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Deep Trade Agreements and Global Value Chains
by
Osnago, Alberto
, Rocha, Nadia
, Laget, Edith
, Ruta, Michele
in
Agreements
/ Economics
/ Economics and Finance
/ Industrial Organization
/ International trade
/ Microeconomics
/ Trade agreements
/ Value
/ Value added
/ Value chain
2020
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Do you wish to request the book?
Deep Trade Agreements and Global Value Chains
by
Osnago, Alberto
, Rocha, Nadia
, Laget, Edith
, Ruta, Michele
in
Agreements
/ Economics
/ Economics and Finance
/ Industrial Organization
/ International trade
/ Microeconomics
/ Trade agreements
/ Value
/ Value added
/ Value chain
2020
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Journal Article
Deep Trade Agreements and Global Value Chains
2020
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Overview
A prominent argument as to why countries sign “deep” preferential trade agreements (PTAs) is to foster global value chains (GVCs) operations. By exploiting a new dataset on the content of PTAs, this paper quantifies the positive impact of deep PTAs on GVC participation, mostly driven by value-added trade in intermediate rather than in final goods and services. On average, each additional policy areas increases the domestic and the foreign value added of intermediates by 0.48 and 0.38%. Deep PTAs facilitate integration in industries with higher levels of value added. Their content also matters for GVC integration by income group.
Publisher
Springer Science + Business Media,Springer US,Springer Nature B.V
Subject
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