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Recent years have seen a surge in economic integration agreements (EIAs) and the development of non-tariff measures (NTMs). As a consequence, a growing number of EIAs include provisions on NTMs. However, little attention has been given in the literature to the effects of NTM liberalization in...
Persistent link: https://www.econbiz.de/10012973743
Do regional trade agreements negatively impact non-members? This paper revisits this long-standing trade policy question using firm-level data and detailed information on the content of trade agreements. Differently from the conventional view on trade diversion, the analysis identifies a...
Persistent link: https://www.econbiz.de/10012858954
This paper reviews the theoretical and empirical literature on regionalism. The formation of regional trade agreements has been, by far, the most popular form of reciprocal trade liberalization in the past 15 years. The discriminatory character of these agreements has raised three main concerns:...
Persistent link: https://www.econbiz.de/10012976529
The World Trade Organization has been until recently an effective framework for cooperation because it has continually … mechanism that has driven the World Trade Organization process to previous successes. The second is new restraints on …
Persistent link: https://www.econbiz.de/10012975577
How does geographic distance affect the impact of trade agreements on bilateral exports, and through what channels? This paper examines this questions in a gravity model context for different types of goods for 185 countries over the period 1965-2010. Three stylized facts emerge. First, although...
Persistent link: https://www.econbiz.de/10012968195
Participation in global value chains is a key element in the industrialization strategies of many developing nations. This paper investigates the role of services liberalization in promoting participation in global value chains. Using the gravity framework, it examines the impact of services...
Persistent link: https://www.econbiz.de/10012912353
successful among them, with an estimated positive impact on its members' imports from the rest of the world (hence no trade … diversion), but its impact on their exports to the rest of the world is rather limited. During its first 10 years of existence …, ECOWAS appears to have had a positive impact on its members' imports from the rest of the world (hence no trade diversion …
Persistent link: https://www.econbiz.de/10012747754
The authors provide an overview of the preferential rules of origin in East Asia, highlighting the aspects that might possibly generate some trade-chilling effects. They review characteristics of existing preferential trade agreements with special emphasis on lessons from the European...
Persistent link: https://www.econbiz.de/10012747697
The main objective of this paper is to provide an ex-ante assessment of the poverty and income distribution impacts of the Central American Free Trade Area agreement on Nicaragua. The authors use a general equilibrium macro model to simulate trade reform scenarios and estimate their price...
Persistent link: https://www.econbiz.de/10012748074
This paper takes a first look at the trade effects of China's Belt and Road Initiative, also referred to as the New Silk Road, on the 71 countries potentially involved. The initiative consists of several infrastructure investment projects to improve the land and maritime transportation in the...
Persistent link: https://www.econbiz.de/10012895212