A sensitivity analysis on the impact of regional trade agreements in bilateral trade flows

Artikel

We estimate the effect of RTAs on bilateral exports by means of a gravity model analyzing its sensitivity to different specifications and methods. RTAs generate a sizable positive effect. However, shifting to country-pair and time-varying fixed effects systematically reduces coefficients. Nevertheless, the RTA effect is consistent across methods and specifications. The RTA effect attributable to particular trade agreements displays high variability. While most RTAs increase trade, others present non-significant or negative results. We apply robustness checks to individual RTA estimates by presenting PPML time-invariant fixed effects and next to these, country-pair and time-varying fixed effects estimates. Thus, 38.2% of RTAs are positive and significant in both specifications. RTAs trade creation effects tend to prevail over trade diversion effects.

Angaben zum Objekt

• Weitere Titel: Un análisis de sensibilidad sobre el impacto de los acuerdos comerciales regionales en los flujos bilaterales de comercio
• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Estudios de Economía ; ISSN: 0718-5286 ; Volume: 47 ; Year: 2020 ; Issue: 2 ; Pages: 193-219

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Trade Policy; International Trade Organizations ; Empirical Studies of Trade ; Economic Integration ; International Agreements and Observance; International Organizations ; International Institutional Arrangements
• Thema: International Trade ; Trade Liberalization ; Regional Trade Agreements RTA ; Gravity Model ; Economic Integration

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Ahcar Olmos, Jaime Rafael ; Rodríguez-Barco, David
• Ereignis: Veröffentlichung
• (wer): Universidad de Chile, Departamento de Economía
• (wo): Santiago de Chile
• (wann): 2020

Weitere Informationen

• Handle: http://hdl.handle.net/10419/285080
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ