The Determinants of Colombian Exports: An Empirical Analysis Using the Gravity Model

This thesis makes use of the gravity model to analyze the effectiveness of EU’s consecutive GSP programs on promoting Colombian exports. It concludes that the European preference systems have been consecutively less effective on boosting Colombian exports over time. This is explained by three major factors: an increasingly more efficient US preference system; a deepening of the Andean integration; and occurrence of EU enlargements. The sectoral analysis reveals that the GSP program of the EU had different effects across sectors.