Trade Agreement and Trade Specialization Between Colombia And The EU
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| Format: | Artículo científico |
| Langue: | en |
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Universidad Nacional Autónoma de México
2022
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| _version_ | 1876491025305829376 |
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| author | Carlos Alberto Abreo Villamizar |
| author_facet | Carlos Alberto Abreo Villamizar |
| contents | Trade Agreement and Trade Specialization Between Colombia And The EU Carlos Alberto Abreo Villamizar Ricardo Bustillo Mesanza Carlos Rodríguez González Economía y Finanzas Colombia European Union trade agreement factor endowment trade gravity model The study analyses the relevance of the trade agreement between Colombia and the European Union as a policy that promotes trade between them (export and import flows) and, subsequently, establishes its effectiveness in reducing the trade deficit of the former. Furthermore, the paper analyses the determinants of trade flows between the parties, emphasizing the effect of factor endowment on their bilateral trade. We use a panel data set from 2005 to 2019, wherein the export and import flows between Colombia and the countries of the European Union are considered. The findings indicate that the trade agreement between the two parties has deepened the Colombian trade deficit. Additionally, it is established that the parties share an inter-industry trade pattern based on their factor endowment. Consequently, the Colombian government should consider these findings to reorient its trade policy towards those European Union countries that have an opposite factor endowment. 2022 artículo científico 0185-1667 https://www.redalyc.org/articulo.oa?id=60175439004 https://www.redalyc.org/journal/601/60175439004/ https://www.redalyc.org/journal/601/60175439004/html/ https://www.redalyc.org/journal/601/60175439004/60175439004.epub https://www.redalyc.org/journal/601/60175439004/movil 10.22201/fe.01851667p.2022.321.79688 en http://www.redalyc.org/revista.oa?id=601 Investigación Económica application/pdf Universidad Nacional Autónoma de México Investigación Económica (México) Num.321 Vol.LXXXI |
| format | Artículo científico |
| id | redalyc_60175439004 |
| institution | Redalyc |
| language | en |
| publishDate | 2022 |
| publisher | Universidad Nacional Autónoma de México |
| spellingShingle | Trade Agreement and Trade Specialization Between Colombia And The EU Carlos Alberto Abreo Villamizar Economía y Finanzas Colombia European Union trade agreement factor endowment trade gravity model Trade Agreement and Trade Specialization Between Colombia And The EU Carlos Alberto Abreo Villamizar Ricardo Bustillo Mesanza Carlos Rodríguez González Economía y Finanzas Colombia European Union trade agreement factor endowment trade gravity model The study analyses the relevance of the trade agreement between Colombia and the European Union as a policy that promotes trade between them (export and import flows) and, subsequently, establishes its effectiveness in reducing the trade deficit of the former. Furthermore, the paper analyses the determinants of trade flows between the parties, emphasizing the effect of factor endowment on their bilateral trade. We use a panel data set from 2005 to 2019, wherein the export and import flows between Colombia and the countries of the European Union are considered. The findings indicate that the trade agreement between the two parties has deepened the Colombian trade deficit. Additionally, it is established that the parties share an inter-industry trade pattern based on their factor endowment. Consequently, the Colombian government should consider these findings to reorient its trade policy towards those European Union countries that have an opposite factor endowment. 2022 artículo científico 0185-1667 https://www.redalyc.org/articulo.oa?id=60175439004 https://www.redalyc.org/journal/601/60175439004/ https://www.redalyc.org/journal/601/60175439004/html/ https://www.redalyc.org/journal/601/60175439004/60175439004.epub https://www.redalyc.org/journal/601/60175439004/movil 10.22201/fe.01851667p.2022.321.79688 en http://www.redalyc.org/revista.oa?id=601 Investigación Económica application/pdf Universidad Nacional Autónoma de México Investigación Económica (México) Num.321 Vol.LXXXI |
| title | Trade Agreement and Trade Specialization Between Colombia And The EU |
| topic | Economía y Finanzas Colombia European Union trade agreement factor endowment trade gravity model |
| url | https://www.redalyc.org/articulo.oa?id=60175439004 https://www.redalyc.org/journal/601/60175439004/ https://www.redalyc.org/journal/601/60175439004/html/ https://www.redalyc.org/journal/601/60175439004/60175439004.epub https://www.redalyc.org/journal/601/60175439004/movil |