Florida is one of the most internationally oriented regional economies in North America. During the 1990s, trade and investment flows in Florida changed substantially. This was partly due to new international trade agreements and partly due to improved economic performances observed in major...

This paper investigates why regional trade arrangements (RTAs) are proliferating extensively and how the effects of multiple RTAs, by interacting with each other, evolve over time. Our empirical analysis, based on an extended gravity model utilizing a large panel data set of 175 countries from...