Preferential trade agreements and their role in world trade
Preferential trade agreements and their role in world trade
复制标题
优惠贸易协定及其在世界贸易中的作用
DOI:
10.1007/s10290-010-0054-x
复制
发表时间:
2006
影响因子:
1.7
通讯作者:
D. Medvedev
中科院分区:
文献类型:
--
作者:
D. Medvedev
This paper investigates the effects of preferential trade agreements (PTAs) on bilateral trade using a comprehensive data base of PTAs in force and a detailed matrix of world trade. Total trade between PTA partners is a poor proxy for preferential trade (trade in tariff lines where preferences are likely to matter): while the former was one-third of global trade in 2000–2002, the latter was between one-sixth and one-tenth. Gravity model estimates indicate that using total trade to assess the impacts of PTAs leads to a significant downward bias in the PTA coefficient: the semi-elasticity of trade with respect to PTA membership rises from 87% for total trade to 119% for preferential trade. Product exclusions and long phase-in periods significantly limit preferential trade; the marginal impact of South-South agreements on preferential trade is much higher than North-South PTAs, while the effect of North-North agreements is insignificantly different from zero.