Formation of interdependent regional trade agreements and production networks

Autor:	Soonchan Park, Innwon Park
Rok vydání:	2017
Předmět:	Estimation Economics and Econometrics 050208 finance business.industry media_common.quotation_subject 05 social sciences Instrumental variable Probit International trade International economics Interdependence Accounting General partnership 0502 economics and business Political Science and International Relations Economics Production (economics) 050207 economics business Welfare Finance Panel data media_common
Zdroj:	The World Economy. 40:2032-2055
ISSN:	0378-5920
DOI:	10.1111/twec.12489
Popis:	Production networks (PNs) can be defined as a determinant of trade partnership. Deepening PNs may generate positive welfare effects and lead to a proliferation in the formation of interdependent regional trade agreements (RTAs). This paper theoretically develops the link between PNs and the formation of RTAs and empirically investigates the link by applying a qualitative choice model estimation methodology (probit) with panel data that covers bilateral country-pairs among 147 countries between 2000 and 2010. We find that the RTA formation has been strongly driven by deepening PNs between members as well as with third countries. We also find that production network-driven RTA interdependence is member specific.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::fd31d5d235070d287663965d652aa2ef https://doi.org/10.1111/twec.12489 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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