Export für Ihre Literaturverwaltung

Übernahme per Copy & Paste
Bibtex-Export
Endnote-Export

       

Weiterempfehlen

Bookmark and Share


On the bilateral trade effects of free trade agreements between the EU-15 and the CEEC-4 countries

[Zeitschriftenartikel]

Caporale, Guglielmo Maria; Rault, Christophe; Sova, Robert; Sova, Anamaria

Zitationshinweis

Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):http://nbn-resolving.de/urn:nbn:de:0168-ssoar-203184

Weitere Angaben:
Abstract The expansion of regionalism has spawned an extensive theoretical literature analysing the effects of free trade agreements (FTAs) on trade flows. In this paper we focus on FTAs (also called European agreements) between the European Union (EU-15) and the Central and Eastern European countries (CEEC-4, i.e. Bulgaria, Hungary, Poland and Romania) and model their effects on trade flows by treating the agreement variable as endogenous. Our theoretical framework is the gravity model, and the econometric method used to isolate and eliminate the potential endogeneity bias of the agreement variable is the fixed effect vector decomposition (FEVD) technique. Our estimation results indicate a positive and significant impact of FTAs on trade flows. This finding is robust to the inclusion in the sample of a group of control countries (specifically Belarus, the Russian Federation and the Ukraine) that did not sign an FTA. Besides, we show that trade growth after the FTA agreement with the EU was signed exceeded trade growth of the control group of countries, which did not become members.
Klassifikation Volkswirtschaftslehre; Wirtschaftspolitik; Wirtschaftssektoren
Freie Schlagwörter Regionalisation; European integration; Panel data methods; F13; F15; C23
Sprache Dokument Englisch
Publikationsjahr 2009
Seitenangabe S. 189-206
Zeitschriftentitel Review of World Economics, 145 (2009) 2
DOI http://dx.doi.org/10.1007/s10290-009-0011-8
Status Postprint; begutachtet (peer reviewed)
Lizenz PEER Licence Agreement (applicable only to documents from PEER project)
top