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From 1948 to 1994, the General Agreement on Tariffs and Trade (GATT) Secretariat received 124 indications of Regional Trade Agreements (RTAs) relating to the trade in goods, and since the creation of the World Trade Organization (WTO) in 1995, more than 240 additional RTAs (covering trade in...
Persistent link: https://www.econbiz.de/10011730340
This paper investigates whether a regional bloc would enlarge or remain stagnant in size using a model where enlargement is the endogenous outcome of the interaction between the supply of and demand for membership. We show that a maximum size of the bloc exists beyond which the regional...
Persistent link: https://www.econbiz.de/10005263932
Is the recent proliferation of Regional Trade Agreements (RTAs) in Asia a healthy development, or runs the risk of turning into an unmanageable "noodle bowl" in the future? The goal of this paper is to shed some light on this question. The results show that membership in the Asian RTAs...
Persistent link: https://www.econbiz.de/10005263990
Regional trade arrangements (RTAs) in Africa have been ineffective in promoting trade and foreign direct investment. Relatively high external trade barriers and low resource complementarity between member countries limit both intra- and extraregional trade. Small market size, poor transport...
Persistent link: https://www.econbiz.de/10005768946
Persistent link: https://www.econbiz.de/10008515222
Preferential trade agreements (PTAs) in the Asia-Pacific region have proliferated rapidly over the past five years and are creating a complex web of intersecting bilateral and regional trade agreements. This paper describes the proliferation of these PTAs, discusses their characteristics and...
Persistent link: https://www.econbiz.de/10005599528
WTO accession, this may cause delays that benefit some countries at the expense of others. The paper simulates the welfare … attempt to assess the welfare implications of joining the EAEC as a political and economic entity, but only the welfare …
Persistent link: https://www.econbiz.de/10005769132
national welfare. Peculiarities of trade and economic liberalization of trade through mechanism of regional trade agreements … national economic growth rates and on GDP per capita (as major parameters reflecting national welfare level) was simulated … increasing of national welfare shall occur in Ukraine and China. …
Persistent link: https://www.econbiz.de/10013258982
Persistent link: https://www.econbiz.de/10013440100
This paper explores the ramifications of customs unions (CUs) for multilateral trade cooperation within an economic environment characterized by trade-volume volatility and in a competing-exporters framework. We demonstrate that the parallel formation of different CUs leads to a gradual but...
Persistent link: https://www.econbiz.de/10014357414