Publication:
Quantifying Economic Impacts of Trade Agreements with Heterogeneous Trade Elasticities

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dc.contributor.authorKee, Hiau Looi
dc.contributor.authorNicita, Alessandro
dc.date.accessioned2023-12-19T19:27:49Z
dc.date.available2023-12-19T19:27:49Z
dc.date.issued2023-12-19
dc.description.abstractBilateral trade relationships between countries vary across products. Such heterogeneity poses challenges when assessing the economic impacts of trade agreements. This paper estimates bilateral trade elasticities at the product level and explores these impacts using a hypothetical no-deal Brexit as an example. The findings indicate that the European Union’s demand for the United Kingdom’s products is often less elastic compared to products from other trading partners. The findings also show substantial heterogeneity in the elasticities across products and a negative correlation between these elasticities and tariffs. These factors mitigate the extent of trade welfare losses compared to a scenario using homogeneous elasticities.en
dc.identifierhttp://documents.worldbank.org/curated/en/099658012112333292/IDU0332bdf3d0f531043830b9a20e812ebd9cdd1
dc.identifier.doi10.1596/1813-9450-10634
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40762
dc.languageEnglish
dc.language.isoen
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; 10634
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectWELFARE GAINS FROM TRADE
dc.subjectTRADE ELASTICITIES
dc.subjectBREXIT
dc.titleQuantifying Economic Impacts of Trade Agreements with Heterogeneous Trade Elasticitiesen
dc.typeWorking Paper
dspace.entity.typePublication
okr.crossref.titleQuantifying Economic Impacts of Trade Agreements with Heterogeneous Trade Elasticities
okr.date.disclosure2023-12-11
okr.date.doiregistration2025-04-07T08:55:44.412296Z
okr.date.doiregistration2025-04-08T16:28:28.892836Z
okr.date.doiregistration2025-04-09T03:05:28.310500Z
okr.date.lastmodified2023-12-11T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099658012112333292/IDU0332bdf3d0f531043830b9a20e812ebd9cdd1
okr.guid099658012112333292
okr.identifier.docmidIDU-332bdf3d-f531-4383-b9a2-e812ebd9cdd1
okr.identifier.doi10.1596/1813-9450-10634
okr.identifier.externaldocumentum34212577
okr.identifier.internaldocumentum34212577
okr.identifier.reportWPS10634
okr.import.id2612
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099658012112333292/pdf/IDU0332bdf3d0f531043830b9a20e812ebd9cdd1.pdfen
okr.region.geographicalEuropean Union
okr.themeTrade and integration :: Other trade and integration
okr.topicInternational Economics and Trade::Trade Policy
okr.topicLaw and Development::Treaties
okr.unitDECRG: Trade & Intl. Integration (DECTI)
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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