Effects of Hub-and-Spoke Free Trade Agreements on Trade: A Panel Data Analysis
Effects of Hub-and-Spoke Free Trade Agreements on Trade: A Panel Data Analysis
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DOI：
10.1016/j.worlddev.2010.02.009
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发表时间：
2010-08-01
影响因子：
6.9
通讯作者：
Park, Donghyun
中科院分区：
文献类型：
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作者：
Hur, Jung;Alba, Joseph D.;Park, Donghyun
我们使用1960-2000年期间96个国家的面板数据，研究自由贸易协定（FTA）和中心辐射型FTA对出口的影响。实证结果表明，FTA的出口年增长率为5.57%，因此，FTA的贸易伙伴之间的出口在12.4年后翻了一番。非重叠型自贸协定占4.12%，轴辐型自贸协定占出口增速预估值的1.45%。这表明，除了自由贸易协定的直接贸易自由化效果外，自由贸易协定的辐射中心性质对贸易也有积极的影响。(C)2010爱思唯尔有限公司版权所有。
We use panel data consisting of 96 countries and covering the period 1960-2000 to investigate the effects of free trade agreements (FTAs) and hub-and-spoke systems of FTA on exports. Our empirical results imply an annual growth rate of 5.57% in exports and hence a doubling of exports after 12.4 years between FTA partners. Non-overlapping FTAs account for 4.12%, while hub-and-spoke FTAs account for 1.45% of the estimated export growth rate. This indicates that, in addition to the direct trade liberalizing effect of FTAs, the hub-and-spoke nature of FTAs has an additional positive effect on trade. (C) 2010 Elsevier Ltd. All rights reserved.