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The Trade Effects of Endogenous Preferential Trade Agreements

Title data

Egger, Peter ; Larch, Mario ; Staub, Kevin E. ; Winkelmann, Rainer:
The Trade Effects of Endogenous Preferential Trade Agreements.
In: American Economic Journal : Economic Policy. Vol. 3 (2011) Issue 3 . - pp. 113-143.
ISSN 1945-7731
DOI: https://doi.org/10.1257/pol.3.3.113

Abstract in another language

Recent work by Anderson and van Wincoop (2003) establishes an empirical modelling strategy which takes full account of the structural, non-(log-)linear impact of trade barriers on trade in new trade theory models. Structural new trade theory models have never been used to evaluate and quantify the role of endogenous preferential trade agreement (PTA) membership for trade in a way which is consistent with general equilibrium. Apart from this gap, the present paper aims at delivering an empirical model which takes into account both that preferential trade agreement membership is endogenous and that the world matrix of bilateral trade flows contains numerous zero entries. These features are treated in an encompassing way by means of (possibly two-part) Poisson pseudo-maximum likelihood estimation with endogenous binary indicator variables in the empirical model.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: gravity model; endogenous preferential trade agreement membership; Poisson pseudo-maximum likelihood estimation with endogenous binary indicator variables
Subject classification: F14, F15
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Economics > Lehrstuhl Volkswirtschaftslehre VI: Empirische Wirtschaftsforschung
Faculties > Faculty of Law, Business and Economics > Department of Economics > Lehrstuhl Volkswirtschaftslehre VI: Empirische Wirtschaftsforschung > Lehrstuhl für Volkswirtschaftslehre VI: Empirische Wirtschaftsforschung - Univ.-Prof. Dr. Mario Larch
Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Economics
Result of work at the UBT: Yes
DDC Subjects: 300 Social sciences > 330 Economics
Date Deposited: 14 Oct 2015 11:30
Last Modified: 01 Feb 2018 14:53
URI: https://eref.uni-bayreuth.de/id/eprint/16647