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The Value of Deep Trade Agreements in the Presence of Pricing-to-Market (Inglês)

Do preferential trade agreements (PTAs) lead to greater market integration, more intense competition and less market power for firms? This paper integrates the detailed data on 257 preferential trade agreements from the World Bank's Deep Trade Agreements (DTA) database with administrative customs datasets of product-level exports by firms from thirteen developing and emerging countries to estimate the responsiveness of firm-level exports, export prices, and destination-specific markups to trade and domestic policy commitments enshrined in deep trade agreements. The findings suggest that both the direct and indirect effects of deep trade agreement provisions on export sales are quantitatively significant. Perhaps more interestingly, the finding of a suggestive evidence of a pro-competitive effect of PTAs.

Detalhes

  • Autor

    Crowley,Meredith A, Han,Lu, Prayer,Thomas

  • Data do documento

    2021/03/25

  • TIpo de documento

    Documento de trabalho sobre pesquisa de políticas

  • No. do relatório

    WPS9600

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    Mundo,

  • Região

    Regiões Mundiais,

  • Data de divulgação

    2021/03/25

  • Disclosure Status

    Disclosed

  • Nome do documento

    The Value of Deep Trade Agreements in the Presence of Pricing-to-Market

  • Palavras-chave

    trade agreement; trade and investment; development research group; Cost, Insurance and Freight; Barriers to Market Access; changes in market condition; mutual recognition of standards; Technical Barriers to Trade; preferential trade agreement; trade share; rules of origin; market power; import market; import of product; International Trade; elasticity of demand; firm-level trade; intensity of competition; local market condition; economic research; multilateral trade agreement; international trade agreement; international trade transaction; degree of competition; reasonable time period; trade-weighted average; domestic regulatory policies; change in prices; export of products; global value chain; types of good; strategic trade policy; elasticity of substitution; bilateral trade relations; export value; Trade Policies; export price; foreign market; time t; traded goods; foreign destinations; natural logarithm; average price; product level; intense competition; conformity assessment; missing value; total trade; destination country; trading partner; pricing strategy; panel data; competent authority; consumer electronics; emerging country; export volume; trade datum; oligopolistic competition; competitive behaviour; partner country; trade costs; positive value; consumption good; administrative datum; empirical relationship; trade value; exporting country; take-up rate; monthly data; preferential treatment; trade partner; antidumping policy; estimation result; gravity equation; empirical work; import share; destination market; robustness check; average sales; linguistic features; customs declaration; customs datum; industrial chemicals; customs systems; recording system; high trade; global trade; proxy measure; manufactured goods; supply shock; legal system; recent studies; product market; trade war; domestic price; standard error; empirical regularity; alternative measure; Emerging economies; customs infrastructure; empirical model; price variation; industry wage; price level; increased competition; trade pattern; largest markets; future research; emerging economy; empirical evidence; independent variable; import data; customs administration; government authority; trade product; empirical analysis; short term consultant; Research Support; competition policy; corporate structure; foreign country; Exchange Rates; sales volume; development policy; open access; direct competitors; trade elasticity; gravity model; market strategy; study including; empirical research; unbalanced panel; export market; firm-level exports; foreign exporter; market integration; price decision; domestic policies

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