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While global trade talks have been making very little progress in recent years, the number of preferential trade agreements (PTAs) has grown rapidly, and many of these institutions are reaching much deeper into the domestic political arena than traditional multilateral trade liberalization....
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Geography, economic size, or common history, help predicting signed regional trade agreements (RTAs). However, not all signed RTAs are "natural" according to economic determinants. En-dogeneity and general equilibrium effects of RTAS are the two mechanisms addressed in this paper. We estimate...
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' imposing a welfare cost on the rest of the world.Trade liberalization efforts in Latin America have had a positive impact on …
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, revealing that deepening existing agreements (the intensive margin of regional integration) could boost world trade by 5 percent … and world GDP by 1 percent. The expected gains from deepening agreements within or across regions vary depending on the …
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pattern of trade and development in the world economy is determined mainly by history. Cumulative causation has created … are consistent with the world economy, they fall short of providing convincing empirical support for the approach. Using …
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I evaluate in this paper the impact of free trade areas (FTAs) on the world trading system. I use an oligopolistic …
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