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Bilateralism and Multilateralism: a Network Approach

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  • PAPACCIO, Anna

    ()
    (CELPE - Centre of Labour Economics and Economic Policy, University of Salerno - Italy)

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    Abstract

    The deadlock in the Doha Round and the proliferation of regional and bilateral trade agreements has given rise to a new interest in the potential relationship between regionalism and multilateralism. This paper has two main aims. First, the formation of free trade agreements amongst symmetric and asymmetric countries has been studied by means of the network formation theory. Second, we have focused on the connection between bilateralism and multilateralism and we have evaluated the efficiency of the equilibrium configurations. In order to characterize and distinguish between bilateral and multilateral outcomes we have used two different network stability notions, that is, pairwise stability and strong stability. Moreover, from the analysis of pairwise and strong stability we have also obtained insights on the relationship between bilateralism and multilateralism.

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    Bibliographic Info

    Paper provided by CELPE - Centre of Labour Economics and Economic Policy, University of Salerno, Italy in its series CELPE Discussion Papers with number 125.

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    Length: 62 pages
    Date of creation: 31 Jan 2013
    Date of revision:
    Handle: RePEc:sal:celpdp:0125

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    Keywords: Free Trade Agreements; Multilateralism; Network Formation Games;

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    1. Baier, Scott L. & Bergstrand, Jeffrey H., 2007. "Do free trade agreements actually increase members' international trade?," Journal of International Economics, Elsevier, Elsevier, vol. 71(1), pages 72-95, March.
    2. Matthew O. Jackson & Asher Wolinsky, 1995. "A Strategic Model of Social and Economic Networks," Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science 1098R, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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    12. Raihan, Selim, 2004. "Trade Barriers in a Global Perspective," Centre on Regulation and Competition (CRC) Working papers, University of Manchester, Institute for Development Policy and Management (IDPM) 30618, University of Manchester, Institute for Development Policy and Management (IDPM).
    13. Sanjeev Goyal, 2007. "Introduction to Connections: An Introduction to the Economics of Networks
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    14. Giorgio Fagiolo & Javier Reyes & Stefano Schiavo, 2007. "The Evolution of the World Trade Web," LEM Papers Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy 2007/17, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    15. Watts, Alison, 2001. "A Dynamic Model of Network Formation," Games and Economic Behavior, Elsevier, Elsevier, vol. 34(2), pages 331-341, February.
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    17. repec:ebl:ecbull:v:6:y:2005:i:12:p:1-17 is not listed on IDEAS
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