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Constraints on Trade in the MENA region, Hirut Wolde, Rina Bhattacharya

In this paper we estimate gravity models to see whether trade volumes of countries in the MENA region are significantly lower than what would be expected given their economic, cultural and geographical characteristics. Our empirical results show that the variables used in standard gravity models cannot explain a significant part of MENA's trade performance, particularly on exports. We then go on to 'augment' the standard gravity model with relevant variables from the World Bank's Business Enterprise surveys. Our results further show that these variables, and in particular transport constraints and inefficiencies in customs clearance processes, are important in explaining the MENA region's underperformance in trade
Table Of Contents
Contents; I. Introduction; II. Does The MENA Region Trade Too Little?; Figures; 1. Exports of Goods and Services by Region; 2. Exports of Goods and Services in Selected MENA Countries; 3. Non-Oil Exports by Region; 4. Non-Oil Exports in Selected MENA Countries; 5. Imports of Goods by Region; 6. Imports of Goods for Selected MENA Countries; III. Key Constraints on Trade in the Mena Region; IV. The World Bank's Business Enterprise Surveys; 7. Transport and Customs Clearance Constraints by Region and Selected MENA Countries
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (20 p.)
Specific Material Designation
Form Of Item

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