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AGOA or EBA?

Huzell, Martina LU and Dewill, Annie LU (2014) NEKH01 20141
Department of Economics
Abstract (Swedish)
The United States (US) and European Union (EU) both have preferential trade agreements with least developed countries with the aim of increasing trade volumes in order to catalyse development. The US implemented their system, the “African Growth and Opportunity Act” (AGOA) in 2000 and the EU followed with “Everything But Arms” (EBA) in 2001. Since these preference systems have the goal of increasing development by raising export earnings, it is important to analyse whether or not they fulfill their goal and if not, how they should change in order to become more effective. This paper aims at comparing the two systems in order to investigate which system is more effective in its goal of increasing trade volumes. Unlike other studies, this... (More)
The United States (US) and European Union (EU) both have preferential trade agreements with least developed countries with the aim of increasing trade volumes in order to catalyse development. The US implemented their system, the “African Growth and Opportunity Act” (AGOA) in 2000 and the EU followed with “Everything But Arms” (EBA) in 2001. Since these preference systems have the goal of increasing development by raising export earnings, it is important to analyse whether or not they fulfill their goal and if not, how they should change in order to become more effective. This paper aims at comparing the two systems in order to investigate which system is more effective in its goal of increasing trade volumes. Unlike other studies, this paper includes both systems in one model in order make an accurate comparison. Using a gravity model, trade volumes from least developed countries to the US and EU15 were analysed over the time period 1998-2006. The results show that neither AGOA nor EBA have any significant effect on trade volumes, and thus the systems should be reviewed and improved in order to fulfill their goals. (Less)
Please use this url to cite or link to this publication:
author
Huzell, Martina LU and Dewill, Annie LU
supervisor
organization
alternative title
Does the African Growth and Opportunity Act or Everything But Arms have a more significant effect on trade from Least Developed Countries?
course
NEKH01 20141
year
type
M2 - Bachelor Degree
subject
keywords
AGOA EBA LDC trade development
language
English
id
4460259
date added to LUP
2014-06-23 22:12:17
date last changed
2014-06-23 22:12:17
@misc{4460259,
  abstract     = {{The United States (US) and European Union (EU) both have preferential trade agreements with least developed countries with the aim of increasing trade volumes in order to catalyse development. The US implemented their system, the “African Growth and Opportunity Act” (AGOA) in 2000 and the EU followed with “Everything But Arms” (EBA) in 2001. Since these preference systems have the goal of increasing development by raising export earnings, it is important to analyse whether or not they fulfill their goal and if not, how they should change in order to become more effective. This paper aims at comparing the two systems in order to investigate which system is more effective in its goal of increasing trade volumes. Unlike other studies, this paper includes both systems in one model in order make an accurate comparison. Using a gravity model, trade volumes from least developed countries to the US and EU15 were analysed over the time period 1998-2006. The results show that neither AGOA nor EBA have any significant effect on trade volumes, and thus the systems should be reviewed and improved in order to fulfill their goals.}},
  author       = {{Huzell, Martina and Dewill, Annie}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{AGOA or EBA?}},
  year         = {{2014}},
}