GRAVITY, BILATERAL AGREEMENTS, AND TRADE DIVERSION IN THE AMERICAS

Krishna (1998) shows that bilateral agreements between two countries render a multilateral agreement less attractive if the bilateral agreement is trade diverting. This paper combines Krishna 's model with the empirical approach of Anderson and van Wincoop (2003) to show that the estimated effe...

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Autores principales:	Robertson,Raymond, Estevadeordal,Antoni
Lenguaje:	English
Publicado:	Instituto de Economía, Pontificia Universidad Católica de Chile 2009
Materias:	Gravity Models Asymmetric Tariffs Trade Diversion
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212009000100001
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spelling	oai:scielo:S0717-682120090001000012009-08-13GRAVITY, BILATERAL AGREEMENTS, AND TRADE DIVERSION IN THE AMERICASRobertson,RaymondEstevadeordal,Antoni Gravity Models Asymmetric Tariffs Trade Diversion Krishna (1998) shows that bilateral agreements between two countries render a multilateral agreement less attractive if the bilateral agreement is trade diverting. This paper combines Krishna 's model with the empirical approach of Anderson and van Wincoop (2003) to show that the estimated effect of tariffs in a multiple country (n>3) context over time measures trade diversion. We apply this measure to new asymmetric, time-varying Latin American trade and tariff data using Anderson and van Wincoop's (2003) nonlinear estimation approach and OLS. The results show an increase in trade diversion as sub-regional trade agreements proliferated and enthusiasm for the Free Trade Agreement of the Americas declined.info:eu-repo/semantics/openAccessInstituto de Economía, Pontificia Universidad Católica de ChileCuadernos de economía v.46 n.133 20092009-05-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212009000100001en10.4067/S0717-68212009000100001
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Gravity Models Asymmetric Tariffs Trade Diversion
spellingShingle	Gravity Models Asymmetric Tariffs Trade Diversion Robertson,Raymond Estevadeordal,Antoni GRAVITY, BILATERAL AGREEMENTS, AND TRADE DIVERSION IN THE AMERICAS
description	Krishna (1998) shows that bilateral agreements between two countries render a multilateral agreement less attractive if the bilateral agreement is trade diverting. This paper combines Krishna 's model with the empirical approach of Anderson and van Wincoop (2003) to show that the estimated effect of tariffs in a multiple country (n>3) context over time measures trade diversion. We apply this measure to new asymmetric, time-varying Latin American trade and tariff data using Anderson and van Wincoop's (2003) nonlinear estimation approach and OLS. The results show an increase in trade diversion as sub-regional trade agreements proliferated and enthusiasm for the Free Trade Agreement of the Americas declined.
author	Robertson,Raymond Estevadeordal,Antoni
author_facet	Robertson,Raymond Estevadeordal,Antoni
author_sort	Robertson,Raymond
title	GRAVITY, BILATERAL AGREEMENTS, AND TRADE DIVERSION IN THE AMERICAS
title_short	GRAVITY, BILATERAL AGREEMENTS, AND TRADE DIVERSION IN THE AMERICAS
title_full	GRAVITY, BILATERAL AGREEMENTS, AND TRADE DIVERSION IN THE AMERICAS
title_fullStr	GRAVITY, BILATERAL AGREEMENTS, AND TRADE DIVERSION IN THE AMERICAS
title_full_unstemmed	GRAVITY, BILATERAL AGREEMENTS, AND TRADE DIVERSION IN THE AMERICAS
title_sort	gravity, bilateral agreements, and trade diversion in the americas
publisher	Instituto de Economía, Pontificia Universidad Católica de Chile
publishDate	2009
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212009000100001
work_keys_str_mv	AT robertsonraymond gravitybilateralagreementsandtradediversionintheamericas AT estevadeordalantoni gravitybilateralagreementsandtradediversionintheamericas
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GRAVITY, BILATERAL AGREEMENTS, AND TRADE DIVERSION IN THE AMERICAS

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