International Journal of Mathematical, Engineering and Management Sciences

ISSN: 2455-7749

Application of Chow Test to Estimate the Effect of Mutual Recognition Agreements

Iosif Z. Aronov
Department of Trade and Trade regulation, MGIMO (Moscow State Institute of International Relations) University, Moscow, Russia. International Trade and Integration (ITI) Research Center, Moscow, Russia.

Anna M. Rybakova
Department of Trade and Trade Regulation, MGIMO (Moscow State Institute of International Relations) University, Moscow, Russia. Department of Trade Barriers Analysis, International Trade and Integration (ITI) Research Center Moscow, Russia.

Vladimir Yu. Salamatov
Department of Trade and Trade Regulation, MGIMO (Moscow State Institute of International Relations) University, Moscow, Russia; International Trade and Integration (ITI) Research Center, Moscow, Russia.

Anna V. Tangaeva
Trade Regime Analysis Division, International Trade and Integration (ITI) Research Center, Moscow, Russia.

Nataliia M. Galkina
Department of Trade Barriers Analysis, International Trade and Integration (ITI) Research Center, Moscow, Russia.

DOI https://dx.doi.org/10.33889/IJMEMS.2019.4.3-047

Received on January 04, 2019
  ;
Accepted on February 10, 2019

Abstract

This article presents the research results on Mutual Recognition Agreement effect on the volume of exports – imports of the countries (parties) in the context of the EU – Israel Mutual Recognition Agreement. The authors used the Chow test to obtain the results. The article shows that there is no good reason to believe that Mutual Recognition Agreements boost the volume of mutual trade, at least, of pharmaceutical products. In other words, Mutual Recognition Agreements do not contribute to the growth in the number of exporters. It is concluded that the primary effect of such agreements is to facilitate conformity assessment procedures.

Keywords- Export, Technical regulation, Mutual recognition agreement, Barriers in trade, Chow test.

Citation

Aronov, I. Z., Rybakova, A. M., Salamatov, V. Y., Tangaeva, A. V., & Galkina, N. M. (2019). Application of Chow Test to Estimate the Effect of Mutual Recognition Agreements. International Journal of Mathematical, Engineering and Management Sciences, 4(3), 591-600. https://dx.doi.org/10.33889/IJMEMS.2019.4.3-047.

Conflict of Interest

The authors confirm that there is no conflict of interest to declare for this publication.

Acknowledgements

The authors would like to express their thanks to the reviewers for their valuable suggestions towards the improvement of the paper.

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