Expanding RTAs, trade flows, and the multinational enterprise

• 成果类型: Article
• 署名作者: Fratianni, Michele; Oh, Chang Hoon
• 署名单位: Brock University; Marche Polytechnic University; Indiana University System; IU Kelley School of Business; Indiana University Bloomington
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/jibs.2009.8
• 发表日期: 2009
• 页码: 1206-1227
• 关键词: trade blocks; regional integration; multinational enterprises (MNEs); plurilateral RTAs; trade creation and trade diversion; multinational strategy

摘要

We test the relationship between the size of regional trade agreements (RTAs) and openness by using a gravity equation with multilateral trade factors. Our sample includes 11 RTAs, seven with constant membership and four with expanding membership. Regional trade bias declines with the size of the club; three of the four expanding RTAs have already surpassed their optimal'' size. We also explore the link between openness of the RTA and the geographic strategy of the multinational enterprise. We find strong evidence in favor of the regionalization strategy, which has been enhanced by the presence of RTAs. Journal of International Business Studies (2009) 40, 1206-1227. doi:10.1057/jibs.2009.8