The Trade Effects of the EU-South Korea Free Trade Agreement: Heterogeneity Across Time, Country Pairs, and Directions of Trade within Country Pairs
نویسندگان
چکیده
Abstract The EU-South Korea Free Trade Agreement, which entered into force in 2015, is an example of so-called “second-generation” regional trade agreements. Using the gravity equation and drawing on a novel dataset manufacturing goods (Monteiro World Organization, Geneva, 2020), I explore heterogeneity effects this agreement across time (anticipation phasing-in/delayed adjustment), country pairs, trading directions within pairs (exports versus imports). First, positive effect after announcement vanished one year prior to entry force. Second, average exports EU countries South rise, while imports are not significantly affected, potentially reflecting differences ex ante policies. Third, additional caused by larger for those where accounted large share extra-EU already before agreement.
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ژورنال
عنوان ژورنال: Open Economies Review
سال: 2022
ISSN: ['1573-708X', '0923-7992']
DOI: https://doi.org/10.1007/s11079-022-09690-6