¿Son importantes los acuerdos en el comercio internacional de Bolivia? Una aplicación de la teoría de la gravitación a los flujos comerciales
[Are agreements important in Bolivia's international trade? An application of the gravity equation]
Given the debate about the advantages and disadvantages of free trade in development countries, this document analyses the importance of bilateral and multilateral agreements on Bolivia's trade between 1992 and 2009. For this purpose, a pooled model and panel data for the gravity equation of trade are estimated. Results show that trade agreements in Bolivia have not been relevant to modify the existing patterns of trade. In particular, trade agreements have not been helpful to increase the countries' exports. Bolivia's trade patterns are then better explained by more structural factors, such as the economic size of trade partners and their geographical proximity.
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- Andrew K. Rose, 2002.
"Do We Really KNow that the WTO Increases Trade?,"
182002, Hong Kong Institute for Monetary Research.
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