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The effects of Regional Trade Agreements (RTAs) are disputed. In this paper, we assess these effects using capital market data and an event-study approach, using a daily data set covering a thousand announcements spanning over eighty economies and a hundred RTAs over twenty recent years. We...
Persistent link: https://www.econbiz.de/10013120297
The effects of Regional Trade Agreements (RTAs) are disputed. In this paper, we assess these effects using capital market data and an event-study approach, using a daily data set covering a thousand announcements spanning over eighty economies and a hundred RTAs over twenty recent years. We...
Persistent link: https://www.econbiz.de/10012461243
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The spread of Asia’s free trade agreements (FTAs) has sparked an important debate on the impact of such agreements on business activity. This pioneering study uses new evidence from surveys of East Asian exporters – including Japan, the People’s Republic of China, the Republic of Korea and...
Persistent link: https://www.econbiz.de/10011851450
This paper presents new data on the content of preferential trade agreements. The data contain detailed information on the 18 policy areas most frequently covered in preferential trade agreements, focusing on the stated objectives, substantive commitments, and other aspects such as transparency,...
Persistent link: https://www.econbiz.de/10012241390
We develop a new theoretical framework of trade agreement (TA) formation, called a "parallel contest", that emphasizes the political fight over TA ratification within countries. TA ratification is inherently uncertain in each country, where anti- and pro-trade interest groups contest each other...
Persistent link: https://www.econbiz.de/10011814580
growth of networks of interdependence within multinational regions of the world. The recent decades arecharacterized by the … fact that the world trade grew faster than world output, which implies that an increasing share of world GDP crosses … economic integration is being created within a few specific regions of the world: Europe, North America and East Asia. …
Persistent link: https://www.econbiz.de/10011992014