The Economic Impact of Deepening Trade Agreements
Lionel Fontagné
- Fonction : Auteur
- PersonId : 6113
- IdHAL : lionelfontagne
- ORCID : 0000-0002-6450-3593
- IdRef : 029638062
Gianluca Santoni
- Fonction : Auteur
- PersonId : 1284486
- ORCID : 0000-0002-5082-6455
Résumé
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.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
The Economic Impact of Deepening Trade Agreements
|
Résumé |
en
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.
|
Auteur(s) |
Lionel Fontagné
1, 2, 3
, Nadia Rocha
4
, Michele Ruta
5
, Gianluca Santoni
3
1
CES -
Centre d'économie de la Sorbonne
( 15080 )
- Maison des Sciences Économiques - 106-112 Boulevard de l'Hôpital - 75647 Paris Cedex 13
- France
2
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
3
CEPII -
Centre d'Etudes Prospectives et d'Informations Internationales
( 39083 )
- 9 rue Georges Pitard - 75740 Paris Cedex 15
- France
4
World Bank Group
( 419331 )
- 1818 H Street, NW Washington, DC 20433 USA
- États-Unis
5
International Monetary Fund (IMF)
( 302029 )
-
- France
|
Audience |
Internationale
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Langue du document |
Anglais
|
Nom de la revue |
|
Date de publication |
2023-08-28
|
Volume |
37
|
Numéro |
3
|
Page/Identifiant |
366-388
|
Domaine(s) |
|
Projet(s) ANR |
|
DOI | 10.1093/wber/lhad005 |
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