Is the Middle East and North Africa Region Achieving its Trade Potential?

Söderling, Ludvig

doi:10.5089/9781451861099.001

Cited by 16 publications

(11 citation statements)

References 9 publications

(7 reference statements)

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“…Among the most recent works on the issue, Söderling (2005) applies out-of-sample gravity estimates to panel data to estimate the trade flows of Middle East and North Africa (MENA) countries with their main partners, EU included. The empirical analysis suggests mixed results: moderate overall even if significant in individual cases (i.e.…”

Section: Literature Review On the Trade Impact Of The Eu-med Libementioning

confidence: 99%

Assessing the trade impact of the European Neighbourhood Policy on the EU-MED Free Trade Area

Montalbano

Nenci

2014

Applied Economics

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The European Neighbourhood Policy (ENP) set an additional objective for the\ud 10 Southern Mediterranean Countries (SMCs): the prospect of ‘a stake in the\ud internal market’. The launch of this new policy has been the occasion for a\ud revival of empirical studies aimed at assessing the impact of the EU-MED\ud partnership on bilateral trade. The novelty of this work is twofold: (i) to\ud present nonparametric matching estimators besides gravity estimates; (ii) to\ud 15 assume as a counterfactual of the treatment the ex-post long-run average treatment\ud effects of the Europe Agreements. By controlling for likely selection bias\ud and country and time heterogeneity, using both qualitative and quantitative\ud measures of the policy variable, we assess ex-post the trade-enhancing impact\ud of the EU preferential agreements towards SMCs and ex ante the actual efficacy\ud 20 of the ENP

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Section: Literature Review On the Trade Impact Of The Eu-med Libementioning

confidence: 99%

Assessing the trade impact of the European Neighbourhood Policy on the EU-MED Free Trade Area

Montalbano

Nenci

2014

Applied Economics

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“…Regarding the economic literature, there are a lot of empirical approaches which have used the gravity model to explain the determinants of bilateral trade. Using a gravity model applied to panel data, researcher [7] analyzed export performance in the Middle East and North Africa (MENA). Using gravity model, researcher [8] estimated the magnitude of India's export potential to the six-member Gulf Cooperation Council (GCC) countries.…”

Section: Gravity Modelmentioning

confidence: 99%

The Factors Affecting Egypt’s Exports: Evidence from the Gravity Model Analysis

Elshehawy¹,

Shen²,

Ahmed³

2014

JSS

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This paper investigates the factors that affect Egypt's bilateral export flows to its main trading partners. Based on the panel data, the gravity model approach has been used to estimate Egypt's exports through annual data covering the period 2000 to 2013 for 42 main trading partners. The gravity model in its fixed effects panel data explained 84 percent of the fluctuations in Egypt's exports. The results show that Egypt's GDP, importer's GDP, importer's population, regional trade agreements (RTA) and the border between Egypt and its trading partner are the main factors affecting Egypt's exports to its main trading partners. All these factors affect Egypt's exports positively. Transportation costs (distance variable) are found to have negative but insignificant effect on Egypt's exports. All these results can help the government and policy makers to undertake appropriate measures to improve the performance of the Egyptian foreign trade sector.

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“…The impact of FTA was studied in the literature. So¨derling (2005) estimates the trade potential of six Middle East North African (MENA) countries, of which Morocco is one. 13 'The trade potential can be interpreted as the gain (or loss) in trade between two countries that would occur if their bilateral trade barriers were brought to the global integration-adjusted average'.…”

Section: Recent Developmentsmentioning

confidence: 99%