Files and links (1)
SubmittedOpen Access (License Unspecified), Open
Journal article
Terms of trade and global efficiency effects of free trade agreements, 1990–2002
Journal of international economics, v 99
Mar 2016
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
This paper infers the terms of trade effects of free trade agreements (FTAs) implemented in the 1990s. We estimate large FTA effects on bilateral trade volume in 2 digit manufacturing goods from 1990–2002, using panel data gravity methods to resolve two way causality. The terms of trade changes implied by these volume effects are deduced for 40 countries plus a rest-of-the-world aggregate using an endowments general equilibrium model. Some countries gain over 5% of real manufacturing income, some lose less than 0.3%. Global efficiency of manufactures trade rises 0.9% based on a distance function measure of iceberg melting.
•We infer the terms of trade effects of free trade agreements implemented 1990–2002.•Panel data methods resolve two way causality between trade and FTAs.•Some members gain over 5% of real manufacturing income.•Some non-members lose less than 0.3%.•Global efficiency rises 0.9% using novel distance function measure.
Metrics
Details
- Title
- Terms of trade and global efficiency effects of free trade agreements, 1990–2002
- Creators
- James E. Anderson - Boston CollegeYoto V. Yotov - Bulgarian Academy of Sciences
- Publication Details
- Journal of international economics, v 99
- Publisher
- Elsevier
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Web of Science ID
- WOS:000373648100017
- Scopus ID
- 2-s2.0-84959885117
- Other Identifier
- 991019167580404721
UN Sustainable Development Goals (SDGs)
This publication has contributed to the advancement of the following goals:
InCites Highlights
Data related to this publication, from InCites Benchmarking & Analytics tool:
- Collaboration types
- Domestic collaboration
- International collaboration
- Web of Science research areas
- Economics