Third-country effects on the formation of free trade agreements

• 成果类型: Article
• 署名作者: Chen, Maggie Xiaoyang; Joshi, Sumit
• 署名单位: George Washington University; George Washington University
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2010.06.003
• 发表日期: 2010
• 页码: 238-248
• 关键词: Free trade agreements; Third country effect; Loss sharing; Concession erosion

摘要

The recent proliferation of free trade agreements (FTAs) has resulted in an increasingly complex network of preferential trading relationships The economics literature has generally examined the formation of FTAs as a function of the participating countries economic characteristics alone In this paper we show both theoretically and empirically that the decision to enter into an ETA is also crucially dependent on the participating countries existing FTA relationships with third countries Accounting for the interdependence of FTAs helps to explain a significant fraction of ETA formations that would not otherwise be predicted by countries economic characteristics (C) 2010 Elsevier B V All rights reserved