Integration and trade diversion

R&D Spillovers, Trade Integration And Expansion Of Trade Flows In East- West Asia And Pacific

“Trade And Global Integration”

This paper focuses on the post-war process of creation of a global trading system and integration of world trade. As the former came into being, multilateral trade liberalization became an on-going feature of the global economy facilitating international trade, consequently importance of international trade in the global economy increased dramatically. Since the mid-1980s, mindset of policy mak...

Economics Trade Creation and Diversion under the Thailand - Australia Free Trade

This paper examines the impact of the Thailand-Australia Free Trade Agreement (TAFTA) on bilateral merchandise trade flows between Australia and Thailand. Using aggregated data, an augmented gravity model is estimated in an attempt to quantify the trade creation and/or diversion effects of the agreement. The model includes 178 countries and is estimated using panel data over the period 1998 to ...

Preferential Trade Agreements, The Metzler Paradox, and Trade Diversion: An Interpretation of the GATT Article XXIV

Tari¤ Concessions in a Preferential Trade Agreement (PTA) are likely to divert trade from non-participating countries. Consequently, their welfare will deteriorate if the tari¤ rates of the incumbents remain the same. In a general equilibrium framework with multiple goods and multiple regions, this paper clari...es the determinants of the trade diversion. Similarity between the excess supply st...

Financial Crisis and Steel Trade Integration in Asia and Pacific: A Static and Dynamic Analysis

The objective of this paper is to explore the effect of financial crisis on trade flows of steel industries in the major Asian-Pacific steel producing countries. Using a static and dynamic panel data analysis, we test the hypothesis that the global financial crisis has a negative effect on Asia-Pacific bilateral steel trade flows. We also examine the role of regional trade integration in bilate...