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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. Hernández García
  • Víctor A. Díaz España

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. Hernández García & Víctor A. Díaz España, 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, October.
  • Handle: RePEc:col:000443:016386
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    References listed on IDEAS

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    7. Bergstrand, Jeffrey H, 1985. "The Gravity Equation in International Trade: Some Microeconomic Foundations and Empirical Evidence," The Review of Economics and Statistics, MIT Press, vol. 67(3), pages 474-481, August.
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    Cited by:

    1. Andrés Fernando Chamorro-García & Edwin Arbey Hernández-García, 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, July.

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    More about this item

    Keywords

    international trade; Pacific Alliance; Trans-Pacific Partnership; free trade agreements; comparative advantage; gravity model;
    All these keywords.

    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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