Third-country effects of regional trade agreements: A firm-level analysis

• 成果类型: Article
• 署名作者: Lee, Woori; Mulabdic, Alen; Ruta, Michele
• 署名单位: The World Bank; International Monetary Fund; International Monetary Fund
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2022.103688
• 发表日期: 2023
• 关键词: Firm -level data; Extended gravity; Regional trade agreements; Deep integration

摘要

How do regional trade agreements impact exporters in non-member countries? We revisit this long-standing trade policy question using firm-level data from Costa Rica and detailed information on the content of trade agreements. Differently from the conventional view on trade diversion, the analysis shows that deep regional trade agreements can have a positive spillover effect: they increase the probability of export and entry of third-country firms that previously exported to one of the member countries. This spillover effect is driven by provisions that are nondiscriminatory and address regulatory issues, as they make member countries more similar, thus allowing to reduce entry costs. Indeed, firms exporting regulation-intensive products benefit disproportionately more from deep trade agreements in destination markets.(c) 2022 Elsevier B.V. All rights reserved.