some new insights into trade potential between the eu and its mediterranean partners一些新的见解欧盟和地中海伙伴之间的贸易潜力.pdf

Hindawi Publishing Corporation Economics Research International Volume 2012, Article ID 616793, 15 pages doi:10.1155/2012/616793 Research Article Some New Insights into Trade Potential between the EU and Its Mediterranean Partners ´ Nicolas Peridy ´ UFR Sciences Economiques et de Gestion, Universite du Sud Toulon-Var (LEAD), Avenue de l’Universite, ´ ´ BP 20934, 83957 La Garde Cedex, France ´ Correspondence should be addressed to Nicolas Peridy, nicolas.peridy@univ-tln.fr Received 22 March 2012; Accepted 3 May 2012 Academic Editor: Almas Heshmati ´ Copyright © 2012 Nicolas Peridy. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. This paper provides new insights into the calculation of trade potential between the EU and its Southern and Eastern Mediterranean partners (MPs). It is based on an econometric specification which takes into account some new explanatory variables which are not included simultaneously in the previous studies. These include trade costs (tariffs, NTBs, and logistics costs), factor movement (migration and FDI), as well as governance. In addition, specific estimators are implemented in order to account for zero trade flows, endogeneity and dynamics. The main conclusion of this study is that contrary to some results found in previous studies, MPs have reached their export potential with th