Colombia’s potential for trade with the European Union and other major global markets
This paper identifies potential for trade between Colombia and the European Union following the implementation of a free trade agreement as from 2013. Predictions of potential are based on estimates produced by the Poisson pseudo maximum likelihood estimator applied to a gravity model, controlling f...
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oai-11362-443232020-11-25T22:58:09Z Colombia’s potential for trade with the European Union and other major global markets Ahcar, Jaime LIBRE COMERCIO ACUERDOS ECONOMICOS POTENCIAL DEL MERCADO MEDICION MODELOS ESTOCASTICOS UNION EUROPEA FREE TRADE ECONOMIC AGREEMENTS MARKET POTENTIAL MEASUREMENT STOCHASTIC MODELS EUROPEAN UNION This paper identifies potential for trade between Colombia and the European Union following the implementation of a free trade agreement as from 2013. Predictions of potential are based on estimates produced by the Poisson pseudo maximum likelihood estimator applied to a gravity model, controlling for unobserved omitted variable bias with exporter and importer time-varying fixed effects on a sample of 153 countries, from 1980 to 2012. Untapped potential is found in both directions of trade flows. The results could increase the effectiveness of trade policy and define companies’ expansion plans in international markets. 2018-12-18T20:32:36Z 2018-12-18T20:32:36Z 2018-08-18 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/44323 LC/PUB.2018/6-P 8 en CEPAL Review CEPAL Review 125 .pdf application/pdf 1980 COLOMBIA COLOMBIA 2012 |
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English |
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LIBRE COMERCIO ACUERDOS ECONOMICOS POTENCIAL DEL MERCADO MEDICION MODELOS ESTOCASTICOS UNION EUROPEA FREE TRADE ECONOMIC AGREEMENTS MARKET POTENTIAL MEASUREMENT STOCHASTIC MODELS EUROPEAN UNION |
spellingShingle |
LIBRE COMERCIO ACUERDOS ECONOMICOS POTENCIAL DEL MERCADO MEDICION MODELOS ESTOCASTICOS UNION EUROPEA FREE TRADE ECONOMIC AGREEMENTS MARKET POTENTIAL MEASUREMENT STOCHASTIC MODELS EUROPEAN UNION Ahcar, Jaime Colombia’s potential for trade with the European Union and other major global markets |
description |
This paper identifies potential for trade between Colombia and the European Union following the implementation of a free trade agreement as from 2013. Predictions of potential are based on estimates produced by the Poisson pseudo maximum likelihood estimator applied to a gravity model, controlling for unobserved omitted variable bias with exporter and importer time-varying fixed effects on a sample of 153 countries, from 1980 to 2012. Untapped potential is found in both directions of trade flows. The results could increase the effectiveness of trade policy and define companies’ expansion plans in international markets. |
format |
Texto |
author |
Ahcar, Jaime |
author_facet |
Ahcar, Jaime |
author_sort |
Ahcar, Jaime |
title |
Colombia’s potential for trade with the European Union and other major global markets |
title_short |
Colombia’s potential for trade with the European Union and other major global markets |
title_full |
Colombia’s potential for trade with the European Union and other major global markets |
title_fullStr |
Colombia’s potential for trade with the European Union and other major global markets |
title_full_unstemmed |
Colombia’s potential for trade with the European Union and other major global markets |
title_sort |
colombia’s potential for trade with the european union and other major global markets |
publishDate |
2018 |
url |
http://hdl.handle.net/11362/44323 |
work_keys_str_mv |
AT ahcarjaime colombiaspotentialfortradewiththeeuropeanunionandothermajorglobalmarkets |
_version_ |
1718435706437632000 |