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The Pacific Alliance and the potential effects of a Trans-Pacific Economic Cooperation Agreement without the United States

Leonardo Raffo López (), Edwin A. Hernández García** () and Víctor A. Díaz España*** ()

Revista Finanzas y Politica Economica, 2018, vol. 10, issue 1, 89-110

Abstract: This article analyzes the possible consequences of the entry into force of the Trans-Pacific Partnership Agreement (TPP) without the United States for the countries of the Pacific Alliance (PA). It develops a descriptive analysis of the evolution of trade between PA countries and TPP member countries during the period 1980-2015. Gravitational models are also estimated to empirically examine the determinants of trade flows in these countries. As a result, the paper shows that TPP may favor trade flows in PA countries, and that the withdrawal of the U.S. from TPP would not affect these trade flows.

Keywords: international trade; Pacific Alliance; Trans-PacificPartnership; free trade agreements; comparative advantage; gravity model. (search for similar items in EconPapers)
JEL-codes: F10 F13 F14 F15 F17 (search for similar items in EconPapers)
Date: 2018
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