This paper considers the impact on trade of preferential arrangements in Europe since the 1950s. Using a first … difference version of the gravity model, we find that the EEC and EFTA altered the pattern of international trade. We also find … evidence of trade diversion in several cases, notably that of the EEC in the 1960s …

Preferential trade agreements (PTAs) in the Asia-Pacific region have proliferated rapidly over the past five years and … are creating a complex web of intersecting bilateral and regional trade agreements. This paper describes the proliferation …

The literature measuring the impact of Preferential Trade Agreements (PTA) and WTO membership on trade flows has … estimates). Subramanian and Wei (2007) address multilateral resistance comprehensively to report strong WTO trade effects for … allowing for individual trade effects of PTAs. WTO effects vanish and remain insignificant throughout once multilateral …

The paper evaluates the South Asia Free Trade Agreement (SAFTA) within the global structure of overlapping regional … trade agreements (RTAs) using a modified gravity equation. First, it examines the effects of the Trade Liberalization … Program which started in 2006. SAFTA would have a minor effect on regional trade flows and the impact on custom duties would …

Trade theories covering Preferential Trade Agreements (PTAs) are as diverse as the literature in search of their … the empirical strategy, we report clear evidence of Trade Creation, Trade Diversion, and Open Bloc effects. After … controlling for natural trading partner effects, Trade Creation is weaker - except for the EU. To calculate the actual effects of …

The introduction of the euro generated substantial interest in measuring the impact of currency unions (CUs) on trade … flows. Rose''s (2000) initial estimates suggested a tripling of trade and created a literature in search of ""more … reasonable"" CU effects. A recent meta-analysis of this literature shows that subsequent papers quantify CU trade impacts at 30 …

This paper examines the impact of European Economic and Monetary Union (EMU) on trade within the euro area. Using panel … data for 22 industrial countries, the analysis estimates the effect of the euro''s arrival on area-wide trade compared to … bilateral trade flows between other industrial countries. Controlling for other influences according to the ""gravity"" model of …

South-South trade agreements are proliferating: Developing countries signed 70 new agreements between 1990 and 2003 …-South preferential trade agreements stemming from changes in trade patterns. Specifically, it estimates the impact of the Common Market … liberalization has not considerably increased Uganda''s trade with member countries, on average across sectors. The effect, however …

light on the dynamics of trade among CARICOM member countries, as well with the rest of world over 1980–99. Overall, the … time, CARICOM’s trade with the rest of the world has risen as well, fueled notably by the reduction of the arrangement …This paper analyzes trade in the Caribbean community (CARICOM) using a gravity model framework. The paper seeks to shed …

Is the recent proliferation of Regional Trade Agreements (RTAs) in Asia a healthy development, or runs the risk of … results show that membership in the Asian RTAs considered in this study have not, to date, occurred at the expense of trade … and multilateral liberalization, could run the risk of leading to costly trade diversion …