Martin, Philippe; Mayer, Thierry; Thoenig, Mathias - In: American Economic Journal: Macroeconomics 4 (2012) 4, pp. 1-35
In addition to standard trade gains, regional trade agreements (RTAs) can promote peaceful relations by increasing the opportunity cost of conflicts. Country pairs with large trade gains from RTAs and a high probability of conflict should be more likely to sign an RTA. Using data from 1950 to...
