TY  - BOOK
AU  - Medvedev,Denis
AU  - Medvedev,Denis
TI  - Preferential Trade Agreements And Their Role In World Trade
PY  - 2006///
CY  - Washington, D.C.
PB  - The World Bank
KW  - Bilateral Trade
KW  - Economic Theory and Research
KW  - Emerging Markets
KW  - Free Trade
KW  - Free Trade Area
KW  - Global Trade
KW  - Gravity Equation
KW  - Gravity Estimates
KW  - Gravity Framework
KW  - Gravity Model
KW  - Gravity Models
KW  - International Economics & Trade
KW  - Law and Development
KW  - Macroeconomics and Economic Growth
KW  - Preferential Trade
KW  - Preferential Trade Agreements
KW  - Private Sector Development
KW  - Public Sector Development
KW  - Tariff
KW  - Trade Agreement
KW  - Trade and Services
KW  - Trade Creation
KW  - Trade Diversion
KW  - Trade Flows
KW  - Trade Law
KW  - Trade Policy
KW  - Trade Variables
KW  - World Trade
KW  - World Trade Organization
N2  - 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
UR  - http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-4038
ER  -