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• W1719483457 abstract "This paper infers the terms of trade effects of free trade agreements (FTAs) implemented in the 1990s. We estimate large FTA effects on bilateral trade volume in 2 digit manufacturing goods from 1990–2002, using panel data gravity methods to resolve two way causality. The terms of trade changes implied by these volume effects are deduced for 40 countries plus a rest-of-the-world aggregate using an endowments general equilibrium model. Some countries gain over 5% of real manufacturing income, some lose less than 0.3%. Global efficiency of manufactures trade rises 0.9% based on a distance function measure of iceberg melting." @default.
• W1719483457 created "2016-06-24" @default.
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• W1719483457 date "2016-03-01" @default.
• W1719483457 modified "2023-10-17" @default.
• W1719483457 title "Terms of trade and global efficiency effects of free trade agreements, 1990–2002" @default.
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• W1719483457 doi "https://doi.org/10.1016/j.jinteco.2015.10.006" @default.
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