Gradualism and dynamic trade adjustment: Revisiting the pro-trade effect of free trade agreements

Do pro-trade effects of free trade agreements reflect timing of policy or dynamic trade adjustment? Only the latter involves dynamic welfare gains. I find that dynamic trade adjustment is as important as the immediate impact effect of free trade agreements.

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Year of publication:	2012
Authors:	Jung, Benjamin
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 115.2012, 1, p. 63-66
Publisher:	Elsevier
Subject:	International bilateral trade \| Free trade agreements \| Trust \| Dynamic panel data

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Type of publication:	Article
Classification:	F14 - Country and Industry Studies of Trade ; F15 - Economic Integration
Source:	RePEc - Research Papers in Economics

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