| Description |
1 online resource (43 pages) : illustrations (some color) |
| Series |
IMF working paper, 2227-8885 ; WP/10/59 |
|
IMF working paper ; WP/10/59.
|
| Contents |
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Historical Overview of European Union Preference Regimes; III. Macroeconomic Effects of Preference Erosion for Bananas-Literature Review; A. Global Effects of Agricultural Trade Liberalization; 1. Value of Preferences and Resource Cost; B. The Impact of Preference Erosion on Exporting Countries; C. The Impact of Preference Erosion on Caribbean Countries; IV. Quantification of Implicit Assistance from Banana Trade Preferences; A. Methodological Considerations; B. Evolution of Banana Export Prices, Quantities and Values |
|
C. Estimation of Implicit Assistance1. Windward Islands: Implicit Assistance from EU Banana Preferences, 1995-2008; 2. Windward Islands: Nominal External Assistance; V. Econometric Estimation of the Macroeconomic Impact of Implicit Assistance; A. Correlation Analysis; 2. Windward Islands: Correlation Between Variables; B. VAR Analysis on Macroeconomic Effects of Implicit Assistance; 3. Windward Islands: Panel Unit Root Tests; 3. Windward Islands: Impulse Response Functions; 4. Windward Islands: Variance Decomposition; VI. Concluding Remarks; I. Data Sources and Issues |
|
II. Impulse Response Functions for Individual CountriesIII. Variance Decomposition for Individual Countries; IV. Windward Islands: Impulse Response Functions with Control Variables; References; Footnotes |
| Summary |
This paper examines the macroeconomic effects of the erosion of trade preferences, with a focus on the export of Caribbean bananas to Europe. Estimates are made of the magnitude of implicit assistance provided over a period of three decades to eastern Caribbean countries through banana trade preferences. The value of such assistance rose until the early 1990s, and has declined precipitously since then. Using vector autoregressive analysis, the paper finds that changes in the level of implicit assistance have had a considerable macroeconomic impact, especially on Caribbean real GDP growth |
| Bibliography |
Includes bibliographical references |
| Subject |
Banana trade -- Caribbean Area
|
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Banana trade -- Caribbean Area -- Econometric models
|
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Tariff preferences -- Caribbean Area
|
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Tariff preferences -- Caribbean Area -- Econometric models
|
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Banana trade
|
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Tariff preferences
|
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Tariff preferences -- Econometric models
|
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Caribbean Area
|
| Form |
Electronic book
|
| Author |
Cashin, Paul, author.
|
|
Haines, Cleary, author.
|
|
International Monetary Fund. Middle East and Central Asia Department, issuing body.
|
| ISBN |
9781452769219 |
|
1452769214 |
|
1451999038 |
|
9781451999037 |
|
1462311350 |
|
9781462311354 |
|
1282845489 |
|
9781282845480 |
|
9786612845482 |
|
6612845481 |
|
1451963793 |
|
9781451963793 |
|
