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Analysing the trade effects of the EU-SA & SADC trading agreements: a panel data approach
- Source :
- South African Journal of Economic and Management Sciences, Vol 14, Iss 2, Pp 229-244 (2011), South African Journal of Economic and Management Sciences, Volume: 14, Issue: 2, Pages: 229-244, Published: 2011
- Publication Year :
- 2011
- Publisher :
- AOSIS, 2011.
-
Abstract
- This study investigates the trade effects of the EU-SA and SADC preferential trade agreements of which South Africa is a member. Using a panel data estimation of the gravity model of bilateral trade and based on data from 1994 to 2008, the study finds the EU-SA preferential trade agreement to have a significant trade expansion effect. The study further reveals that an informative conclusion on trade effects of the SADC preferential trade agreement can only be reached once the agreement has been fully operational. The study also recommends that trade policy in South Africa should increasingly be geared towards broad-based multilateral liberalisation. In addition, South Africa should promote regional economic stability and development through supporting regional trade agreements initiatives. Keywords: Trade creation, trade diversion, preferential trade agreement, panel data estimation, gravity model of bilateral trade
- Subjects :
- Economic integration
lcsh:Management. Industrial management
gravity model of bilateral
preferential trade agreement
International trade
lcsh:Business
Trade agreement
trade diversion
Economics
Trade barrier
Commercial policy
lcsh:HB71-74
business.industry
Trade creation
lcsh:Economics as a science
International economics
jel:F14
General Business, Management and Accounting
panel data estimation
Bilateral trade
jel:F15
International free trade agreement
lcsh:HD28-70
trade creation
lcsh:HF5001-6182
Trade diversion
business
trade creation, trade diversion, preferential trade agreement, panel data estimation, gravity model of bilateral trade
General Economics, Econometrics and Finance
Subjects
Details
- ISSN :
- 22223436 and 10158812
- Volume :
- 14
- Database :
- OpenAIRE
- Journal :
- South African Journal of Economic and Management Sciences
- Accession number :
- edsair.doi.dedup.....b79f97e7b1790cb8a73d5b3b7435da53