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Article
Trade asymmetries in the Mediterranean basin
Journal of Economic Asymmetries
  • Konstantinos Konstantaras, Hellenic Open University
  • Dionisis Philippas, ESSCA School of Management
  • Costas Siriopoulos, Zayed University
Document Type
Article
Publication Date
6-1-2018
Abstract

© 2017 Elsevier B.V. The paper examines the evolution of European Union's trade asymmetries across the Mediterranean basin, by highlighting the impact of the 1995 Barcelona convention's free trade agreements. Asymmetry is gauged by measuring the speed of trade openness convergence paths between the Mediterranean North and South. The EU's Southern Mediterranean partners’ reaction to their free trade agreements is examined with a series of convergence tests, accounting for endogeneity and instrumenting with spatial geographic matrices and geopolitical dummy variables. It is revealed that following the European Union's 1995 free trade initiatives the trade asymmetry between Middle Eastern and North African countries and their Northern counterparts becomes more asymmetric, ratifying Prebisch-Singer's empirical hypothesis.

Publisher
Elsevier B.V.
Disciplines
Keywords
  • C21,
  • C33,
  • Convergence,
  • F14,
  • Free trade agreement,
  • JEL,
  • Openness,
  • Trade asymmetries
Scopus ID
85040098527
Indexed in Scopus
Yes
Open Access
No
https://doi.org/10.1016/j.jeca.2017.12.002
Citation Information
Konstantinos Konstantaras, Dionisis Philippas and Costas Siriopoulos. "Trade asymmetries in the Mediterranean basin" Journal of Economic Asymmetries Vol. 17 (2018) p. 13 - 20 ISSN: <a href="https://v2.sherpa.ac.uk/id/publication/issn/1703-4949" target="_blank">1703-4949</a>
Available at: http://works.bepress.com/costas-syriopoulos/39/