The impact of trade agreements : new approach, new insights /
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| Author / Creator: | Hannan, Swarnali Ahmed, author, (IMF staff) |
|---|---|
| Imprint: | [Washington, D.C.] : International Monetary Fund, [2016] ©2016 |
| Description: | 1 online resource (32 pages) : color illustrations. |
| Language: | English |
| Series: | IMF working paper ; WP/16/117 IMF working paper ; WP/16/117. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12506737 |
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| 090 | |a HG3881.5.I58 |b W67 No. 16/117eb | ||
| 100 | 1 | |a Hannan, Swarnali Ahmed, |e author, |e (IMF staff) | |
| 245 | 1 | 4 | |a The impact of trade agreements : |b new approach, new insights / |c prepared by Swarnali Ahmed Hannan. |
| 264 | 1 | |a [Washington, D.C.] : |b International Monetary Fund, |c [2016] | |
| 264 | 4 | |c ©2016 | |
| 300 | |a 1 online resource (32 pages) : |b color illustrations. | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper ; |v WP/16/117 | |
| 500 | |a "June 2016." | ||
| 500 | |a At head of title: Strategy, Policy and Review Department. | ||
| 504 | |a Includes bibliographical references (pages 29-32). | ||
| 520 | 3 | |a The Trans-Pacific Partnership (TPP) has reinvigorated research on the ex-ante impact of trade agreements. The results from these ex-ante models are subject to considerable uncertainties, and needs to be complimented by ex-post studies. The paper fills this gap in recent literature by employing synthetic control methods (SCM) -- currently extremely popular in micro and macro studies -- to understand the impact of trade agreements in the period 1983--1995 for 104 country pairs. The key advantage of using SCM to address selection bias -- one of the persisting issues in trade literature -- is that it allows the effect of unobserved confounder to vary with time, as opposed to traditional econometric methods that can deal with time-invariant unobserved country characteristics. Using SCM approach, the paper finds that trade agreements can generate substantial gains, on average an increase of exports by 80 percentage points over ten years. The export gains are higher when emerging markets have trade agreements with advanced markets. The paper shows that all the countries in NAFTA have substantially gained due to NAFTA. Finally, there is some evidence that trade agreements can potentially lead to slight import diversion, but not export diversion. | |
| 588 | |a Description based on online resource; title from pdf title page (IMF.org Web site, viewed August 9, 2016). | ||
| 630 | 0 | 0 | |a North American Free Trade Agreement |d (1992 December 17) |0 http://id.loc.gov/authorities/names/n92099941 |
| 630 | 0 | 7 | |a North American Free Trade Agreement (1992 December 17) |2 fast |0 (OCoLC)fst01802742 |
| 650 | 0 | |a International trade. |0 http://id.loc.gov/authorities/subjects/sh87004890 | |
| 650 | 0 | |a Commercial treaties. |0 http://id.loc.gov/authorities/subjects/sh85028962 | |
| 650 | 6 | |a Commerce international. | |
| 650 | 6 | |a Accords commerciaux. | |
| 650 | 7 | |a Commercial treaties. |2 fast |0 (OCoLC)fst00869654 | |
| 650 | 7 | |a International trade. |2 fast |0 (OCoLC)fst00977128 | |
| 655 | 4 | |a Electronic books. | |
| 710 | 2 | |a International Monetary Fund, |e publisher. | |
| 710 | 2 | |a International Monetary Fund. |b Strategy, Policy, and Review Department, |e sponsor. | |
| 830 | 0 | |a IMF working paper ; |v WP/16/117. | |
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