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Analysing the trade potential of SIDs with a focus on CARICOM’s small resource exporters

Hosein, Roger, Satnarine-Singh, Nirvana, Saridakis, George (2024) Analysing the trade potential of SIDs with a focus on CARICOM’s small resource exporters. Journal of International Trade & Economic Development, 33 (2). pp. 199-222. ISSN 0963-8199. E-ISSN 1469-9559. (doi:10.1080/09638199.2023.2168297) (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:99513)

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. (Contact us about this Publication)
Official URL:
https://doi.org/10.1080/09638199.2023.2168297

Abstract

For developing economies, exporting broadens the horizon for facilitating effective integration into the global economy and improving overall competitiveness. While small developing states are particularly at high risk given their fundamental characteristics, the expected impact of these exogenous shocks on small resource dependent economies are amplified given the high possibility of lower levels of diversification. This paper therefore assesses the determinants of exports and exporting potential of SIDS (small island developing states) with a focus on Caribbean resource-based countries. Using non resource exports, in an aggregate and disaggregate form, as the dependent variable, the traditional gravity model was augmented to include a revealed comparative advantage (RCA) index, the real effective exchange rate (REER) of the exporter and the export sophistication (EXPY) index. The main findings indicate that an appreciation of the REER has an inverse impact on exports of non-resource commodities and that trade according to comparative advantage and differences in export sophistication occurs mainly in the agricultural sector.

Item Type: Article
DOI/Identification number: 10.1080/09638199.2023.2168297
Uncontrolled keywords: Gravity model, comparative advantage, Dutch disease
Subjects: H Social Sciences
Divisions: Divisions > Kent Business School - Division > Department of Marketing, Entrepreneurship and International Business
Depositing User: George Saridakis
Date Deposited: 13 Jan 2023 20:14 UTC
Last Modified: 27 Feb 2024 22:17 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/99513 (The current URI for this page, for reference purposes)

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