The Impact of Regional Trade Agreements on Trade in Agricultural Products [E-Book] / Jean Christophe Bureau and Sebastien Jean
Trade flows are significantly affected by the trade agreements both with respect to impacts on pre-existing trade flows, (intensive margin) and on new, previously non-existent trade flows (extensive margin). The effect of the Regional Trade Agreements on pre-existing trade flows are found to be sign...
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Full text |
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Personal Name(s): | Bureau, Jean Christophe. |
Jean, Sebastien. | |
Imprint: |
Paris :
OECD Publishing,
2013
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Physical Description: |
32 p. ; 21 x 29.7cm. |
Note: |
englisch |
DOI: |
10.1787/5k3xznkz60vk-en |
Series Title: |
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OECD Food, Agriculture and Fisheries Papers ;
65 |
Keywords: |
Trade Agriculture and Food |
Trade flows are significantly affected by the trade agreements both with respect to impacts on pre-existing trade flows, (intensive margin) and on new, previously non-existent trade flows (extensive margin). The effect of the Regional Trade Agreements on pre-existing trade flows are found to be significant with a mean elasticity of substitution at the product level of about 2 so that a 1% preferential margin increases trade by only 2% on average. Total bilateral exports are found to be increased by 18% on average for products benefiting from a preferential margin between 5 and 10%, and by 48% for products where the margin exceeds 10%. The effect of an RTA agreement on extensive margin is to increase the probability to export a given a product to a partner country by one percentage point on average. Furthermore preferential margins, as measured through their impact on tax-inclusive consumer prices, nearly double within eight years of entry into force rising from 4.7% to 8.9% on average. |