The trade structure effects of endogenous regional trade agreements

• 成果类型: Article
• 署名作者: Egger, Hartmut; Egger, Peter; Greenaway, David
• 署名单位: University of Nottingham; University of Zurich; Leibniz Association; Ifo Institut; University of Munich; University of Nottingham
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2007.06.004
• 发表日期: 2008
• 页码: 278-298
• 关键词: Regional trade agreements; Intra-industry trade; endogenous treatment effects

摘要

This paper formulates an empirical model to estimate the impact of endogenous new regional trade agreement (RTA) membership on trade structure. The likelihood of new RTA membership is influenced by economic fundamentals such as country size, factor endowments, and trade and investment costs. In a sample of country-pairs covering mainly the OECD economies we find a particularly strong effect of endogenous RTAs on intra-industry trade in a difference-in-difference analysis based on matching techniques. The associated trade volume effects are similar to the ones found in previous research on the effects of endogenous RTAs. Overall, this indicates that RTA membership might reduce inter-industry trade not only in relative but also in absolute terms and that the trade volume effect is due to the associated growth in trade within industries. (c) 2007 Elsevier B.V. All rights reserved.