International standards and international trade evidence from Caricom economies
Fuente:
Redalyc
Saved in:
| Main Author: | |
|---|---|
| Format: | Artículo científico |
| Language: | en |
| Published: |
Universidad de Puerto Rico
2012
|
| Subjects: | |
| Online Access: | |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1876461096293892096 |
|---|---|
| author | Densil Williams |
| author_facet | Densil Williams |
| contents | International standards and international trade evidence from Caricom economies Densil Williams Administración y Contabilidad trade Caricom panel data International standards This paper analyzed the relationship between international standards and international trade between United States, a developed economy and countries in Caricom, a regional integration movement of small, developing economies in the Caribbean. The empirical literature on the relationship between standards and international trade is very limited. This is especially so for small, developing economies like those in Caricom. To advance this literature, the paper used an augmented gravity model with panel data for 14 Caricom countries for the period 1991-2009 to test the relationship. The estimated model showed that economic size and distance, not international standards, are the most significant factors that determine trade flows between Caricom and the United States. In other words, international standard of quality is treated as a sunk cost in conducting international business/trade. 2012 artículo científico 1541-8561 https://www.redalyc.org/articulo.oa?id=63125563001 en http://www.redalyc.org/revista.oa?id=631 Forum Empresarial application/pdf Universidad de Puerto Rico Forum Empresarial (Puerto Rico) Num.2 Vol.17 |
| format | Artículo científico |
| id | redalyc_63125563001 |
| institution | Redalyc |
| language | en |
| publishDate | 2012 |
| publisher | Universidad de Puerto Rico |
| spellingShingle | International standards and international trade evidence from Caricom economies Densil Williams Administración y Contabilidad trade Caricom panel data International standards International standards and international trade evidence from Caricom economies Densil Williams Administración y Contabilidad trade Caricom panel data International standards This paper analyzed the relationship between international standards and international trade between United States, a developed economy and countries in Caricom, a regional integration movement of small, developing economies in the Caribbean. The empirical literature on the relationship between standards and international trade is very limited. This is especially so for small, developing economies like those in Caricom. To advance this literature, the paper used an augmented gravity model with panel data for 14 Caricom countries for the period 1991-2009 to test the relationship. The estimated model showed that economic size and distance, not international standards, are the most significant factors that determine trade flows between Caricom and the United States. In other words, international standard of quality is treated as a sunk cost in conducting international business/trade. 2012 artículo científico 1541-8561 https://www.redalyc.org/articulo.oa?id=63125563001 en http://www.redalyc.org/revista.oa?id=631 Forum Empresarial application/pdf Universidad de Puerto Rico Forum Empresarial (Puerto Rico) Num.2 Vol.17 |
| title | International standards and international trade evidence from Caricom economies |
| topic | Administración y Contabilidad trade Caricom panel data International standards |
| url | https://www.redalyc.org/articulo.oa?id=63125563001 |