The purpose of this paper is to analyse the political economy of preferential trade agreements based on a sequential non-cooperative Stackelberg political game between a large economy and a small one, in which the political dispute of rival lobby groups defines the unilateral stance of both...

Krishna (1998) shows that a bilateral agreement between two countries render a multilateral agreement less attractive if the bilateral agreement is trade diverting. This paper combines Krishna’s model with the empirical approach of Anderson and van Wincoop (2003) to show that the estimated...

This IDB Working Paper is intended to provide an overview of how the agricultural sector is treated in regional trade agreements (RTAs) involving Latin American countries, whose exports tend to be more oriented towards agriculture. The paper compares the treatment of agriculture in RTAs between...