Papageorgiou, Chris; Henn, Christian; Eicher, Theo S. - International Monetary Fund (IMF) - 2008
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 …