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The not-so-generalized effects of the generalized system of preferences

Emanuel Ornelas and Marcos Ritel

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: We use an empirical gravity equation approach to study how nonreciprocal trade preferences (NRTPs), enacted mainly through the Generalized System of Preferences, affect the exports of the beneficiary nations. In line with existing studies, the average trade effect stemming from nonreciprocal preferences is highly unstable across specifications. However, once we allow for heterogeneous effects, results become robust and economically important. Specifically, NRTPs have a strong effect on the exports of beneficiaries when they are members of the World Trade Organization and are very poor. Not-so-poor beneficiaries also expand foreign sales, but only if they are not WTO members. For all others, the average export effects of NRTPs are mute.

Keywords: trade preferences; gravity equation; trade policy; nonreciprocity; GSP (search for similar items in EconPapers)
JEL-codes: F13 F14 F15 F5 O19 O24 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-int
Date: 2018-10
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http://eprints.lse.ac.uk/91701/ Open access version. (application/pdf)

Related works:
Working Paper: The Not-So-Generalized Effects of the Generalized System of Preferences (2018) Downloads
Working Paper: The Not-So-Generalized Effects of the Generalized System of Preferences (2018) Downloads
Working Paper: The not-so-generalized effects of the Generalized System of Preferences (2018) Downloads
Working Paper: The not-so-generalized effects of the Generalized System of Preferences (2018) Downloads
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