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Trade relations between Colombia and the European Union: an analysis of the index of revealed comparative advantage and import intensity

Author

Listed:
  • Jaime Ahcar
  • David Alejandro Rodríguez

    (Faculty of Economics and Management, Pontificia Universidad Javeriana Cali)

Abstract

In May 2013 a Free Trade Agreement FTA between Colombia, Peru and the European Union entered into force. One of the expected effects of this type of accords is an intensification in the value of the bilateral trade flows. Nevertheless, the years following the implementation of the agreement were characterized by a slump in commodity prices and a downturn in global economic growth. This paper aims to determine if a shift in the revealed competitive advantage (RCAI) and import intensity (III) indices has taken place, showing some kind of sign of improvement in the bilateral trade relationship. To do this we compute the above-mentioned indicators, before and after the agreement, in order to contrast its evolution. The results show that the RCAI evolution indicates a positive impact of the agreement, while the III presents mixed results. The version here presented corresponds to the updated study.

Suggested Citation

  • Jaime Ahcar & David Alejandro Rodríguez, 2017. "Trade relations between Colombia and the European Union: an analysis of the index of revealed comparative advantage and import intensity," Working Papers 32, Faculty of Economics and Management, Pontificia Universidad Javeriana Cali.
  • Handle: RePEc:ddt:wpaper:32
    as

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    File URL: ftp://repec.javerianacali.edu.co/WorkingPapers/ddtn322017.pdf
    File Function: First version, 2017
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    More about this item

    Keywords

    Competitive advantage; Free Trade Agreement; Colombia; European Union; Trade Integration; Import Intensity;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F15 - International Economics - - Trade - - - Economic Integration

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