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Bilateralism and Multilateralism: a Network Approach

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Listed author(s):
  • 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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    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
    Handle: RePEc:sal:celpdp:0125
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    Web page: http://www.celpe.unisa.it
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    Keywords: Free Trade Agreements; Multilateralism; Network Formation Games;

    Find related papers by JEL classification:

    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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    8. Juliette Milgram-Baleix & Ana Isabel Moro-Egido, 2005. "Intra-industry trade with emergent countries: what can we learn from spanish data?," Economics Bulletin, AccessEcon, vol. 6(12), pages 1-17.
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    10. Jaime Behar, 1991. "Economic Integration and Intra-Industry Trade: The Case of the Argentine-Brazilian Free Trade Agreement," Journal of Common Market Studies, Wiley Blackwell, vol. 29(5), pages 527-552, 09.
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    14. repec:ebl:ecbull:v:6:y:2005:i:12:p:1-17 is not listed on IDEAS
    15. Dutta, Bhaskar & Mutuswami, Suresh, 1997. "Stable Networks," Journal of Economic Theory, Elsevier, vol. 76(2), pages 322-344, October.
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    16. Sanjeev Goyal & Sumit Joshi, 2006. "Bilateralism And Free Trade," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 47(3), pages 749-778, 08.
    17. Levy, Philip I, 1997. "A Political-Economic Analysis of Free-Trade Agreements," American Economic Review, American Economic Association, vol. 87(4), pages 506-519, September.
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