SOUTH-SOUTH TRADE: THE POTENTIAL FOR MAURITIUS

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...

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Bibliographic Details
Published in:Journal of economic development 2021, 46(3), 183, pp.45-64
Main Authors: Ragoobur, Verena Tandrayen, Tengur, Neha Devi, Seewooruttun, Bhooteshta
Format: Article
Language:English
Subjects:
Cooperation
Developing countries
Economic development
Endowment
Industrialized nations
International trade
LDCs
경제학
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Summary: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.
ISSN:0254-8372
DOI:10.35866/caujed.2021.44.3.003