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What are the economic effects of regional trade agreements?

Gerschewski, Stephan (2013) What are the economic effects of regional trade agreements? Journal of Strategic and International Studies, 8 (1). pp. 57-63. ISSN 2326-3636.

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Abstract

The purpose of this study is to review the economic effects of regional trade agreements (RTAs). We examine whether RTAs lead to trade creation or trade diversion, thus raising or lowering world welfare. In addition, we investigate whether RTAs are contributing to or are hindering global free trade. Our review suggests that there is inconsistency in the trade creation and diversion effects of RTAs with empirical support for both effects. In addition, there tends to be no consensus in the literature on the role of RTAs as “building blocks” or “stumbling blocks” for global free trade. The study raises implications for future research.

Item Type: Article
Uncontrolled keywords: Regional trade agreement, trade creation, trade diversion, global free trade, stumbling block, building block
Subjects: H Social Sciences > HF Commerce > HF5351 Business
Divisions: Faculties > Social Sciences > Kent Business School > Marketing
Depositing User: Stephan Gerschewski
Date Deposited: 07 Dec 2019 05:06 UTC
Last Modified: 09 Dec 2019 11:23 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/79208 (The current URI for this page, for reference purposes)
Gerschewski, Stephan: https://orcid.org/0000-0002-4976-1033
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