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The Components of Free Trade Agreements and Their Effects on International Trade

Author

Listed:
  • Cho, Moonhee

    (Korea Institute for International Economic Policy)

  • Kim, Young Gui

    (Korea Institute for International Economic Policy)

  • Koo, Kyong Hyun

    (Korea Institute for International Economic Policy)

  • Park, Hyeri

    (Korea Institute for International Economic Policy)

  • Keum, Hyeyoon

    (Korea Institute for International Economic Policy)

Abstract

We analyzes the effects that the components of FTA have on international trade. According to the empirical results, the more free trade agreements contain WTO+ and WTO-X provisions and the more legally enforceable these provisions are, the more bilateral trade increases. We also find that the effects of FTA's provisions on trade depend on the economic level of FTA partner countries.

Suggested Citation

  • Cho, Moonhee & Kim, Young Gui & Koo, Kyong Hyun & Park, Hyeri & Keum, Hyeyoon, 2020. "The Components of Free Trade Agreements and Their Effects on International Trade," World Economy Brief 20-12, Korea Institute for International Economic Policy.
    • Handle: RePEc:ris:kiepwe:2020_012
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    Cited by:

    1. Soonchan Park & Innwon Park, 2023. "Firm size‐specific trade effects of regional trade agreements: Estimating extensive and intensive margins of trade," Asian Economic Journal, East Asian Economic Association, vol. 37(1), pages 82-112, March.

    More about this item

    Keywords

    FTA; International Trade;

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General

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