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Author Vollrath, Thomas L., author.

Title Reciprocal trade agreements [electronic resource] : impacts on bilateral trade expansion and contraction in the world agricultural marketplace / Thomas L. Vollrath ; Charles B. Hallahan.

Publication Info. [Washington, D.C.] : United States Department of Agriculture, Economic Research Service, [2011]


Location Call No. OPAC Message Status
 Axe Federal Documents Online  A 93.73:113    ---  Available
Description 1 online resource (iv, 29 pages) : color illustration.
text rdacontent
computer rdamedia
online resource rdacarrier
Series Economic research report ; number 113
Economic research report (United States. Department of Agriculture. Economic Research Service) ; number 113.
Note Title from title screen (viewed April 3, 2014).
"A report from the Economic Research Service."
"April 2011."
Summary The rapid increase in the number of bilateral and regional free-trade agreements since 1995 is a striking development. The proliferation of these agreements has raised questions about whether they have, in fact, opened markets, created trade, promoted economic growth, and/or distorted trade. This study uses panel data from 1975 to 2005 and a gravity framework model to identify the influence of reciprocal trade agreements (RTAs) on bilateral trade in the world agricultural marketplace. A benchmark, Heckman sample-selection and two generalized models, one of which accounts for RTA phase-in effects, are used to gauge the impact on partner trade of mutual as well as asymmetric RTA membership. Empirical results show that RTAs increase agricultural trade between member countries but decrease trade between member and nonmember countries. Interestingly, RTAs were found to be particularly effective at expanding agricultural trade and opening markets in developing countries when developing- country trading partners are part of the same agreement.
Note Accompanied by summary report.
Bibliography Includes bibliographical references (pages 23-27).
Subject Commercial treaties -- Evaluation.
Produce trade -- Evaluation.
Reciprocity (Commerce) -- Evaluation.
Commodity exchanges -- Evaluation.
Developing countries -- Commercial policy -- Evaluation.
Developed countries -- Commercial policy -- Evaluation.
Produce trade. (OCoLC)fst01078136
Reciprocity (Commerce) (OCoLC)fst01716003
Added Author Hallahan, Charles B., author.
United States. Department of Agriculture. Economic Research Service, issuing body.
Note Also referred to as: RTAs
Added Title Bilateral trade expansion and contraction in the world agricultural marketplace
Other Form: Print version: Vollrath, Thomas L. Reciprocal trade agreements (OCoLC)741107448
Gpo Item No. 0042-V (online)
Sudoc No. A 93.73:113

Available items only