Endogenous Preferential Trade Agreements: An Empirical Analysis

Endogenous Preferential Trade Agreements: An Empirical Analysis
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内生性优惠贸易协定:实证分析

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发表时间:
2003
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通讯作者:
Christopher S Magee
Christopher S Magee
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作者:
Christopher S Magee

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如果两个国家已经是主要的贸易伙伴,那么它们更有可能形成优惠贸易协定(PTA),本文提供了对这一假设的首批评估之一。本文还检验了政治经济学文献中关于哪些国家有望形成区域协议的一些预测。结果表明,如果国家之间有大量的双边贸易,规模相似,并且都是民主国家,那么它们更有可能成为优惠贸易伙伴。最后,本文衡量了优惠协定对贸易量的影响,而与以往的研究不同,本文将PTA的形成视为内生的。
This paper provides one of the first assessments of the hypothesis that two countries are more likely to form a preferential trade agreement (PTA) if they are already major trading partners. The paper also tests a number of predictions from the political economy literature about which countries are expected to form regional agreements. The results show that countries are more likely to be preferential trading partners if they have significant bilateral trade, are similar in size, and are both democracies. Finally, the paper measures the effect of preferential agreements on trade volumes while, unlike previous studies, treating PTA formation as endogenous.