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A General Equilibrium Assessment of the Economic Impact of Deep Trade Agreements

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dc.contributor.authorFontagne, Lionel
dc.contributor.authorRocha, Nadia
dc.contributor.authorRuta, Michele
dc.contributor.authorSantoni, Gianluca
dc.date.accessioned2021-04-19T19:42:44Z
dc.date.available2021-04-19T19:42:44Z
dc.date.issued2021-04
dc.description.abstractThis paper explores the economic impacts of preferential trade agreements, focusing on the provisions they contain, beyond phasing out tariffs. Clustering 278 preferential trade agreements based on 906 provisions grouped into 18 policy areas, three clusters are obtained for which a trade elasticity to preferential trade agreement is estimated using structural gravity. A series of full general equilibrium counterfactual situations for endowment economies is simulated, revealing the economic impacts of deepening existing trade agreements and signing new ones—that is, the intensive and extensive margins of preferential trade agreements. The paper illustrates the method with a general deepening of existing preferential trade agreements worldwide. Focusing on the examples of the Latin America and the Caribbean and East Asia and Pacific regions, the paper shows that deepening preferential trade agreements leads to higher trade and welfare effects than signing new ones.en
dc.identifierhttp://documents.worldbank.org/curated/en/361861618415615671/A-General-Equilibrium-Assessment-of-the-Economic-Impact-of-Deep-Trade-Agreements
dc.identifier.doi10.1596/1813-9450-9630
dc.identifier.urihttps://hdl.handle.net/10986/35452
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9630
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectPREFERENTIAL TRADE AGREEMENTS
dc.subjectDEEP TRADE AGREEMENT
dc.subjectDEEP INTEGRATION
dc.subjectSTRUCTURAL GRAVITY
dc.subjectGENERAL EQUILIBRIUM MODEL
dc.titleA General Equilibrium Assessment of the Economic Impact of Deep Trade Agreementsen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleA General Equilibrium Assessment of the Economic Impact of Deep Trade Agreements
okr.date.disclosure2021-04-14
okr.date.doiregistration2025-04-10T11:29:45.039574Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/361861618415615671/A-General-Equilibrium-Assessment-of-the-Economic-Impact-of-Deep-Trade-Agreements
okr.guid361861618415615671
okr.identifier.doi10.1596/1813-9450-9630
okr.identifier.externaldocumentum090224b0884fca9f_3_0
okr.identifier.internaldocumentum32997396
okr.identifier.reportWPS9630
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/361861618415615671/pdf/A-General-Equilibrium-Assessment-of-the-Economic-Impact-of-Deep-Trade-Agreements.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.administrativeLatin America & Caribbean
okr.region.geographicalCaribbean
okr.region.geographicalEast Asia
okr.region.geographicalLatin America
okr.statistics.combined2137
okr.statistics.dr361861618415615671
okr.statistics.drstats1259
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.topicInternational Economics and Trade::Trade and Multilateral Issues
okr.topicInternational Economics and Trade::Trade and Regional Integration
okr.unitDevelopment Research Group, Development Economics; and the Macroeconomics, Trade and Investment Global Practice
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relation.isAuthorOfPublication.latestForDiscoveryf938bd19-ef80-50c5-9b58-e8429fce3b91
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