Effects of Regional Trade Agreements on Trade in Agrifood Products: Evidence from Gravity Modeling Using Disaggregated Data

dc.contributor.author Jayasinghe, Sampath
dc.contributor.author Sarker, Rakhal
dc.contributor.department Center for Agricultural and Rural Development
dc.date 2018-02-16T14:30:30.000
dc.date.accessioned 2020-06-30T01:04:31Z
dc.date.available 2020-06-30T01:04:31Z
dc.date.embargo 2015-06-17
dc.date.issued 2004-09-01
dc.description.abstract <p>The recent proliferation of regional trade agreements (RTAs) has intensified the debate on their merits. A growing literature has addressed this policy debate, focusing on the welfare and trade effects of RTAs and their likely impacts on the multilateral trading system. Some view them as stepping-stones toward multilateral trade liberalization while others see them as stumbling blocks against free trade. The existing literature has neglected some important aspects of RTAs dealing with trade in agrifood products. This study analyzes trade creation and diversion effects of the North American Free Trade Agreement (NAFTA) on trade of six selected agrifood products from 1985 to 2000. The investigation estimates an extended gravity model using pooled cross-sectional time-series regression and generalized least squares methods. The result shows that the share of intraregional trade is growing within NAFTA and that NAFTA has displaced trade with the rest of the world. NAFTA has served to boost trade significantly among its members rather than with the rest of the world. Countries participating in NAFTA have moved toward a lower degree of relative openness in agrifood trade with the rest of the world.</p>
dc.identifier archive/lib.dr.iastate.edu/card_workingpapers/396/
dc.identifier.articleid 1391
dc.identifier.contextkey 7231143
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath card_workingpapers/396
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/12738
dc.source.bitstream archive/lib.dr.iastate.edu/card_workingpapers/396/04wp374.pdf|||Fri Jan 14 23:56:19 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Growth and Development
dc.subject.disciplines Industrial Organization
dc.subject.disciplines International Economics
dc.subject.keywords agrifood products
dc.subject.keywords gravity model
dc.subject.keywords NAFTA
dc.subject.keywords North American Free Trade Agreement
dc.subject.keywords regional trade agreements
dc.subject.keywords trade creation
dc.subject.keywords trade diversion
dc.title Effects of Regional Trade Agreements on Trade in Agrifood Products: Evidence from Gravity Modeling Using Disaggregated Data
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isOrgUnitOfPublication 1a6be5f1-4f64-4e48-bb66-03bbcc25c76d
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