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Does It Matter Who You Sign With? Comparing the Impacts of North-South and South-South Trade Agreements on Bilateral Trade

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dc.contributor.authorBehar, Alberto
dc.contributor.authorCirera i Criville, Laia
dc.date.accessioned2012-03-19T18:01:39Z
dc.date.available2012-03-19T18:01:39Z
dc.date.issued2011-04-01
dc.description.abstractFree trade agreements lead to a rise in bilateral trade regardless of whether the signatories are developed or developing countries. Furthermore, the percentage increase in bilateral trade is higher for South-South agreements than for North-South agreements. In this paper, the results are robust across a number of gravity model specifications in which the analysis controls for the endogeneity of free trade agreements (with bilateral fixed effects) and also takes account of multilateral resistance in both estimation (with country-time fixed effects) and comparative statics (analytically). The analytical model shows that multilateral resistance dampens the impact of free trade agreements on trade by less in South-South agreements than in North-South agreements, which accentuates the difference implied by the gravity model coefficients, and that this difference gets larger as the number of signatories rises. For example, allowing for lags and multilateral resistance, a four-country North-South agreement raises bilateral trade by 53 percent while the analogous South-South impact is 107 percent.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110406081055
dc.identifier.doi10.1596/1813-9450-5626
dc.identifier.urihttps://hdl.handle.net/10986/3392
dc.languageEnglish
dc.relation.ispartofseriesPaper is funded by the Knowledge for Change Program (KCP),Policy Research working paper ; no. WPS 5626
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABSOLUTE VALUE
dc.subjectAGGREGATE TRADE
dc.subjectAGRICULTURE
dc.subjectBARRIERS TO IMPORTS
dc.subjectBILATERAL TRADE
dc.subjectBLOC TRADE
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCHANGES IN TRADE
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMMON MARKET
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPETITION FRAMEWORK
dc.subjectCOMPETITION POLICY
dc.subjectCONSUMERS
dc.subjectCOST REDUCTIONS
dc.subjectCOUNTRY DUMMIES
dc.subjectCURRENCY
dc.subjectCURRENCY UNION
dc.subjectCUSTOMS
dc.subjectCUSTOMS UNION
dc.subjectCUSTOMS UNIONS
dc.subjectDATE OF ENTRY INTO FORCE
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT POLICY
dc.subjectDEVELOPMENT STRATEGIES
dc.subjectECONOMETRIC ANALYSIS
dc.subjectECONOMIC GEOGRAPHY
dc.subjectECONOMIC INTEGRATION
dc.subjectECONOMIC REFORM
dc.subjectECONOMIC RELATIONS
dc.subjectECONOMIC SIZE
dc.subjectECONOMIC THEORY
dc.subjectECONOMICS RESEARCH
dc.subjectECONOMIES OF SCALE
dc.subjectELASTICITY
dc.subjectELASTICITY OF SUBSTITUTION
dc.subjectEUROPEAN UNION
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE REGIMES
dc.subjectEXCHANGE RATES
dc.subjectEXPORTS
dc.subjectEXTERNAL TARIFF
dc.subjectEXTERNAL TARIFFS
dc.subjectFACTOR ENDOWMENTS
dc.subjectFEDERAL RESERVE
dc.subjectFEDERAL RESERVE BANK
dc.subjectFINANCIAL SUPPORT
dc.subjectFLEXIBLE EXCHANGE RATES
dc.subjectFREE TRADE
dc.subjectFREE TRADE AGREEMENT
dc.subjectFREE TRADE AGREEMENTS
dc.subjectFREE TRADE AREA
dc.subjectFREE TRADE AREAS
dc.subjectFREE TRADE ASSOCIATION
dc.subjectFREE TRADE ZONES
dc.subjectFUTURE RESEARCH
dc.subjectGDP
dc.subjectGLOBAL ECONOMIC PROSPECTS
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL MARKET
dc.subjectGLOBAL TRADE
dc.subjectGRAVITY EQUATION
dc.subjectGRAVITY MODEL
dc.subjectGRAVITY MODELS
dc.subjectHARMONIZATION
dc.subjectIMPACT OF TRADE
dc.subjectINEQUALITY
dc.subjectINTELLECTUAL PROPERTY
dc.subjectINTELLECTUAL PROPERTY RIGHTS
dc.subjectINTERNAL TRADE
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectINTERNATIONAL TRADE
dc.subjectLIBERALIZATIONS
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMARKET ACCESS
dc.subjectMATURE MARKETS
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectMULTILATERAL TRADE
dc.subjectMULTILATERAL TRADE LIBERALIZATION
dc.subjectMULTIPLIERS
dc.subjectNATIONAL INCOME
dc.subjectOPPORTUNITY COST
dc.subjectOUTPUT
dc.subjectPARTICULAR COUNTRIES
dc.subjectPOLICY RESEARCH
dc.subjectPOLITICAL ECONOMY
dc.subjectPOTENTIAL BENEFITS
dc.subjectPREFERENTIAL AGREEMENTS
dc.subjectPREFERENTIAL TRADE
dc.subjectPREFERENTIAL TRADE AGREEMENT
dc.subjectPREFERENTIAL TRADE AGREEMENTS
dc.subjectPREFERENTIAL TRADING ARRANGEMENTS
dc.subjectPROTECTIONIST
dc.subjectREAL GDP
dc.subjectRED TAPE
dc.subjectREGIONAL AGREEMENTS
dc.subjectREGIONAL INTEGRATION
dc.subjectREGIONAL TRADE
dc.subjectREGIONAL TRADE AGREEMENTS
dc.subjectREGIONAL TRADE ARRANGEMENTS
dc.subjectREGIONALISM
dc.subjectREGIONALIZATION
dc.subjectRESTRICTIVE RULES OF ORIGIN
dc.subjectSIGNATORY COUNTRIES
dc.subjectTARIFF SCHEDULES
dc.subjectTECHNOLOGY TRANSFER
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADE AGREEMENT
dc.subjectTRADE AGREEMENTS
dc.subjectTRADE BARRIER
dc.subjectTRADE BARRIERS
dc.subjectTRADE CONCESSIONS
dc.subjectTRADE COSTS
dc.subjectTRADE CREATION
dc.subjectTRADE DIVERSION
dc.subjectTRADE EFFECTS
dc.subjectTRADE FACILITATION
dc.subjectTRADE FLOWS
dc.subjectTRADE INTEGRATION
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE MORE
dc.subjectTRADE PARTNERS
dc.subjectTRADE POLICY
dc.subjectTRADE POLICY REFORMS
dc.subjectTRADE VOLUME
dc.subjectTRADE VOLUMES
dc.subjectTRADING BLOCS
dc.subjectTRADING SYSTEM
dc.subjectTRANSFER OF TECHNOLOGY
dc.subjectTRANSPORT COSTS
dc.subjectUTILITY FUNCTION
dc.subjectVOLUME OF TRADE
dc.subjectWELFARE GAINS
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.subjectWORLD ECONOMY
dc.subjectWORLD TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.titleDoes It Matter Who You Sign With? Comparing the Impacts of North-South and South-South Trade Agreements on Bilateral Tradeen
dspace.entity.typePublication
okr.crossref.titleDoes it matter who you sign with? Comparing the impacts of north-south and south-south trade agreements on bilateral trade
okr.date.disclosure2011-04-01
okr.date.doiregistration2025-04-10T11:29:51.299432Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110406081055
okr.guid106041468326219917
okr.identifier.doi10.1596/1813-9450-5626
okr.identifier.externaldocumentum000158349_20110406081055
okr.identifier.internaldocumentum14015787
okr.identifier.reportWPS5626
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/04/06/000158349_20110406081055/Rendered/PDF/WPS5626.pdfen
okr.region.administrativeThe World Region
okr.region.administrativeThe World Region
okr.sectorIndustry and trade :: Other domestic and international trade
okr.unitDevelopment Research Group (DECRG)
okr.unitDECRG: Trade & Intl. Integration (DECTI)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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