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This paper reviews the most significant recent developments in the theory of trade agreements. The paper offers an integrated approach to evaluating trade agreements, and uses the approach to present results on preferential and multilateral trade agreements. The paper identifies also several...
Persistent link: https://www.econbiz.de/10013316371
In a three-country model of endogenous trade agreements, we study the implications of the Most Favored Nation Clause (MFN) when countries are free to form discriminatory preferential trade agreements (PTAs). While PTA members discriminate against non-member countries, MFN requires non-members to...
Persistent link: https://www.econbiz.de/10012839848
We develop a novel two-stage methodology that allows us to study the empirical determinants of the ex post effects of past free trade agreements (FTAs) as well as obtain ex ante predictions for the effects of future FTAs. We first identify 908 unique estimates of the effects of FTAs on different...
Persistent link: https://www.econbiz.de/10012977471
the “coherence gap” in global governance. This paper examines the contribution that the WTO can make in its three areas of … argument that could be made for the use of WTO-triggered trade actions to enforce cooperative behaviour towards rebalancing …
Persistent link: https://www.econbiz.de/10013315818
Asia accounts for more than 30% of world GDP and contributes half of the global growth in recent years. Despite high …
Persistent link: https://www.econbiz.de/10013317319
While “mega FTAs” and WTO-driven efforts at multilateral liberalisation dominate the agenda, customs unions (CU) are … the silent success story of regional integration. Throughout the world, CUs have been superseding earlier FTAs, as new …
Persistent link: https://www.econbiz.de/10012986938
This paper provides a quantitative analysis of the new EU-Japan free trade agreement (FTA), the biggest bilateral deal that both the EU and Japan have concluded so far. It employs a generalized variant of the Eaton-Kortum (2002) model, featuring multiple sectors, input-output linkages, services...
Persistent link: https://www.econbiz.de/10012908655
world. This raises the issue of the relationship between economic and political integration. The theoretical model shows … that, in an insecure world, the interplays between security and economic forces shape the decision to form a regional …
Persistent link: https://www.econbiz.de/10013317345
We develop a new theoretical framework of trade agreement (TA) formation, called a ‘parallel contest', that emphasizes the political fight over TA ratification within countries. TA ratification is inherently uncertain in each country, where anti- and pro-trade interest groups contest each...
Persistent link: https://www.econbiz.de/10012918999
since the Uruguay Round (1986 to 1994). It would create a free trade zone covering 45% of world GDP. However, critics … gains for Germany (3.5%), Europe (3.9%), and the world (1.6%), but that it could also harm third countries …
Persistent link: https://www.econbiz.de/10013044668