Preferential Trade Agreements and Their Role in World Trade is popular PDF and ePub book, written by Denis Medvedev in 2024-10-01, it is a fantastic choice for those who relish reading online the Uncategoriezed genre. Let's immerse ourselves in this engaging Uncategoriezed book by exploring the summary and details provided below. Remember, Preferential Trade Agreements and Their Role in World Trade can be Read Online from any device for your convenience.
Preferential Trade Agreements and Their Role in World Trade Book PDF Summary
The author investigates the effects of preferential trade agreements (PTAs) on bilateral trade flows using a comprehensive database of PTAs in force and a detailed matrix of world trade. He shows that total trade between PTA partners is a poor proxy for preferential trade (trade in tariff lines where preferences are likely to matter): while the former amounted to one-third of global trade in 2000-02, the latter was between one-sixth and one-tenth of world trade. His gravity model estimates indicate that using total rather than preferential trade to assess the impact of PTAs leads to a significant downward bias in the PTA coefficient. The author finds that product exclusions and long phase-in periods significantly limit preferential trade, and their removal could more than double trade in tariff lines above 3 percent of most-favored-nation (MFN) duties. He also shows that the effects of PTAs on trade vary by type of agreement and are increasing in the incomes of PTA partners.
Detail Book of Preferential Trade Agreements and Their Role in World Trade PDF
- Author : Denis Medvedev
- Release : 01 October 2024
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Uncategoriezed
- Total Page : 90 pages
- Language : English
- PDF File Size : 15,9 Mb
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