Felicitas Nowak-Lehmann D.; Zarzoso, Inmaculada Martínez- - EconWPA - 2003
This paper applies a dynamic macroeconomic trade model to assess Mercosur-European Union trade. Looking at export supply of Mercosur countries (the four formal members plus Chile), the role of the real exchange rate, income and the income-absorption surplus or deficit are evaluated. Special...