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Heterogeneous Effects of Trade Agreements in Central America: The Case of CAFTA-DR

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dc.contributor.authorFranco-Bedoya, Sebastian
dc.contributor.authorLee, Woori
dc.date.accessioned2024-10-25T20:18:02Z
dc.date.available2024-10-25T20:18:02Z
dc.date.issued2024-10-25
dc.description.abstractThis paper studies the effects of the Central America–Dominican Republic Free Trade Agreement on trade among member countries. It uses the structural gravity model to estimate both the aggregate and heterogeneous effects across countries and sectors. The findings show that the agreement increased intraregional trade among Central American countries by 27 percent. The impact on Central American exports to the United States was smaller but positive, while the effect on US exports to Central America was insignificant. The paper highlights the importance of controlling for member-specific globalization dynamics as well as using domestic trade flows to capture the effects of specific trade agreements. Studying dynamic effects, the paper shows that anticipation effects were important for the Central America–Dominican Republic Free Trade Agreement and trade creation effects strengthened over time.en
dc.identifierhttp://documents.worldbank.org/curated/en/099718010162427879/IDU1ff89fac41955d1473e1a1e819b8ed0864ed7
dc.identifier.doi10.1596/1813-9450-10951
dc.identifier.urihttps://hdl.handle.net/10986/42308
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; 10951
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectTRADE AGREEMENTS
dc.subjectREGIONAL INTEGRATION
dc.subjectCAFTA-DR
dc.subjectGRAVITY EQUATION
dc.subjectDECENT WORK AND ECONOMIC GROWTH
dc.subjectSDG 8
dc.titleHeterogeneous Effects of Trade Agreements in Central Americaen
dc.title.subtitleThe Case of CAFTA-DRen
dc.typeWorking Paper
dspace.entity.typePublication
okr.crossref.titleHeterogeneous Effects of Trade Agreements in Central America: The Case of CAFTA-DR
okr.date.disclosure2024-10-25
okr.date.lastmodified2024-10-16T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099718010162427879/IDU1ff89fac41955d1473e1a1e819b8ed0864ed7
okr.guid099718010162427879
okr.identifier.docmidIDU-ff89fac4-955d-473e-a1e8-9b8ed0864ed7
okr.identifier.doi10.1596/1813-9450-10951
okr.identifier.doihttps://doi.org/10.1596/1813-9450-10951
okr.identifier.externaldocumentum34405878
okr.identifier.internaldocumentum34405878
okr.identifier.reportWPS10951
okr.import.id5585
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099718010162427879/pdf/IDU1ff89fac41955d1473e1a1e819b8ed0864ed7.pdfen
okr.region.geographicalCaribbean
okr.region.geographicalCentral America
okr.sectorTrade
okr.themeStructural Transformation and Economic Diversification,Trade Facilitation,Economic Policy,Trade Policy,Economic Growth and Planning,Regional Integration,Enterprise Development,Private Sector Development,Trade,Global value chains
okr.topicInternational Economics and Trade::International Trade and Trade Rules
okr.topicInternational Economics and Trade::Trade Liberalization
okr.topicInternational Economics and Trade::Trade Policy
okr.unitEFI-LCR-MTI-MacroFiscal (ELCMU)
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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