impact of regional trade agreements on bilateral trade flows: A Systemic Literature Review

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dc.contributor.authorMCHANI, SIBULELE
dc.date.accessioned2023-02-20T13:47:37Z
dc.date.available2023-02-20T13:47:37Z
dc.date.issued2022-12-02
dc.description.abstractThis paper reviews the theoretical and empirical literature on the impact of regional trade agreements on trade. The empirical literature is arranged based on the econometric methods used to estimate the gravity model. Advantages and disadvantages of each method were highlighted. Papers covering RTAs from Africa, Asia, the Americas, and Europe were reviewed to gain a more representative understanding. The covered empirical literature suggests that the Poisson Pseudo Maximum Likelihood (PPML) estimator is more reliable than OLS in estimating gravity models, as it can deal with zero trade flows. The Fixed Effects (FE) approach produces more consistent estimates than the Random Effects (RE) approach when quantifying the effects of RTAs. This is because it allows one to control for the unobserved time-invariant variables. Surprisingly, the covered literature suggests that a great majority of African RTAs generated trade, regardless of the method of estimation used. Journal of Economic Literature (JEL) codes: F13, F15en
dc.formatapplication/pdf
dc.identifier.citationCompetitio, Vol. 21 No. 1-2 (2022) , 119-133
dc.identifier.doihttps://doi.org/10.21845/comp/2022/1-2/3
dc.identifier.eissn2939-7324
dc.identifier.issn1588-9645
dc.identifier.issue1-2
dc.identifier.jatitleCom
dc.identifier.jtitleCompetitio
dc.identifier.urihttps://hdl.handle.net/2437/345953en
dc.identifier.volume21
dc.languageen
dc.relationhttps://ojs.lib.unideb.hu/competitio/article/view/10349
dc.rights.accessOpen Access
dc.rights.ownerSIBULELE MCHANI
dc.subjectgravity modelen
dc.subjectRTAen
dc.subjectOLSen
dc.subjectPPMLen
dc.titleimpact of regional trade agreements on bilateral trade flows: A Systemic Literature Reviewen
dc.typefolyóiratcikkhu
dc.typearticleen
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