Terms of Trade and Global Efficiency Effects of Free Trade Agreements, 1990-2002
James Anderson and
Yoto Yotov
No 17003, NBER Working Papers from National Bureau of Economic Research, Inc
Abstract:
This paper infers the terms of trade effects of Free Trade Agreements (FTA's) with the structural gravity model. Using panel data methods to resolve two way causality between trade and FTA's, we estimate direct FTA effects on bilateral trade volume in 2 digit manufacturing goods from 1990-2002. We deduce the terms of trade changes implied by these volume effects for 40 countries plus a rest-of-the-world aggregate. Some gain over 10%, some lose less than 0.2%. Overall, using a novel measure of the change in iceberg melting, global efficiency rises 0.62%.
JEL-codes: F13 (search for similar items in EconPapers)
Date: 2011-04
Note: ITI
References: Add references at CitEc
Citations: View citations in EconPapers (66)
Published as Anderson, James E. & Yotov, Yoto V., 2016. "Terms of trade and global efficiency effects of free trade agreements, 1990–2002," Journal of International Economics, Elsevier, vol. 99(C), pages 279-298.
Downloads: (external link)
http://www.nber.org/papers/w17003.pdf (application/pdf)
Related works:
Journal Article: Terms of trade and global efficiency effects of free trade agreements, 1990–2002 (2016)
Working Paper: Terms of Trade and Global Efficiency Effects of Free Trade Agreements, 1990-2002 (2012)
Working Paper: Terms of Trade and Global Efficiency Effects of Free Trade Agreements, 1990-2002 (2011)
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:nbr:nberwo:17003
Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w17003
Access Statistics for this paper
More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by (wpc@nber.org).