Article
Hospitality, Leisure, Sport & Tourism
Usman Khalid, Luke Emeka Okafor, Katarzyna Burzynska
Summary: The study found that regional trade agreements have a significant positive impact on bilateral tourism flows. Strong economic integration plays a crucial role in fostering international tourism flows.
JOURNAL OF TRAVEL RESEARCH
(2022)
Article
Economics
Chul Chung, Innwon Park, Soonchan Park
Summary: This study investigates the impact of free trade agreements on trade costs, with a focus on the effects of cumulative rules of origin. The research finds that successful FTAs depend on the implementation of appropriate cumulative rules of origin, rather than simply expanding membership.
ASIAN ECONOMIC PAPERS
(2022)
Article
Economics
Haoliang Zhu
Summary: This paper examines the impact of regional trade agreements (RTAs) on trade efficiency in East Asia using a stochastic frontier gravity model. The study finds that RTAs generally improve trade efficiency among member countries, with limited export diversion in East Asia. However, ASEAN countries tend to divert imports away from non-members.
APPLIED ECONOMICS LETTERS
(2023)
Article
Agricultural Economics & Policy
Yaghoob Jafari, Helena Engemann, Andrea Zimmermann
Summary: Since 1995, the number of Regional Trade Agreements (RTAs) has significantly increased, reaching over 350 in 2022. The overlapping of RTAs can lead to higher trade costs, but it can also promote trade integration and reduce costs among connected countries. This study examines the relationship between RTAs and agricultural trade, finding a positive association and suggesting stronger integration among countries with multiple RTAs.
Article
Business, Finance
Kaleb Abreha, Raymond Robertson
Summary: This study examines the heterogeneous effects of regional trade agreements (RTAs) on apparel and total trade using a PPML gravity model. The results show that the RTA estimates for apparel trade have a significantly higher variance compared to total trade. It is also found that the size of the RTA estimates for apparel trade is significantly and negatively correlated with the restrictiveness of rules of origin (RoOs). Furthermore, ending temporary exceptions to the RoOs in US trade agreements is associated with a reduction in apparel trade. The study highlights the potential of RTAs as effective policy instruments for promoting economic development in developing countries, such as job creation and reduction of emigration in Central America through updating the RoOs of the Dominican Republic-Central America Free Trade Agreement.
Article
Business, Finance
Rana Hendy, Chahir Zaki
Summary: The study finds that the time required for trade has a significant impact on firms' exports, affecting both extensive and intensive margins. Different industries are affected to varying degrees by time delays, with perishable and seasonal products being more sensitive. Large enterprises are more adversely affected by administrative barriers to trade compared to small and medium exporting firms.
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE
(2021)
Article
Economics
Woori Lee, Alen Mulabdic, Michele Ruta
Summary: This study examines the impact of regional trade agreements on exporters in non-member countries using firm-level data from Costa Rica and detailed information on trade agreement content. Contrary to the conventional view on trade diversion, the analysis finds that deep regional trade agreements can have a positive spillover effect by increasing the probability of export and entry for third-country firms that previously exported to member countries. This spillover effect is driven by nondiscriminatory provisions and regulatory issues addressed in the agreements, which make member countries more similar and reduce entry costs. Moreover, firms exporting regulation-intensive products benefit disproportionately more from deep trade agreements in destination markets.
JOURNAL OF INTERNATIONAL ECONOMICS
(2023)
Article
Economics
Qi Lin, Xi Lin
Summary: Liberalization of services trade is an important global economic agenda. Previous studies have focused on the impact of regional services trade agreements (services RTAs) on services trade, but little attention has been paid to assessing the estimation consistency with structural gravity theory and analyzing the general equilibrium effects of services RTAs. This study proposes a theoretically consistent adjustment for structural gravity estimations and re-evaluates the services RTAs impact on services trade, finding a significant positive effect.
ECONOMIC MODELLING
(2023)
Article
Multidisciplinary Sciences
Javier Barbero, Juan Jose de Lucio, Ernesto Rodriguez-Crespo
Summary: The study finds that COVID-19 has varying degrees of negative impact on bilateral trade flows, especially for countries that were members of regional trade agreements before the pandemic. Government actions, as well as the income levels of exporter and importer countries, also play a role in influencing the impact, with the most intense negative effect found between countries with similar income levels.
Article
Economics
Javier Barbero, Giovanni Mandras, Ernesto Rodriguez-Crespo, Andres Rodriguez-Pose
Summary: The study found that trade between EU regions is significantly influenced by differences in government quality, especially in different sectors of economic activity and levels of economic development. Therefore, improving institutional quality is crucial for less developed regions in the EU to enhance interregional trade.
Article
Multidisciplinary Sciences
Bo Wang, Yue Pu, Shunli Li, Lin Xu
Summary: This study used a new trade accounting method to construct international manufacturing value-added trade networks and preferential trade agreement networks, and found that the networks showed a clustering effect and could be divided into two societies in the Asia-Pacific and European regions. Factors such as economic globalization influenced the relationship between networks.
Article
Business
Abdoul G. Sam, Danbee Song
Summary: ISO 14001 certification has a positive push effect on South Korean manufacturing exports, with a more pronounced impact on exports to high-income countries.
CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT
(2022)
Article
Economics
Rodolfo G. Campos, Jacopo Timini, Elena Vidal
Summary: The text discusses the importance of including domestic trade flows in estimating structural gravity models, and compares three common approaches to measuring domestic trade to find very similar estimates of the parameters usually estimated within the framework.
Article
Economics
Rodolfo G. Campos, Jacopo Timini
Summary: This study estimates the impact of MERCOSUR on trade flows and gains from trade for member countries using a quantitative structural gravity model. The findings show a significant heterogeneity in the impact on bilateral trade flows and gains from trade. Argentina benefits the most, while Uruguay, Paraguay, and Brazil experience smaller gains. Additionally, the study suggests that Brazil would not greatly benefit from withdrawing from MERCOSUR and joining a different trade bloc.
Article
Economics
Rodrigo E. Bampi, Jefferson A. Colombo
Summary: The study reveals that real exchange rate fluctuations have diverse impacts on the manufacturing sector, particularly through the trade channel, affecting output in net export and import sectors. However, overall, the exchange rate does not significantly explain the dynamics of industrial production.
QUARTERLY REVIEW OF ECONOMICS AND FINANCE
(2021)
