Trade agreements and Latin American trade (creation and diversion) and welfare
Ayman El Dahrawy Sánchez‐Albornoz and
The World Economy, 2021, vol. 44, issue 7, 2004-2040
This study analyses the process of economic integration in Latin America. Making use of a structural gravity model and including intra‐national trade flows, this paper provides an ex‐post assessment of the effect of the trade agreements (TAs) signed by Latin American countries on international trade. We account for the last wave of TAs proliferation and estimate treaty‐level effects. On average, TAs had a positive effect on Latin American trade. This holds true for both intra‐Latin American agreements and agreements between Latin American countries and the Rest‐of‐the‐World (RoW). However, we unveil that these average estimates cover a substantial degree of heterogeneity across TAs. Additionally, we quantify ex‐ante general equilibrium effects on the trade volumes and welfare of Latin American countries under different scenarios of deeper trade integration and disintegration.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed
Downloads: (external link)
Working Paper: Trade Agreements and Latin American trade (creation and diversion) and welfare (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bla:worlde:v:44:y:2021:i:7:p:2004-2040
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0378-5920
Access Statistics for this article
The World Economy is currently edited by David Greenaway
More articles in The World Economy from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().