Preferential Trade Agreements And Their Role In World Trade / Medvedev, Denis
The author investigates the effects of preferential trade agreements (PTAs) on bilateral trade flows using a comprehensive database of PTAs in force and a detailed matrix of world trade. He shows that total trade between PTA partners is a poor proxy for preferential trade (trade in tariff lines wher...
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| Main Authors: | Medvedev, Denis |
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| Format: | Online-Resource |
| Language: | English |
| Published: | Washington, D.C : The World Bank, 2006 |
| Subjects: | |
| Online Access: | URL des Erstveröffentlichers |
| Summary: | The author investigates the effects of preferential trade agreements (PTAs) on bilateral trade flows using a comprehensive database of PTAs in force and a detailed matrix of world trade. He shows that 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 amounted to one-third of global trade in 2000-02, the latter was between one-sixth and one-tenth of world trade. His gravity model estimates indicate that using total rather than preferential trade to assess the impact of PTAs leads to a significant downward bias in the PTA coefficient. The author finds that product exclusions and long phase-in periods significantly limit preferential trade, and their removal could more than double trade in tariff lines above 3 percent of most-favored-nation (MFN) duties. He also shows that the effects of PTAs on trade vary by type of agreement and are increasing in the incomes of PTA partners |
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| Item Description: | Weitere Ausgabe: Medvedev, Denis : Preferential Trade Agreements And Their Role In World Trade |
| Physical Description: | 1 Online-Ressource (90 Seiten) |
