Medvedev, Denis
Preferential Trade Agreements And Their Role In World Trade Medvedev, Denis [electronic resource] / Medvedev, Denis - Washington, D.C., The World Bank, 2006 - 1 online resource (90 p.) - Policy research working papers. World Bank e-Library. .
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.
10.1596/1813-9450-4038
Bilateral Trade
Economic Theory and Research
Emerging Markets
Free Trade
Free Trade Area
Global Trade
Gravity Equation
Gravity Estimates
Gravity Framework
Gravity Model
Gravity Models
International Economics & Trade
Law and Development
Macroeconomics and Economic Growth
Preferential Trade
Preferential Trade Agreements
Private Sector Development
Public Sector Development
Tariff
Trade Agreement
Trade and Services
Trade Creation
Trade Diversion
Trade Flows
Trade Law
Trade Policy
Trade Variables
World Trade
World Trade Organization
Preferential Trade Agreements And Their Role In World Trade Medvedev, Denis [electronic resource] / Medvedev, Denis - Washington, D.C., The World Bank, 2006 - 1 online resource (90 p.) - Policy research working papers. World Bank e-Library. .
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.
10.1596/1813-9450-4038
Bilateral Trade
Economic Theory and Research
Emerging Markets
Free Trade
Free Trade Area
Global Trade
Gravity Equation
Gravity Estimates
Gravity Framework
Gravity Model
Gravity Models
International Economics & Trade
Law and Development
Macroeconomics and Economic Growth
Preferential Trade
Preferential Trade Agreements
Private Sector Development
Public Sector Development
Tariff
Trade Agreement
Trade and Services
Trade Creation
Trade Diversion
Trade Flows
Trade Law
Trade Policy
Trade Variables
World Trade
World Trade Organization