How does trade affect the design of preferential trade agreements (PTAs)? What is the role of global value chains (GVCs)? The authors answer these questions by empirically investigating the causal impact of gross and value-added trade on the depth of PTAs. To solve the critical issue of endogeneity of trade flows for trade policy, the identification strategy exploits a recent transportation shock: the sharp increase in the maximum size of container...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2021/03/25
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Рабочий документ в рамках исследования вопросов политики
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WPS9598
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1
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1
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2021/03/25
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Disclosed
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Global Value Chains and Deep Integration
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trade and investment