Economic integration agreements and the margins of international trade

• 成果类型: Article
• 署名作者: Baler, Scott L.; Bergstrand, Jeffrey H.; Feng, Michael
• 署名单位: Clemson University; Federal Reserve System - USA; Federal Reserve Bank - Atlanta; University of Notre Dame; University of Notre Dame; Leibniz Association; Ifo Institut
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2014.03.005
• 发表日期: 2014
• 页码: 339-350
• 关键词: Free trade agreements; international trade; Extensive margins; Intensive margins

摘要

One of the main policy sources of trade-cost changes is the formation of an economic integration agreement (ElA), which potentially affects an importing country's welfare. This paper: (i) provides the first evidence using gravity equations of both intensive and extensive (goods) margins being affected by ElAs employing a panel data set with a large number of country pairs, product categories, and ElAs from 1962 to 2000; (ii) provides the first evidence of the differential (partial) effects of various types of ElAs on these intensive and extensive margins of trade; and (iii) finds a novel differential timing of the two margins' (partial) effects with intensive-margin effects occurring sooner than extensive-margin effects, consistent with recent theoretical predictions. The results are robust to correcting for potential sample-selection, firm-heterogeneity, and reverse causality biases. (C) 2014 Elsevier B.V. All rights reserved.