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Trade agreements and trade flows: Estimating the effect of free trade agreements on trade flows with an application to the European Union

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  • Scott L. Baier
  • Jeffrey H. Bergstrand

Abstract

This paper examines the proposed EU-GCC FTA, a free trade agreement (FTA) between the EU and the Gulf Cooperation Counil (GCC), which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The paper first takes a fresh look at the methodology generally applied to analysis of potential FTAs, and then uses its own enhanced methodology to analyse the proposed EU-GCC FTA.

Suggested Citation

  • Scott L. Baier & Jeffrey H. Bergstrand, 2004. "Trade agreements and trade flows: Estimating the effect of free trade agreements on trade flows with an application to the European Union," European Economy - Economic Papers 2008 - 2015 214, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
  • Handle: RePEc:euf:ecopap:0214
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    File URL: http://ec.europa.eu/economy_finance/publications/pages/publication584_en.pdf
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    References listed on IDEAS

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    12. McCallum, John, 1995. "National Borders Matter: Canada-U.S. Regional Trade Patterns," American Economic Review, American Economic Association, vol. 85(3), pages 615-623, June.
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    14. Preeg, Ernest H., 1998. "From Here to Free Trade," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226679624, April.
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    Cited by:

    1. INSEL, Aysu & TEKCE, Mahmut, 2010. "Econometric analysis of the bilateral trade flows in the Gulf Cooperation Council countries," MPRA Paper 22130, University Library of Munich, Germany.

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