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PDF, GB, 139 p., 796 Ko - Femise

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[3.67]*** [1.83]*<br />

Yi (partner) 1.149 1.168 1.166 1.176 1.155 1.144 1.182<br />

[44.52]*** [51.44]*** [56.40]*** [44.80]*** [46.40]*** [54.63]*** [50.40]***<br />

Yj (reporting) -0.309 -1.072 -0.684 -1.156 1.263 -0.368<br />

[0.89] [3.88]*** [1.82]* [3.35]*** [4.05]*** [1.12]<br />

K/Li (partner) 0.706 0.488 0.501 1.052 0.586 0.629 0.691<br />

[14.47]*** [11.26]*** [11.73]*** [20.82]*** [14.01]*** [15.68]*** [16.57]***<br />

K/Lj (reporting)<br />

DISTANCEij -0.752 -0.846 -1.014 -0.626 -0.799 -1.235 -0.958<br />

[13.49]*** [15.69]*** [21.26]*** [9.88]*** [14.96]*** [27.10]*** [16.42]***<br />

COLONYij 1.795 1.488 1.155 -0.113 1.14<br />

[10.31]*** [8.47]*** [7.43]*** [0.66] [10.24]***<br />

COLONIZERij 1.617 0.89 0.9 0.083 0.515 -1.032 0.991<br />

[11.15]*** [6.14]*** [8.24]*** [0.59] [5.80]*** [7.93]*** [6.18]***<br />

ARABICij -0.153 0.534 0.919 0.496 0.751 0.386<br />

[1.22] [4.23]*** [8.18]*** [3.68]*** [4.74]*** [3.03]***<br />

TURKISHij -0.782<br />

[2.46]**<br />

CONTIGUITYij 0.294 -0.971 -1.379 -0.095 0.393 1.112 -0.439<br />

[0.78] [1.86]* [5.63]*** [0.18] [1.26] [7.39]*** [1.55]<br />

Constant -19.743 -10.454 8.781 -7.414 7.476 -47.58 -9.113<br />

[21.59]*** [1.21] [1.28] [0.77] [0.92] [5.72]*** [1.06]<br />

Observations 2597 2779 2730 2402 2351 2936 2782<br />

R-squared 0.62 0.64 0.68 0.69 0.64 0.72 0.64<br />

F test: time dum. 4.05 1.24 0.46 0.91 1.03 1.77 1.39<br />

Prob > F 0.00 0.20 0.99 0.59 0.42 0.01 0.10<br />

Notes: - ***, **, * significant at the 1%, 5% and 10% levels of statistical significance,<br />

respectively.<br />

We find that not all the MPCs were able to benefit equally from the EU Association<br />

Agreements. In the case of bilateral imports we obtain positive and statistically significant<br />

coefficients of the indicator variables for the EU Association Agreements only for Israel,<br />

Jordan, Morocco and Tunisia, and in the case of bilateral exports only for Tunisia. The results<br />

obtained for bilateral trade agreements concluded between the future members of the Agadir<br />

group where not robust.<br />

In particular, when we looked at their bilateral imports it turned out that the only bilateral<br />

agreement that stimulated imports of both countries was the agreement concluded between<br />

Jordan and Morocco. However, when we looked at bilateral exports it turned out that this<br />

agreement was effective only for Morocco and Jordan’s exports to Morocco did not increase<br />

as the previous set of estimates might suggest. Similarly, the results obtained for the<br />

agreement concluded between Jordan and Tunisia suggest that it was effective in stimulating<br />

exports of both countries while when we looked at the results obtained for bilateral imports it<br />

turned out that this agreement was effective only in stimulating exports from Tunisia to<br />

Jordan.<br />

61

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