers in the world. In 2006, the value of worldâ€™s apparel exports to them amounted to US$ 212 billion, which represented 80% of the worldâ€™s total apperel exports. Specifically, the apparel imports of the top five members of EU; namely, Germany, United Kingdom, France, Italy, and Spain, amounted to US$ 91 billion, accounting for 71% of the regoinâ€™s total apperel imports. Using data from 1990 to 2006, this article investigates the country-specific factors that have impact on the apparel imports of EU-5 as well as USA, and their top five apperel suppliers. Panel data estimation approach is utilized with an exploration at the aggregate level. The results indicate strong support for the model with determinants including GDP, population growth rates, female employment, value added factors, and common membership. All these have positive effects. In contrast, distance, real exchange rates, and wages have negative influence on the expenditure patterns of EU-5 and USA consumers.
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Bibliographic InfoArticle provided by IGI Global in its journal International Journal of Information Systems and Supply Chain Management (IJISSCM).
Volume (Year): 1 (2008)
Issue (Month): 3 (July)
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Web page: http://www.igi-global.com
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