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The Pacific Alliance and the potential effects of a Trans-Pacific Economic Cooperation Agreement without the United States

Author

Listed:
  • Leonardo Raffo López
  • Edwin A. Hern�ndez Garc�a
  • V�ctor A. D�az Espa�a

Abstract

This article analyzes the possible consequences of the entry into forcé of the Trans-Pacific Partnership Agreement (TPP) without the United States for the countries of the Pacific Alliance (PA). It develops a descriptive analysis of the evolution of trade between PA countries and TPP member countries during the period 1980-2015. Gravitational models are also estimated to empirically examine the determinants of trade flows in these countries. As a result, the paper shows that TPP may favor trade flows in PA countries, and that the withdrawal of the U.S. from TPP would not affect these trade flows.

Suggested Citation

  • Leonardo Raffo López & Edwin A. Hern�ndez Garc�a & V�ctor A. D�az Espa�a, 2017. "The Pacific Alliance and the potential effects of a Trans-Pacific Economic Cooperation Agreement without the United States," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 10(1), pages 89-110.
    • Handle: RePEc:col:000443:016386
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    References listed on IDEAS

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    Cited by:

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    2. Andrés Fernando Chamorro-García & Edwin Arbey Hern�ndez-Garc�a, 2019. "Remesas y crecimiento económico regional en Colombia 2009 - 2016: una aplicación de datos panel," Apuntes del Cenes, Universidad Pedagógica y Tecnológica de Colombia, vol. 38(68), pages 185-246.

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    Keywords

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    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation

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