The Political Economy of Preferential Trade Agreements: An Empirical Investigation
Facchini G, Silva P, Willmann G (2021)
Economic Journal 131(640): 3207-3240.
Zeitschriftenaufsatz
| Veröffentlicht | Englisch
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Autor*in
Facchini, Giovanni;
Silva, Peri;
Willmann, GeraldUniBi
Einrichtung
Abstract / Bemerkung
We develop a political economy model to study the decision of representative democracies to join a preferential trading agreement, distinguishing between free trade areas and customs unions. Our theoretical analysis shows that bilateral trade imbalances and income inequality are important factors determining the formation of preferential trading agreements, whereas the patterns of geographic specialisation explain whether a customs union or a free trade area will emerge. Our empirical analysis-using a comprehensive panel dataset spanning 187 countries over the period 1960-2015-provides strong support for these predictions.
Erscheinungsjahr
2021
Zeitschriftentitel
Economic Journal
Band
131
Ausgabe
640
Seite(n)
3207-3240
ISSN
0013-0133
eISSN
1468-0297
Page URI
https://pub.uni-bielefeld.de/record/2959735
Zitieren
Facchini G, Silva P, Willmann G. The Political Economy of Preferential Trade Agreements: An Empirical Investigation . Economic Journal. 2021;131(640):3207-3240.
Facchini, G., Silva, P., & Willmann, G. (2021). The Political Economy of Preferential Trade Agreements: An Empirical Investigation . Economic Journal, 131(640), 3207-3240. https://doi.org/10.1093/ej/ueab044
Facchini, Giovanni, Silva, Peri, and Willmann, Gerald. 2021. “The Political Economy of Preferential Trade Agreements: An Empirical Investigation ”. Economic Journal 131 (640): 3207-3240.
Facchini, G., Silva, P., and Willmann, G. (2021). The Political Economy of Preferential Trade Agreements: An Empirical Investigation . Economic Journal 131, 3207-3240.
Facchini, G., Silva, P., & Willmann, G., 2021. The Political Economy of Preferential Trade Agreements: An Empirical Investigation . Economic Journal, 131(640), p 3207-3240.
G. Facchini, P. Silva, and G. Willmann, “The Political Economy of Preferential Trade Agreements: An Empirical Investigation ”, Economic Journal, vol. 131, 2021, pp. 3207-3240.
Facchini, G., Silva, P., Willmann, G.: The Political Economy of Preferential Trade Agreements: An Empirical Investigation . Economic Journal. 131, 3207-3240 (2021).
Facchini, Giovanni, Silva, Peri, and Willmann, Gerald. “The Political Economy of Preferential Trade Agreements: An Empirical Investigation ”. Economic Journal 131.640 (2021): 3207-3240.
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