Dynamic preferential trade agreement formation and the role of political economy

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2024-01-01 DOI:10.1111/ecin.13199

Eric Conglin Chi, Halis Murat Yildiz

引用次数: 0

Abstract

Using a dynamic preferential trade agreement (PTA) formation model, we show that political biases in exporting and import-competing sectors substantially impact the extent of PTA formation. While both exclusion and free riding incentives constrain the expansion to global free trade in a free trade agreement (FTA) game, only the former incentive arises in a customs union (CU) game. When we endogenize the choice between FTAs and CUs, the tension between the flexibility benefit of FTAs and the coordination benefit of CUs reveals that FTAs always serve as PTA building blocks while CUs may serve as PTA building or stumbling blocks.

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动态优惠贸易协定的形成与政治经济学的作用

通过使用动态优惠贸易协定（PTA）形成模型，我们发现出口和进口竞争部门的政治偏差会对优惠贸易协定的形成产生重大影响。在自由贸易协定（FTA）博弈中，排他性和搭便车动机都会限制全球自由贸易的扩展，而在关税同盟（CU）博弈中，只有前者才会产生排他性和搭便车动机。当我们在自由贸易协定和关税同盟之间进行内生选择时，自由贸易协定的灵活性优势和关税同盟的协调优势之间的矛盾表明，自由贸易协定始终是建立自由贸易协定的基石，而关税同盟则可能是建立自由贸易协定的绊脚石。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.