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SOUTH-SOUTH TRADE: THE POTENTIAL FOR MAURITIUS

Verena Tandrayen-Ragoobur|NEHA DEVI TENGUR|BHOOTESHTA SEEWOORUTTUN
경제연구소 (Hanyang Economic Research Institute)|2021.09|Journal of Economic Development|제46권 제3호|pp. 45-64|DOI 10.35866/caujed.2021.44.3.003

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키워드

Developing countriesSouth-South TradeGravity Model of Trade
주제분류경제학

초록

The objective of the paper is to investigate into the benefits of South-South for a small country like Mauritius in terms of improved trade. Using, UN Comtrade data for the period 1990 to 2018, the study first analyses Mauritius trade patterns with developing and developed markets. Second, the paper probes into South-South trade across 46 countries over the last 29 years and applies the gravity model of trade, using the Poisson Pseudo Maximum-Likelihood Estimator. There is evidence that South-South trade is beneficial to Mauritius, hence the need for greater diversification of its markets away from the traditional European and US markets. The study further reveals that the small island economy must take advantage of growing consumer demand from developing regions, like Africa, China and India. Mauritius being part of different regional trading blocs helps in improving its trade performance.

Abstract

The objective of the paper is to investigate into the benefits of South-South for a small country like Mauritius in terms of improved trade. Using, UN Comtrade data for the period 1990 to 2018, the study first analyses Mauritius trade patterns with developing and developed markets. Second, the paper probes into South-South trade across 46 countries over the last 29 years and applies the gravity model of trade, using the Poisson Pseudo Maximum-Likelihood Estimator. There is evidence that South-South trade is beneficial to Mauritius, hence the need for greater diversification of its markets away from the traditional European and US markets. The study further reveals that the small island economy must take advantage of growing consumer demand from developing regions, like Africa, China and India. Mauritius being part of different regional trading blocs helps in improving its trade performance.

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