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Evaluation of the Mexico-European Union Free Trade Agreement using a Gravity Model

Author

Listed:
  • Jordi Bacaria-Colom

    (Catedrático, Departamento de Estudios Internacionales, Instituto Tecnológico Autónomo de México (ITAM). México, D.F. Mexico.)

  • María Isabel Osorio-Caballero

    (Investigadora en formación, Departamento de Economía Aplicada, Universidad Autónoma de Barcelona. Spain.)

  • Andrés Artal-Tur

    (Profesor-investigador, Departamento de Economía, Universidad Politécnica de Cartagena, Spain.)

Abstract

The Free Trade Agreement between the European Union and Mexico (EUMFTA) was enforced in 2000, becoming one of the most important transatlantic trade agreements. The goal of this research is to analyze the results of this agreement a decade after the signature. A gravity model is estimated for a sample of 60 countries along the period 1994-2011. The results indicate that such an agreement has given rise to an increase in the bilateral trade flows between these two commercial partners.

Suggested Citation

  • Jordi Bacaria-Colom & María Isabel Osorio-Caballero & Andrés Artal-Tur, 2013. "Evaluation of the Mexico-European Union Free Trade Agreement using a Gravity Model," Economía Mexicana NUEVA ÉPOCA, CIDE, División de Economía, vol. 0(3, Cierre), pages 143-163.
    • Handle: RePEc:emc:ecomex:v:22:y:2013:i:3:p:143-163
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    File URL: http://www.economiamexicana.cide.edu/num_anteriores/Cierre-1/04_EM_Jordi_Bacaria_(143-163).pdf
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    More about this item

    Keywords

    gravity equation; bilateral flows; Free Trade Agreement Mexico-European Union.;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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