Hosein, Roger, Boodram, Leera, Saridakis, George (2022) The impact of Spanish immigrants on the Trinidad and Tobago’s economy: can Spanish as a second language promote trade? The Journal of International Trade & Economic Development, 31 (1). pp. 136-159. ISSN 0963-8199. E-ISSN 1469-9559. (doi:10.1080/09638199.2021.1962955) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:90232)
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Official URL: https://doi.org/10.1080/09638199.2021.1962955 |
Abstract
This paper examines the extent to which having Spanish as a second language influences trade in Trinidad and Tobago (T&T). Our study is motivated by the inflow of Venezuelan migrants into T&T on account of political and economic tensions in Venezuela. This influx of immigrants can positively impact the T&T economy using the Rybczynski theorem. This is necessary given that the country faces an aging population and a decline in trade with traditional trade partners. Gravity modelling including Pooled OLS, Fixed Effects Model, Random Effects Model and the Poisson-Pseudo Maximum Likelihood method are used to examine whether language affects T&T’s extra-regional trade with Spanish speaking countries. It is determined that language is a significant factor in promoting trade in T&T, increasing bilateral trade and exports. The impact of Spanish immigrants on the T&T economy reduces the loss of exports as compared to if Spanish immigrants were absent. We suggest an intensification of the adoption of Spanish as a second language in T&T in order to promote trade with other Spanish speaking countries as it would reduce communication costs.
Item Type: | Article |
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DOI/Identification number: | 10.1080/09638199.2021.1962955 |
Uncontrolled keywords: | Trade ; immigration; language; Trinidad and Tobago |
Subjects: | H Social Sciences > HF Commerce > HF5351 Business |
Divisions: | Divisions > Kent Business School - Division > Department of Marketing, Entrepreneurship and International Business |
Depositing User: | George Saridakis |
Date Deposited: | 15 Sep 2021 12:34 UTC |
Last Modified: | 05 Nov 2024 12:56 UTC |
Resource URI: | https://kar.kent.ac.uk/id/eprint/90232 (The current URI for this page, for reference purposes) |
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