The Changing Trade Pattern of Emerging Economies: Gravity Model of Ghana's Trade Flow

11 Pages Posted: 15 Jan 2009

See all articles by Anokye M. Adam

Anokye M. Adam

University of Cape Coast - School of Business

George Tweneboah

University of Leicester - School of Management

Date Written: December 8, 2008

Abstract

This paper applies the augmented gravity model to study the changing pattern of Ghana's bilateral trade flows and to extract practical trade policy implications. Economic classification dummies are included in the gravity equation to characterize the peculiarity of South-South and North-South trade patterns. The result indicates that Ghana's trade especially the export sector has greater trading potential with the emerging and developing economies than the high income economies.

Keywords: augmented gravity model, trade potential, direction of bilateral trade

JEL Classification: F12, F14, F15

Suggested Citation

Adam, Anokye M. and Tweneboah, George, The Changing Trade Pattern of Emerging Economies: Gravity Model of Ghana's Trade Flow (December 8, 2008). Available at SSRN: https://ssrn.com/abstract=1327569 or http://dx.doi.org/10.2139/ssrn.1327569

Anokye M. Adam (Contact Author)

University of Cape Coast - School of Business ( email )

Cape coast
Ghana

George Tweneboah

University of Leicester - School of Management ( email )

United Kingdom

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