Biblioteca Digital de VanguardiaInternational standards and international trade evidence from Caricom economies
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 stan...
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| Formato: | artículo científico |
| Lenguaje: | Inglés |
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Centro de Investigaciones Comerciales e Iniciativas Académicas
2012
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| Acceso en línea: | http://www.redalyc.org/articulo.oa?id=63125563001 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/50417 |
| _version_ | 1782336503836311552 |
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| author | Densil Williams |
| author_facet | Densil Williams |
| author_sort | Densil Williams |
| collection | Repositorio |
| description | 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. |
| format | artículo científico |
| id | clacso-CLACSO50417 |
| institution | CLACSO, Repositorio Digital |
| language | Inglés |
| publishDate | 2012 |
| publisher | Centro de Investigaciones Comerciales e Iniciativas Académicas |
| record_format | greenstone |
| spelling | clacso-CLACSO504172022-03-17T18:04:55Z International standards and international trade evidence from Caricom economies Densil Williams Administración y Contabilidad International standards Caricom trade panel data 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 2022-03-17T18:04:55Z 2022-03-17T18:04:55Z artículo científico http://www.redalyc.org/articulo.oa?id=63125563001 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/50417 en http://www.redalyc.org/revista.oa?id=631 Forum Empresarial application/pdf Centro de Investigaciones Comerciales e Iniciativas Académicas Forum Empresarial (Puerto Rico) Num.2 Vol.17 |
| spellingShingle | Administración y Contabilidad International standards Caricom trade panel data Densil Williams International standards and international trade evidence from Caricom economies |
| title | International standards and international trade evidence from Caricom economies |
| title_full | International standards and international trade evidence from Caricom economies |
| title_fullStr | International standards and international trade evidence from Caricom economies |
| title_full_unstemmed | International standards and international trade evidence from Caricom economies |
| title_short | International standards and international trade evidence from Caricom economies |
| title_sort | international standards and international trade evidence from caricom economies |
| topic | Administración y Contabilidad International standards Caricom trade panel data |
| url | http://www.redalyc.org/articulo.oa?id=63125563001 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/50417 |