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Reciprocal Trade Agreements - Impacts on Bilateral Trade Expansion and Contraction in the World Agricultural Marketplace (Paperback) Loot Price: R231 Discovery Miles 2 310 You Save: R37 (14%)

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Reciprocal Trade Agreements - Impacts on Bilateral Trade Expansion and Contraction in the World Agricultural Marketplace...
Reciprocal Trade Agreements - Impacts on Bilateral Trade Expansion and Contraction in the World Agricultural Marketplace...

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Reciprocal Trade Agreements - Impacts on Bilateral Trade Expansion and Contraction in the World Agricultural Marketplace (Paperback)

Departm Economic Research Service (Ers)

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List price R268 Loot Price R231 Discovery Miles 2 310 You Save R37 (14%)

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The rapid increase in the number of bilateral and regional free-trade agreements since 1995 is a striking development. The proliferation of these agreements has raised questions about whether they have, in fact, opened markets, created trade, promoted economic growth, and/or distorted trade. This study uses panel data from 1975 to 2005 and a gravity framework model to identify the influence of reciprocal trade agreements (RTAs) on bilateral trade in the world agricultural marketplace. A benchmark, Heckman sample-selection and two generalized models, one of which accounts for RTA phase-in effects, are used to gauge the impact on partner trade of mutual as well as asymmetric RTA membership. Empirical results show that RTAs increase agricultural trade between member countries but decrease trade between member and nonmember countries. Interestingly, RTAs were found to be particularly effective at expanding agricultural trade and opening markets in developing countries when developing-country trading partners are part of the same agreement.

General

Imprint: Bibliogov
Country of origin: United States
Release date: October 2012
First published: October 2012
Creators: Departm Economic Research Service (Ers)
Dimensions: 246 x 189 x 2mm (L x W x T)
Format: Paperback - Trade
Pages: 38
ISBN-13: 978-1-249-88417-0
Barcode: 9781249884170
Categories: Promotions
Books > Social sciences > Politics & government
Books > Social sciences > Politics & government > General
LSN: 1-249-88417-9

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