ECOWAS Trade Relations with The European Union: Is There Any Evidence of Intra-Industry Trade?

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F17%3A10235771" target="_blank" >RIV/61989100:27510/17:10235771 - isvavai.cz</a>

Result on the web

<a href="http://mijournal.cz/wp-content/uploads/2017/06/01_ECOWAS-TRADE-RELATIONS-WITH-THE-EUROPEAN-UNION-IS-THERE-ANY-EVIDENCE-OF-INTRA-INDUSTRY-TRADE3.pdf" target="_blank" >http://mijournal.cz/wp-content/uploads/2017/06/01_ECOWAS-TRADE-RELATIONS-WITH-THE-EUROPEAN-UNION-IS-THERE-ANY-EVIDENCE-OF-INTRA-INDUSTRY-TRADE3.pdf</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

ECOWAS Trade Relations with The European Union: Is There Any Evidence of Intra-Industry Trade?

Original language description

The Economic Community of West African States, as the community bringing together 15 states, is very important trading partner of the European Union. They liberalize their trade relations under the Economic Partnership Agreement signed in February 2014. Level of the structural adjustment costs connected with this Agreement will be dependent, inter alia, on the level of their intra-industry trade. Because of existing economic differences, we assume that their intra-industry trade will be low. Therefore, information that is more valuable can give us evaluation of its development in time. This paper examines the ECOWAS-EU trade flows within 20-year period between years 1995 and 2015 with the aim to identify and assess the level of intra-industry trade between them. We deal with the concept of intra-industry trade introduced by Grubel and Lloyd; and apply standard methods of the measurement of intra-industry trade introduced in the 1990s in this paper. Our empirical analysis confirmed our hypothesis that, because of existing differences in economic development, the level of intra-industry trade would be low. Within some product groups, the Grubel-Lloyd index indicated us quite high level of intra-industry trade, however the value of average GL for all product groups was really low and did not exceed value of 0,15. When we looked at long-term development of intra-industry trade, with application of the concept of marginal intra-industry trade and Brülhart&apos;s index A, we did not observe any significant progress or long-term trend. On average, observed value of index A was low for all product groups within the whole period. Low values of index A indicate that the changes of trade can be marked as inter-industrial and can be probably connected with relatively higher factors&apos; adjustment costs. Founded values of GL index indicate us that the level of adjustment costs connected with the Economic Partnership Agreement signed by the ECOWAS and the European Union can be high.

Czech name

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Czech description

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Type

J_ost - Miscellaneous article in a specialist periodical

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2017

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Ekonomika - Management - Inovace

ISSN

1804-1299

e-ISSN

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Volume of the periodical

9

Issue of the periodical within the volume

1

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

12

Pages from-to

5-16

UT code for WoS article

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EID of the result in the Scopus database

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