MERCOSUR-EU trade: The impact of adverse macroeconomic developments and trade barriers on MERCOSUR exports
This article examines sectoral MERCOSUR exports to the EU in the period of 1988 to 1996. A sectoral study is considered indispensable since tariff and non-tariff trade barriers vary strongly among sectors. The empirical investigation is based on both a dynamic panel analysis and a rather qualitative evaluation of the extent of tariff and non-tariff barriers imposed by the EU. The ex-post analysis for the period of 1988 to 1996 revealed three things: First, a more competitive real exchange rate could contribute to a better MERCOSUR export performance. Second, EU protection has had in general a very negative impact on MERCOSUR export growth rates. Third, EU protection strongly affected MERCOSUR's largest export sectors.
|Date of creation:||07 Oct 2003|
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|Note:||Type of Document - Acrobat PDF; pages: 26 ; figures: included|
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- J. Michael Finger & Julio J. Nogués, 2002.
"The Unbalanced Uruguay Round Outcome: The New Areas in Future WTO Negotiations,"
The World Economy,
Wiley Blackwell, vol. 25(3), pages 321-340, 03.
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- Peter Nunnenkamp, 2001. "Ist diesmal alles anders? Die neue Welle regionaler Integration in Lateinamerika aus europäischer Perspektive," Kiel Working Papers 1026, Kiel Institute for the World Economy.
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