| Description |
1 online resource (iv, 29 pages) : color illustration. |
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text rdacontent |
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computer rdamedia |
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online resource rdacarrier |
| Series |
Economic research report ; number 113 |
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Economic research report (United States. Department of Agriculture. Economic Research Service) ; number 113.
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| Note |
Title from title screen (viewed April 3, 2014). |
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"A report from the Economic Research Service." |
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"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.
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Produce trade -- Evaluation.
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Reciprocity (Commerce) -- Evaluation.
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Commodity exchanges -- Evaluation.
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Developing countries -- Commercial policy -- Evaluation.
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Developed countries -- Commercial policy -- Evaluation.
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Produce trade. (OCoLC)fst01078136
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Reciprocity (Commerce) (OCoLC)fst01716003
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| Added Author |
Hallahan, Charles B., author.
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United States. Department of Agriculture. Economic Research Service, issuing body.
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| 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 |
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