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Do trade agreeements reduce the volatility of agricultural distortions (Inglês)

The objective of this paper is to evaluate the extent to which trade agreements affect agricultural trade policy volatility. Using a new panel database compiled as part of the World Bank's agricultural distortions research project, the author estimate the effect of regionalism on the volatility of price distortions measured by the absolute value of their first differences, averaged, for each country and year, over all agricultural goods. Using an instrumental-variable approach to correct for the endogeneity of regional trade agreements, (RTAs), the author fined that participation in RTAs has a significantly negative effect on agricultural trade-policy volatility. The author find that the World Trade Organization (WTO) agricultural agreement also contributed to reducing agricultural trade-policy volatility, in spite of the weak disciplines involved, but the effect is only weakly identified. The results are robust to a variety of robustness checks and hold, in particular, for the Latin American sub-sample.

Detalhes

  • Autor

    Cadot,Olivier, Olarreaga,Marcelo, Tschopp,Jeanne

  • Data do documento

    2009/05/01

  • No. do relatório

    55961

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    Mundo,

  • Região

    Regiões Mundiais,

  • Data de divulgação

    2010/08/05

  • Disclosure Status

    Disclosed

  • Nome do documento

    Do trade agreeements reduce the volatility of agricultural distortions?

  • Palavras-chave

    general agreement on tariffs and trade;trade agreement;Trade Policies;Trade Policy;Social Welfare;agricultural distortions;agricultural trade policy;indicator of trade policy;membership in the wto;global estimate;multilateral trading system;regional trade agreement;trade policy changes;determinants of trade;preferential trade agreement;measure of trade;bilateral trade flow;fixed effect;world price;rules of origin;bilateral trade agreement;trade policy decisions;country fixed effect;terms of trade;parameter of interest;separation of power;domestic policy reform;foreign direct investment;trade in services;areas of trade;differences in results;regional integration agreement;protection for sale;european monetary system;share of trade;impact of trade;agreement in force;free trade area;comparative political economy;volatility in price;global agricultural production;measure of volatility;tariff import;special preferential treatment;tariff on import;coefficient of variation;policy volatility;agricultural agreement;border measure;parliamentary system;export tax;external price;lagged level;agricultural good;security concern;import subsidy;policy variable;robustness check;standard error;basic specification;alternative measure;discretionary policy;discretionary policies;import demand;negative coefficient;simple average;positive coefficient;reduce trade;agricultural protection;urban agricultural policy;International Trade;product level;Public Goods;estimation result;nominal rate;domestic price;bargaining position;market access;preferential agreement;stated objective;gravity equation;partner country;trade distortion;

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