Egoume Bossogo, Philippe.
Trade and Integration in the Caribbean Philippe Egoume Bossogo. [electronic resource] / Philippe Egoume Bossogo. - Washington, D.C. : International Monetary Fund, 2002. - 1 online resource (38 p.) - IMF Working Papers; Working Paper ; No. 02/148 . - IMF Working Papers; Working Paper ; No. 02/148 .
This paper analyzes trade in the Caribbean community (CARICOM) using a gravity model framework. The paper seeks to shed light on the dynamics of trade among CARICOM member countries, as well with the rest of world over 1980-99. Overall, the results show that intra-CARICOM trade has increased, suggesting that further regional integration is desirable. At the same time, CARICOM's trade with the rest of the world has risen as well, fueled notably by the reduction of the arrangement's common external tariff and despite the negative impact of the declining preferential access to EU markets for banana. In contrast, WTO membership does not appear to have had a positive impact on trade. Overall, it appears that trade liberalization is consistent with greater CARICOM trade integration.
1451856830 : 15.00 USD
1018-5941
10.5089/9781451856835.001 doi
Average Trade
Bilateral Trade
Dummy Variable
Equation
Gravity Model
Integration
Barbados
Grenada
Guyana
Jamaica
Saint Vincent and the Grenadines
Trade and Integration in the Caribbean Philippe Egoume Bossogo. [electronic resource] / Philippe Egoume Bossogo. - Washington, D.C. : International Monetary Fund, 2002. - 1 online resource (38 p.) - IMF Working Papers; Working Paper ; No. 02/148 . - IMF Working Papers; Working Paper ; No. 02/148 .
This paper analyzes trade in the Caribbean community (CARICOM) using a gravity model framework. The paper seeks to shed light on the dynamics of trade among CARICOM member countries, as well with the rest of world over 1980-99. Overall, the results show that intra-CARICOM trade has increased, suggesting that further regional integration is desirable. At the same time, CARICOM's trade with the rest of the world has risen as well, fueled notably by the reduction of the arrangement's common external tariff and despite the negative impact of the declining preferential access to EU markets for banana. In contrast, WTO membership does not appear to have had a positive impact on trade. Overall, it appears that trade liberalization is consistent with greater CARICOM trade integration.
1451856830 : 15.00 USD
1018-5941
10.5089/9781451856835.001 doi
Average Trade
Bilateral Trade
Dummy Variable
Equation
Gravity Model
Integration
Barbados
Grenada
Guyana
Jamaica
Saint Vincent and the Grenadines