Adjustment Problems in Developing Countries and the U.S.-Central America-Dominican Republic Free Trade Agreement |
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| Authors: | Nowak-Lehmann D Felicitas Martínez-Zarzoso Inmaculada |
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| Institution: | 1. Researcher at the Ibero-America Institute for Economic Research (IAI) and Center for Globalization and Europeanization of the Economy (CeGE), University of Goettingen , Germany;2. Assistant Professor at the Universidad Jaume I, Departamento de Economía, Instituto de Economía Internacional , Spain |
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| Abstract: | Abstract In this study, MERCOSUR's past exports to the EU under the protectionist environment of the period between 1988 and 1996 are examined and an attempt is made to determine MERCOSUR's exports' growth potential in a liberalized EU market. A sectoral study is considered indispensable since tariff and non-tariff trade barriers vary strongly among sectors. The influence of the macroeconomic environment on MERCOSUR's exports is examined in a dynamic panel analysis. A simulation study based on a quite comprehensive evaluation of EU trade barriers is performed for the Argentinean case to evaluate the impact of EU trade liberalization. |
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