The Trade Impact of European Union Preferential Policies - An Analysis Through Gravity Models

The book investigates the EU preferential trade policy and, in particular, the impact it had on trade flows from developing countries. It shows that the capability of the "trade as aid" model to deliver its expected benefits to these countries crucially differs between preferential schemes and sectors. The book takes an eclectic but rigorous approach to the econometric analysis by combining different specifications of the gravity model. An in-depth presentation of the gravity model is also included, providing significant insights into the distinctive features of this technique and its state-of-art implementation. The evidence produced in the book is extensively applied to the analysis of the EU preferential policies with substantial suggestions for future improvement. Additional electronic material to replicate the book's analysis (datasets and Gams and Stata 9.0 routines) can be found in the Extra Materials menu on the website of the book.

List of contents

Introduction.- EU Preferential Policies and Gravity Model: Evolution of the EU Preferential Trade Policies.- EU Preferential Margins.- Gravity Model.- Trade Impact of EU Preferential Policies.- Empirical Analysis: Trade Impact of EU Preferences.- Agricultural Trade Impact of EU Generalized System of Preferendes.- Trade Impact of Everything But Arms.- Trade Impact of EU Preferences: An Analysis With Monthly Data.- Impact of Preference Erosion in the EU Rice Sector.- Trade Impact of EU Preferences: The Role of Compliance Costs.

About the author

Luca  De Benedictis received his diplôme d' études supérieures (Degree of Advanced Studies) from the Graduate Institute of International Studies at Geneva and his Ph.D. from the Politechnic University of Marche and is presently Professor  of  international economics at  the  University of Macerata, Italy.  He is the author of several publications on  the empirical analysis of  international trade flows.Luca  Salvatici  received his Ph.D. from the University of California at Davis and is presently Professor  of  economic  policy  at  the  University of  Roma Tre,  Italy. He previously held positions at La Sapienza University of Roma and University of Molise, and was a consultant  for  the  World Bank  and  the  Food and Agriculture Organization. He is the author of several publications on  the measurement  of  protection  and  on  the  EU policies. 

Summary

The book investigates the EU preferential trade policy and, in particular, the impact it had on trade flows from developing countries. It shows that the capability of the "trade as aid" model to deliver its expected benefits to these countries crucially differs between preferential schemes and sectors. The book takes an eclectic but rigorous  approach to the econometric analysis by combining different specifications of the gravity model. An in-depth presentation of the gravity model is also included, providing significant insights into the distinctive features of this technique and its state-of-art implementation. The evidence produced in the book is extensively applied to the analysis of the EU preferential policies with substantial suggestions for future improvement. Additional electronic material to replicate the book's analysis (datasets and Gams and Stata 9.0 routines) can be found in the Extra Materials menu on the website of the book.

Additional text

From the reviews:
“This book concentrates on the first of these objectives by looking at the trade effects of the European Union’s GSP as well as other regimes of EU trade preferences for LDCs. … the volume might deserve a place in reading lists for courses in applied trade policy, particularly since Springer offers data and STATA code used in the applications as extra online material.” (Wilhelm Kohler, Journal of Economics and Statistics, Vol. 232 (6), November, 2012)
“This book brings together work from numerous authors covering European Union (EU) trade policies towards developing countries and the empirical study of their effect on trade flows. … The path chosen can speak to several kinds of readers, interested in the policies themselves and empirical results of their effects, or looking for guidance in econometric gravity model applications. … a welcome addition for some readers who wish to investigate the data further, and can be a good primer for future research.” (Martin Clever, European Review of Agricultural Economics, Vol. 39 (3), July, 2012)

Report

From the reviews:
"This book concentrates on the first of these objectives by looking at the trade effects of the European Union's GSP as well as other regimes of EU trade preferences for LDCs. ... the volume might deserve a place in reading lists for courses in applied trade policy, particularly since Springer offers data and STATA code used in the applications as extra online material." (Wilhelm Kohler, Journal of Economics and Statistics, Vol. 232 (6), November, 2012)
"This book brings together work from numerous authors covering European Union (EU) trade policies towards developing countries and the empirical study of their effect on trade flows. ... The path chosen can speak to several kinds of readers, interested in the policies themselves and empirical results of their effects, or looking for guidance in econometric gravity model applications. ... a welcome addition for some readers who wish to investigate the data further, and can be a good primer for future research." (Martin Clever, European Review of Agricultural Economics, Vol. 39 (3), July, 2012)

Product details

• Assisted by: Luca de Benedictis (Editor), Luc De Benedictis (Editor), Luca De Benedictis (Editor), Salvatici (Editor), Salvatici (Editor), Luca Salvatici (Editor)
• Publisher: Springer, Berlin
• Languages: English
• Product format: Hardback
• Released: 31.07.2011
• EAN: 9783642165634
• ISBN: 978-3-642-16563-4
• No. of pages: 229
• Dimensions: 164 mm x 243 mm x 19 mm
• Weight: 560 g
• Illustrations: XXI, 229 p.
• Subject: Social sciences, law, business > Business > International economy