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Trade Liberalization and Export Competitiveness: Evidence from the EU-ECOWAS Trade

Ofei, Edmund Okraku (2016): Trade Liberalization and Export Competitiveness: Evidence from the EU-ECOWAS Trade.

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Abstract

This study investigates the impact of EU trade liberalisation on the export competitive ness of ECOWAS countries. Trade liberalisation is captured by import tariffs in the EU market whiles export competitiveness is captured by the export value of ECOWAS countries. The study uses the gravity model, fixed and random effects as well as the Hausman test for a country pair panel data of 15 ECOWAS and EU 15 countries for the period beginning 1995 to 2014. The study finds a positive impact of trade liberalisation on export competitiveness and estimates the export value of ECOWAS countries to increase by 0.487% for every 1% reduction of import tariffs in the EU.

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