Moser, Christoph; Rose, Andrew K. - In: European Economic Review 68 (2014) C, pp. 31-47
The consequences of regional trade agreements (RTAs) on countries׳ welfare are disputed. In this paper, we assess these effects using stock returns from a recent data set that spans over 200 RTA announcements, 80 economies, and 20 years. We measure the effects of news concerning RTAs on the...