Lee, Jong-Wha; Park, Innwon; Shin, Kwanho - EconWPA - 2005
This paper investigates why regional trade arrangements (RTAs) are proliferating extensively and how the effects of … utilizing a large panel data set of 175 countries from 1948 to 1999, shows that RTAs on average increase global trade by raising … intra-bloc trade without damaging extra-bloc trade. The net trade effects, however, heavily depend on the types of RTA …