This paper assesses the impacts of the Mercosul Preferential Trade Agreement on Brazil's regions and their industries between 1990 and 2000 by means of a gravity model, extended to include dummy variables for Mercosul, for a Brazilian region and for a industry within a region. The results show...

This paper examines the impact of external shocks and six preferential trade arrangements faced by the Peruvian economy during the period 1950-2007. The focus was the agricultural gross domestic product (GDP), its external and internal components, and the associated two sets of relative prices....