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Exploring trade flows between MERCOSUR and the EU: what does an export demand function tell us?

Author

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  • Ariel A. Barraud

    (Universidad Nacional de Córdoba & Universidad Católica. Argentina.)

  • Author-Name: Ariel A. Barraud

    (Universidad Nacional de Córdoba & Universidad Católica. Argentina.)

Abstract

Este trabajo examina la relación comercial entre el MERCOSUR y la Unión Europea a través de una función de exportación para el período 1980-2004. Mientras las exportaciones a nivel agregado reaccionan moderadamente a los precios relativos, su reacción con respecto al precio de los competidores es importante. Además, los ingresos de la UE afectan negativamente al comercio y el efecto absorción parece estar ausente. El precio y las elasticidades ingreso sugieren que la UE no es un destino atractivo para las exportaciones del MERCOSUR. La estimación del modelo de corrección de error predice algunas dificultades para un ajuste hacia el equilibrio a largo plazo.

Suggested Citation

  • Ariel A. Barraud & Author-Name: Ariel A. Barraud, 2011. "Exploring trade flows between MERCOSUR and the EU: what does an export demand function tell us?," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 2, pages 1-1, December.
    • Handle: RePEc:eac:articl:08/10
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    References listed on IDEAS

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