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Evaluating the Trade Effect of Developing Regional Trade Agreements : A Semi-parametric Approach

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dc.contributor.authorCoulibaly, Souleymane
dc.date.accessioned2012-06-05T14:19:02Z
dc.date.available2012-06-05T14:19:02Z
dc.date.issued2007-05
dc.description.abstractMany recent papers have pointed to ambiguous trade effects of developing regional trade agreements (RTAs), calling for a reassessment of their economic merits. The author focuses on seven such agreements currently in force in Sub-Saharan Africa (ECOWAS and SADC), Asia (AFTA and SAPTA) and Latin America (CACM, CAN, and MERCOSUR), estimating their impacts on their members' trade flows. Instead of the usual dummy variables for RTAs, he proposes a variable taking into account the number of years of membership. He then combines a gravity model with kernel estimation techniques to capture the non-monotonic trade effects while imposing minimal structure on the model. The results indicate that except for SAPTA, these RTAs have had a positive impact on their members' intra-trade over the estimation period (1960-99). AFTA seems to be the most successful among them, with an estimated positive impact on its members' imports from the rest of the world (hence no trade diversion), but its impact on their exports to the rest of the world is rather limited. During its first 10 years of existence, ECOWAS appears to have had a positive impact on its members' imports from the rest of the world (hence no trade diversion), but this positive impact vanished over time. SAPTA's negative impact on its members' intra-trade is probably an implicit effect of the India-Pakistan tensions over the estimation period.en
dc.identifierhttp://documents.worldbank.org/curated/en/2007/05/7558207/evaluating-trade-effect-developing-regional-trade-agreements-semi-parametric-approach
dc.identifier.doi10.1596/1813-9450-4220
dc.identifier.urihttps://hdl.handle.net/10986/7090
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 4220
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectBILATERAL TRADE
dc.subjectCENTRAL AMERICAN
dc.subjectCOMMON MARKET
dc.subjectCOMPETITIVENESS
dc.subjectCURRENCY
dc.subjectCUSTOMS
dc.subjectCUSTOMS UNION
dc.subjectDATE OF ENTRY INTO FORCE
dc.subjectDEFLATION
dc.subjectECONOMETRICS
dc.subjectECONOMIC COMMUNITY
dc.subjectEXPORT PRICE
dc.subjectEXPORT QUANTITIES
dc.subjectEXPORT VOLUME
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectFREE TRADE
dc.subjectFREE TRADE AGREEMENT
dc.subjectFREE TRADE AGREEMENTS
dc.subjectGDP
dc.subjectGDP DEFLATOR
dc.subjectGLOBAL ECONOMY
dc.subjectGRAVITY EQUATION
dc.subjectGRAVITY MODEL
dc.subjectGRAVITY MODELS
dc.subjectGRAVITY VARIABLES
dc.subjectIMPORTS
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL TRADE
dc.subjectINTRAREGIONAL TRADE
dc.subjectMEMBER COUNTRIES
dc.subjectMEMBER COUNTRY
dc.subjectNET TRADE CREATION
dc.subjectPOLICY RESEARCH
dc.subjectPREFERENTIAL AGREEMENT
dc.subjectPREFERENTIAL ARRANGEMENT
dc.subjectPREFERENTIAL TRADE
dc.subjectPREFERENTIAL TRADE AGREEMENT
dc.subjectPREFERENTIAL TRADE ARRANGEMENTS
dc.subjectPRICE INDEX
dc.subjectREAL EXCHANGE RATE
dc.subjectREGIONAL AGREEMENTS
dc.subjectREGIONAL TRADE
dc.subjectREGIONAL TRADE AGREEMENT
dc.subjectREGIONAL TRADE AGREEMENTS
dc.subjectREGIONAL TRADE ARRANGEMENTS
dc.subjectREGIONAL TRADING ARRANGEMENTS
dc.subjectREGIONALISM
dc.subjectRULES OF ORIGIN
dc.subjectSOUTH ASIAN
dc.subjectSUB-SAHARAN AFRICA
dc.subjectTRADE AGREEMENT
dc.subjectTRADE BLOCS
dc.subjectTRADE CREATING
dc.subjectTRADE CREATION
dc.subjectTRADE DIVERSION
dc.subjectTRADE EFFECT
dc.subjectTRADE EFFECTS
dc.subjectTRADE FLOW
dc.subjectTRADE FLOWS
dc.subjectTRADE IMPACT
dc.subjectTRADE MORE
dc.subjectTRADE ORIENTATION
dc.subjectTRADE POLICIES
dc.subjectTRADE POLICY
dc.subjectTRADING PARTNERS
dc.subjectWORLD TRADE
dc.subjectWTO
dc.titleEvaluating the Trade Effect of Developing Regional Trade Agreements : A Semi-parametric Approachen
dspace.entity.typePublication
okr.crossref.titleEvaluating The Trade Effect Of Developing Regional Trade Agreements : A Semi-Parametric Approach
okr.date.doiregistration2025-04-10T10:07:19.645593Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2007/05/7558207/evaluating-trade-effect-developing-regional-trade-agreements-semi-parametric-approach
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.globalpracticeTrade and Competitiveness
okr.guid262311468204864159
okr.identifier.doi10.1596/1813-9450-4220
okr.identifier.externaldocumentum000016406_20070423162325
okr.identifier.internaldocumentum7558207
okr.identifier.reportWPS4220
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/04/23/000016406_20070423162325/Rendered/PDF/wps4220.pdfen
okr.region.administrativeLatin America and Caribbean
okr.region.administrativeSouth Asia
okr.region.administrativeEast Asia and Pacific
okr.region.administrativeAfrica
okr.topicInternational Economics and Trade::Trade Policy
okr.topicInternational Economics and Trade::Trade and Regional Integration
okr.topicEconomic Theory and Research
okr.topicLaw and Development::Trade Law
okr.topicInternational Economics and Trade::Free Trade
okr.topicInternational Economics and Trade
okr.topicMacroeconomics and Economic Growth
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublicationdf744946-61fa-55c4-9092-5ea497fa78c1
relation.isAuthorOfPublication.latestForDiscoverydf744946-61fa-55c4-9092-5ea497fa78c1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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