Trade creation and Trade Diversion in the COMESA: Evidence of Kenya’s import Flows in Food and Live Animals
Journal Title: IOSR Journal of Economics and Finance (IOSR-JEF) - Year 2018, Vol 9, Issue 3
Abstract
The paper used gravity model to analyze trade creation and trade diversion. All continous variables exhibited unit root at levels except for population, but all became stationary after first dfference. It was found that GDP was significant and positive as expected. Kenya’s Population was also positive and significant but the estimate of the exporter population was negative. All were significant at 0.05 level, where P < 0.05. From the analysis, there was evidence of trade creation and trade diversion. It was recomended that the goverment to strongly push for free trade in order to fully realize the benefits therein.
Authors and Affiliations
Harrison Kimutai Yego, Wilfrey Vuhya Siahi
Keywords
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- EP ID EP414841
- DOI 10.9790/5933-0903026066.
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Trade creation and Trade Diversion in the COMESA: Evidence of Kenya’s import Flows in Food and Live Animals
The paper used gravity model to analyze trade creation and trade diversion. All continous variables exhibited unit root at levels except for population, but all became stationary after first dfference. It was found that...