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79313

STANDARD ESTIMATION FOR TRADE FLOW BETWEEN EGYPT AND EU WITH GRAVITY MODEL

Article

Last updated: 04 Jan 2025

Subjects

-

Tags

Agricultural Economics and Rural Development

Abstract

Despite Egypt's signing of many trade agreements and joining many international economic blocs that are supposed to contribute to increase trade flow between Egypt and these countries, however, statistics indicate weak economic performance in the field of foreign trade in general and agricultural ones in particular. The total value of exports was estimated at $ 26.2 billion in 2017, while the total value of imports was estimated at $ 66.5 billion in 2017, which means that there is a deficit in the total trade balance estimated at
$ 40.2 billion, while the rate of export coverage of imports is estimated at 39.5%. The research aims at studying and analyzing the effects of trade agreements signed by Egypt with some international economic blocs on agricultural foreign trade through studying the current situation of the Egyptian trade balance, studying the current situation of the Egyptian agricultural balance, and the standard estimation of the flow of trade between Egypt and the European Union. The results of gravity model showed the results of the regression model (OLS) during the period (2013-2017) that the overall performance of the model looks good with a coefficient of determination of about 0.56, which means that the gravity model is efficient in explaining the bilateral trade flow of Egypt with the EU. The results of the model showed that the logarithm of the GDP of Egypt with each EU country is highly significant, with a coefficient of this variable estimated at 0.90.

DOI

10.21608/sinjas.2019.79313

Keywords

gravity model, Eu, foreign trade

Authors

First Name

Mohamed

Last Name

El-Ghazal

MiddleName

A.M.

Affiliation

-

Email

eng.m.ahmed123@gmail.com

City

North Sinai

Orcid

-

First Name

Mohamed

Last Name

ElSayed

MiddleName

A.

Affiliation

Dept. Econ. and Rural Develop., Fac. Environ. Agric. Sci., Arish Univ., Egypt.

Email

melsayed@aru.edu.eg

City

New Cairo

Orcid

0000-0003-3738-2535

First Name

Reyad

Last Name

Radwan

MiddleName

I.M.

Affiliation

Dept. Econ. and Rural Develop., Fac. Environ. Agric. Sci., Arish Univ., Egypt.

Email

r_radwan@aru.edu.eg

City

North Sinai

Orcid

0000-0002-0784-9205

Volume

8

Article Issue

3

Related Issue

11844

Issue Date

2019-12-01

Receive Date

2019-10-10

Publish Date

2019-12-01

Page Start

291

Page End

298

Print ISSN

2314-6079

Online ISSN

2682-3527

Link

https://sinjas.journals.ekb.eg/article_79313.html

Detail API

https://sinjas.journals.ekb.eg/service?article_code=79313

Order

7

Type Code

1,210

Publication Type

Journal

Publication Title

Sinai Journal of Applied Sciences

Publication Link

https://sinjas.journals.ekb.eg/

MainTitle

STANDARD ESTIMATION FOR TRADE FLOW BETWEEN EGYPT AND EU WITH GRAVITY MODEL

Details

Type

Article

Created At

22 Jan 2023