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Author: | Carrère, C. |
Title: | Revisiting the effects of regional trade agreements on trade flows with proper specification of the gravity model |
Journal: | European Economic Review
2006 : FEB, VOL. 50:2, p. 223-247 |
Index terms: | international economics international trade trade agreements |
Language: | eng |
Abstract: | This article aims to provide an ex post assessment on regional trade agreements by using a gravity model which includes 130 countries and is estimated with panel data from 1962 to 1996. The results indicate that regional trade agreements have caused a significant increase in trade between member countries. However, this has often happened at the expense of the rest of the world. |
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