Effects of Hub-and-Spoke Free Trade Agreements on Trade: A Panel Data Analysis

被引：21

作者：

Hur, Jung ^{[1
]}

Alba, Joseph D. ^{[2
]}

Park, Donghyun

机构：

[1] Sogang Univ, Seoul, South Korea

[2] Nanyang Technol Univ, Singapore, Singapore

来源：

WORLD DEVELOPMENT | 2010年 / 38卷 / 08期

关键词：

free trade agreement; hub and spoke; world bilateral trade data; panel data analysis; fixed effect; average treatment effect; INVESTMENT;

D O I：

10.1016/j.worlddev.2010.02.009

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

We use panel data consisting of 96 countries and covering the period 1960-2000 to investigate the effects of free trade agreements (FTAs) and hub-and-spoke systems of FTA on exports. Our empirical results imply an annual growth rate of 5.57% in exports and hence a doubling of exports after 12.4 years between FTA partners. Non-overlapping FTAs account for 4.12%, while hub-and-spoke FTAs account for 1.45% of the estimated export growth rate. This indicates that, in addition to the direct trade liberalizing effect of FTAs, the hub-and-spoke nature of FTAs has an additional positive effect on trade. (C) 2010 Elsevier Ltd. All rights reserved.

引用

页码：1105 / 1113

页数：9

共 19 条

[1] Gravity with gravitas: A solution to the border puzzle [J].