Abstract
ABSTRACT We explore the impact of the global financial crisis on export trade flows among member countries of MERCOSUR, NAFTA, ASEAN, Maghreb, and SACU. The analysis also focuses on the role of political rights, exchange rate, and export diversification as control mechanisms during the economic crisis. The results show differentiated patterns of trade creation across regions. We found an annual reduction (increment) in the gains of MERCOSUR and ASEAN (NAFTA, Maghreb, and SACU) members during the years after the global financial crisis. We also found that export concentration was the sole robust mechanism enhancing the volume of exports.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
