dc.contributor.author | Kisiavuki, Benjamin A | |
dc.date.accessioned | 2013-05-17T06:31:20Z | |
dc.date.available | 2013-05-17T06:31:20Z | |
dc.date.issued | 2005 | |
dc.identifier.citation | Master of Science in Statistics | en |
dc.identifier.uri | http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/23713 | |
dc.description.abstract | Regional economic integration has been adopted as a policy in different regions to respond
to the challenges of globalization brought about by WTo. Kenya's trade liberalization policies
of 1991 and liberalization of the other COMESA countries have opened up increasing scope
for trade co-operation with the rest of the World, particularly with Europe. Development cooperation
between the EU and the countries of COMESA is a precondition for their trade
expansion. Canonical Correlation Analysis is used when we have two data sets which we
believe have some underlying correlation. Hence, an attempt has been made in this project to
study the trade synchronization between the two blocs in the framework of globalization using
canonical correlation analysis. It has been observed that COMESA has been exporting mainly
to EU countries in comparison to other industrialized countries like USA and Japan. Though
COMESA countries are taking advantage with EU's offer of preferences and increasing their
market access to EU, the region as a composite unit could not be benefited due to unstable
trade policies. However, the possibility of trade integration between COMESA and EU could
be identified due to intra trade relations leading to inter-trade thereby establishing a trade
synchronization with a maximum canonical correlation. | en |
dc.description.sponsorship | University of Nairobi | en |
dc.language.iso | en | en |
dc.title | Canonical correlation analysis to model trade synchronization between trading blocs | en |
dc.type | Thesis | en |