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We show that multilateral tariff binding liberalization substantially impacts the nature and extent of Preferential Trade Agreement (PTA) formation. First, it shapes the nature of forces constraining expansion of Free Trade Agreements (FTAs). The constraining force is a free riding incentive of...
Persistent link: https://www.econbiz.de/10012029164
The number of preferential trade agreements has greatly increased over the past two decades, yet most existing bilateral arrangements take the form of free trade areas, and less than ten percent can be considered to be fully fledged customs unions. This paper develops a political economy model...
Persistent link: https://www.econbiz.de/10003771814
This paper reviews the most significant recent developments in the theory of trade agreements. The paper offers an …
Persistent link: https://www.econbiz.de/10003850514
the silent success story of regional integration. Throughout the world, CUs have been superseding earlier FTAs, as new …
Persistent link: https://www.econbiz.de/10011487987
We study, theoretically and empirically, how countries choose intra-bloc tariffs and preferential margins when they form Preferential Trade Agreements (PTAs). Our model indicates that countries should set systematically lower preferential margins when the bloc takes the form of a free trade area...
Persistent link: https://www.econbiz.de/10012603023
promoting their integration. Given East Asia's spectacular success with integrating into GVCs, we first assess the probability … as a conduit into GVCs. However, there may be substantial obstacles to deepening this integration potential. Other … chains (RVCs) rather than prioritise GVC integration. We argue that RVCs are complements to GVCs. SACU countries, excluding …
Persistent link: https://www.econbiz.de/10011457940
We use a unique case study to estimate the effect of withdrawing from a free trade agreement on international trade. Lately, the political opposition to international economic cooperation has been on the rise, but little is known about how the withdrawal from a trade agreement affects trade. We...
Persistent link: https://www.econbiz.de/10012421152
This paper addresses two main questions: (a) Has European integration hindered the implementation of labour, financial …
Persistent link: https://www.econbiz.de/10012291887
We use a quantitative model to study the implications of European integration for welfare and migration flows across 1 …
Persistent link: https://www.econbiz.de/10011587896
countries' economic integration agreements (EIAs). In 2016, "Brexit" was passed in a United Kingdom referendum. Moreover, in … gains (or losses) from an economic integration agreement's formation (or elimination). …
Persistent link: https://www.econbiz.de/10012026353