Warianty tytułu
Języki publikacji
Abstrakty
There has been a continuous increase in the number of regional trade agreements (RTAs) worldwide during the previous decades. However, the analysis of determinants of regional trade agreements is somehow neglected in empirical literature. This paper aims to analyse the determinants of regional trade agreements by using gravity variables on a global sample. The results suggest that colonial variables are ambiguously related to RTAs, thereby making it hard to exactly define the role of colonial relations in the formulation of RTAs. Language is found to be negatively related to RTAs, meaning that countries speaking different languages tend to create more trade. The relationship between distance and RTAs is found to be relatively straightforward with higher distance and countries without common borders suggesting less regional trade relations. Finally, geographical indication does not seem to play a major role in creating regional trade agreements. As a practical result, it was found that gravity models are applicable for analysing the determinants of RTAs. Our results might be of interest to researchers and policymakers interested in the creation of RTAs. (original abstract)
Czasopismo
Rocznik
Tom
Numer
Strony
44--57
Opis fizyczny
Twórcy
autor
- Corvinus University of Budapest
autor
- Corvinus University of Budapest
autor
- Corvinus University of Budapest
Bibliografia
- Acharya, R. (2016). Regional trade agreements and the multilateral trading system: Cambridge University Press.
- Anderson, J. E., & Yotov, Y. V. (2016). Terms of trade and global efficiency effects of free trade agreements, 1990- 2002. Journal of International Economics, 99, 279-298.
- Antweiler, W., Copeland, B. R., & Taylor, M. S. (2001). Is free trade good for the environment? American Economic Review, 91(4), 877-908.
- Bacchetta, M., Beverelli, C., Cadot, O., Fugazza, M., Grether, J.-M., Helble, M., . . . Piermartini, R. (2015). A Practical Guide to Trade Policy Analysis. World Trade Organization, 2012, 232 p.
- Baier, S. L., & Bergstrand, J. H. (2004). Economic determinants of free trade agreements. Journal of International Economics, 64(1), 29-63. doi:10.1016/s0022-1996(03)00079-5
- Baier, S. L., & Bergstrand, J. H. (2007). Do free trade agreements actually increase members' international trade? Journal of International Economics, 71(1), 72-95.
- Baldwin, R., & Jaimovich, D. (2012). Are Free Trade Agreements contagious? Journal of International Economics, 88(1), 116. doi:10.1016/j.jinteco.2012.03.009
- Balogh, J. M., & Jámbor, A. (2017). Determinants of revealed comparative advantages: The case of cheese trade in the European Union. Acta Alimentaria, 46(3), 305-311.
- Carrere, C. (2006). Revisiting the effects of regional trade agreements on trade flows with proper specification of the gravity model. European Economic Review, 50(2), 223-247.
- Carrere, C., & Masood, M. (2018). Cultural proximity: A source of trade flow resilience? World Economy, 41(7), 18121832. doi:10.1111/twec.12646
- Dai, M., Yotov, Y. V., & Zylkin, T. (2014). On the trade-diversion effects of free trade agreements. Economics Letters, 122(2), 321-325.
- Engelhardt, T. (2015). Geographical Indications Under Recent EU Trade Agreements. Iic-International Review of Intellectual Property and Competition Law, 46(7), 781-818. doi:10.1007/s40319-015-0391-3
- Fernandez, R., & Portes, J. (1998). Returns to regionalism: An analysis of nontraditional gains from regional trade agreements. The World Bank Economic Review, 12(2), 197-220.
- Fiorentino, R. V., Verdeja, L., & Toqueboeuf, C. (2007). The changing landscape of regional trade agreements: 2006 update: WTO discussion paper.
- Frankel, J. A., & Rose, A. K. (2005). Is trade good or bad for the environment? Sorting out the causality. Review of economics and statistics, 87(1), 85-91.
- Freeman, R., & Pienknagura, S. (2019). Are all trade agreements equal? The role of distance in shaping the effect of economic integration agreements on trade flows. Review of World Economics, 155(2), 257-285. doi:10.1007/s10290-018-0327-3
- Head, K., Mayer, T., & Ries, J. (2010). The erosion of colonial trade linkages after independence. Journal of International Economics, 81(1), 1-14.
- Hur, J., & Park, C. (2012). Do free trade agreements increase economic growth of the member countries? World development, 40(7), 1283-1294.
- Leufkens, D. (2017). EU's regulation of geographical indications and their effects on trade flows. German Journal of Agricultural Economics, 66(4), 223-233.
- MacDermott, R. J., & Mornah, D. (2016). The Effects of Cultural Differences on Bilateral Trade Patterns. Global Economy Journal, 16(4), 637-668. doi:10.1515/gej-2015-0062
- Mancini, M. C., Arfini, F., Veneziani, M., & Thevenod-Mottet, E. (2017). Geographical Indications and Transatlantic Trade Negotiations: Different US and EU Perspectives. Eurochoices, 16(2), 34-40. doi:10.1111/1746-692x.12131
- McAusland, C., & Millimet, D. L. (2013). Do national borders matter? Intranational trade, international trade, and the environment. Journal of Environmental Economics and Management, 65(3), 411-437.
- Missios, P., Saggi, K., & Yildiz, H. M. (2016). External trade diversion, exclusion incentives and the nature of preferential trade agreements. Journal of International Economics, 99, 105-119.
- Moir, H. V. J. (2017). Understanding EU trade policy on geographical indications. Journal of World Trade, 51(6), 10211042.
- Raimondi, V., Falco, C., Curzi, D., & Olper, A. (2018). The Trade Effects of the European Union Geographical Indications Policy. Retrieved from
- Robinson, S., & Thierfelder, K. (2019). Global adjustment to US disengagement from the world trading system. Journal of Policy Modeling, 41(3), 522-536. doi:10.1016/j.jpolmod.2019.03.019
- Török, Á., & Jámbor, A. (2016). Determinants of the revealed comparative advantages: The case of the European ham trade. Agricultural Economics/Zemedelska Ekonomika, 62(10).
- Vamvakidis, A. (1999). Regional trade agreements or broad liberalization: which path leads to faster growth? IMF Staff papers, 46(1), 42-68.
- Viju, C., Yeung, M. T., & Kerr, W. A. (2013). Geographical Indications, Conflicted Preferential Agreements, and Market Access. Journal of International Economic Law, 16(2), 409-437. doi:10.1093/jiel/jgt012
- Wattanapruttipaisan, T. (2009). Trademarks and Geographical Indications: Policy Issues and Options in Trade Negotiations and Implementation. Asian Development Review, 26(1), 166-205.
- WTO. (2018a). Retrieved from http://rtais.wto.org/UI/PublicMaintainRTAHome.aspx
- WTO. (2018b). World Trade Statistical Review 2018. Retrieved from https://www.wto.org/english/res_e/statis_e/wts2018_e/wts18_toc_e.htm
- Yang, S., & Martinez-Zarzoso, I. (2014). A panel data analysis of trade creation and trade diversion effects: The case of ASEAN-China Free Trade Area. China Economic Review, 29, 138-151.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171587510