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标题：Some New Insights into Trade Potential between the EU and Its Mediterranean Partners
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作者：Nicolas Péridy
期刊名称：Economics Research International
印刷版ISSN：2090-2123
电子版ISSN：2090-2131
出版年度：2012
卷号：2012
DOI：10.1155/2012/616793
出版社：Hindawi Publishing Corporation
摘要：This paper provides new insights into the calculation of trade potential between the EU and its Southern and Eastern Mediterranean partners (MPs). It is based on an econometric specification which takes into account some new explanatory variables which are not included simultaneously in the previous studies. These include trade costs (tariffs, NTBs, and logistics costs), factor movement (migration and FDI), as well as governance. In addition, specific estimators are implemented in order to account for zero trade flows, endogeneity and dynamics. The main conclusion of this study is that contrary to some results found in previous studies, MPs have reached their export potential with the EU. It is also shown that there is no specificity of the MP-EU trade potential in comparison with the other main PTAs (NAFTA, MERCOSUR, and ASEAN) which have also reached their trade potential. These results have strong policy implications.