This paper explores the economic impacts of preferential trade agreements, conditional on their level of ambition. It clusters 278 agreements, encompassing 910 provisions over 18 policy areas and estimates the trade elasticity for the different clusters. These elasticities are used in a series of general-equilibrium counterfactual situations for endowment economies, revealing that deepening existing agreements (the intensive margin of regional integration)...
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2023/03/03
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Journal Article
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186252
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1
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2023/12/07
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Disclosed
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The Economic Impact of Deepening Trade Agreements
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Citation
Lionel Fontagné; Rocha Gaffurri,Nadia Patrizia; Ruta,Michele; Santoni,Gianluca.
The Economic Impact of Deepening Trade Agreements (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099852112072356621