Una aproximación a las características de los intercambios comerciales entre el MERCOSUR y la UE

Barcelona

Congreso; XXV International Congress of Applied Economics; 2008

International Association Applied Economics

This paper analyses the aggregate commercial relationships between the MERCOSUR and the EU usingan export demand function for the period 1982-2004. While exports react moderately to relative prices,their reaction with respect to trade competitor?s prices is important. Besides, trade partner?s incomeadversely affects trade and the absorption effect seems to be absent. The average long-run price andincome elasticities suggest the EU not to be an attractive destination for MERCOSUR exports, not yet.