Gradualism and dynamic trade adjustment: Revisiting the pro-trade effect of free trade agreements

Benjamin Jung

Economics Letters, 2012, vol. 115, issue 1, 63-66

Abstract: Do pro-trade effects of free trade agreements reflect timing of policy or dynamic trade adjustment? Only the latter involves dynamic welfare gains. I find that dynamic trade adjustment is as important as the immediate impact effect of free trade agreements.

Keywords: International bilateral trade; Free trade agreements; Trust; Dynamic panel data (search for similar items in EconPapers)
JEL-codes: F14 F15 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (20)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:115:y:2012:i:1:p:63-66

DOI: 10.1016/j.econlet.2011.12.013

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