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Trade re(im)balanced : the role of regional trade agreements

Sokolova, Maria V. - 2016 - This version: May 2016

This paper documents the novel fact that Regional Trade Agreements (RTA) decrease bilateral trade imbalances as measured by conventional measure of the net export share in gross trade. While on average an RTA decreases bilateral trade imbalance by 7%, greater trade integration through a deeper...

Persistent link: https://www.econbiz.de/10011490953

Exchange rates, international trade and growth : re-evaluation of underevaluation

Sokolova, Maria V. - 2016 - This version: June 2016

This paper shows that a regional bias resulting from trade integration alters the transmission of a countryś monetary policy by shifting the burden of the exchange rate adjustment towards the less integrated trading partners. I first develop a simple model which illustrates how a concentration...

Persistent link: https://www.econbiz.de/10011490957

Heterogeneous economic integration agreement effects

Baier, Scott L.; Bergstrand, Jeffrey H.; Clance, Matthew W. - 2015

Gravity equations have been used for more than 50 years to estimate ex post the partial effects of trade costs on international trade flows, and the well-known - and traditionally presumed exogenous - "trade-cost elasticity" plays a central role in computing general equilibrium trade-flow and...

Persistent link: https://www.econbiz.de/10011309578

Procompetitive trade policies

Gonzales, José Luis Moraga; Viaene, Jean-Marie - 2001

We study the procompetitive effects of trade policies against a foreign oligopoly in a model of vertical product differentiation. We show that a uniform tariff policy like the Most Favored Nation (MFN) clause is always welfare superior to free trade because of a pure rent-extraction effect....

Persistent link: https://www.econbiz.de/10011400885

GVCs and the endogenous geography of RTAs

Fontagné, Lionel; Santoni, Gianluca - 2018

Geography, economic size, or common history, help predicting signed regional trade agreements (RTAs). However, not all signed RTAs are "natural" according to economic determinants. En-dogeneity and general equilibrium effects of RTAS are the two mechanisms addressed in this paper. We estimate...

Persistent link: https://www.econbiz.de/10011822134

Exchange rates, international trade, and growth : re-evaluation of undervaluation

Sokolova, Maria V. - 2017 - This version: November 2016

This paper shows that regional trade integration shifts the burden of the exchange rate adjustment towards the less integrated trading partners. Thus, they bear the cost of trade balance expansion, while competitive exchange rate moves vis-a-vis RTA trading partners result in no expansion or...

Persistent link: https://www.econbiz.de/10011615589

Trade creation and trade diversion of regional trade agreements revisited : a constrained panel pseudo-maximum likelihood approach

Pfaermayr, Michael - 2018

For the estimation of structural gravity models using PPML with countrypair, exportertime and importer-time effects it proves useful to exploit the equilibrium restrictions imposed by the system of multilateral resistances. This yields an iterative projection based PPML estimator that is...

Persistent link: https://www.econbiz.de/10011875702

Does a Regional Trade Agreement Lessen or Exacerbate Growth Volatility? An Empirical Investigation

Kpodar, Kangni - 2015

This paper assesses how regional trade agreements (RTAs) impact growth volatility on a worldwide sample of 170 countries with data spanning the period 1978-2012.Notwithstanding concerns that trade openness through RTAs can heighten exposure to shocks, in particular when it leads to increased...

Persistent link: https://www.econbiz.de/10013015607

Digital Trade and Dispute Settlement in RTAs : An Evolving Standard?

Froese, Marc D. - 2019

-commerce chapters in regional trade agreements (RTAs) notified to the World Trade Organization. The first section reviews recent …

Persistent link: https://www.econbiz.de/10012897241

Estimating Regional Trade Agreement Effects on FDI in an Interdependent World

Baltagi, Badi H. - 2011

integration strategies are complex and the degree of vertical integration varies in a multilateral world with many possible …. Overall, this may explain the fact that a high percentage of world trade is actually controlled by multinational firms … question asked in the present paper: what is the impact of RTAs on FDI in an interdependent world? The paper focuses on the …

Persistent link: https://www.econbiz.de/10013127137