The Economic Impact of Deepening Trade Agreements

Lionel Fontagné, Nadia Rocha, Michele Ruta and Gianluca Santoni
Additional contact information
Nadia Rocha: World Bank Group

Post-Print from HAL

Abstract: This paper explores the economic impacts of preferential trade agreements, conditional on their level of ambition. It clusters 278 agreements, encompassing 910 provisions over 18 policy areas and estimates the trade elasticity for the different clusters. These elasticities are used in a series of general-equilibrium counterfactual situations for endowment economies, revealing that deepening existing agreements (the intensive margin of regional integration) could boost world trade by 3.9 percent and world GDP by 0.9 percent. The expected gains from deepening agreements within or across regions vary depending on the initial depth of agreements and the size of regional markets.

Date: 2023-08
References: Add references at CitEc
Citations:

Published in World Bank Economic Review, 2023, 37 (3), pp.366-388. ⟨10.1093/wber/lhad005⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: The Economic Impact of Deepening Trade Agreements (2023)
Working Paper: The Economic Impact of Deepening Trade Agreements (2023)
Working Paper: The Economic Impact of Deepening Trade Agreements (2023)
Working Paper: The Economic Impact of Deepening Trade Agreements (2022)
Working Paper: The Economic Impact of Deepening Trade Agreements (2022)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-04208569

DOI: 10.1093/wber/lhad005

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().