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• W1987629042 abstract "This paper examines how dissimilarity of partner country characteristics affects the change in trade flows under a preferential trade agreement (PTA). Our results show that the more similar the partner countries are, the larger the increase in intra-bloc trade is under a PTA. Particularly, there is a substantial “development neighborhood premium”: the gain for developing countries from a PTA among themselves is about two and a half times that from partnering with industrial countries. Our findings challenge the perception that by becoming more integrated with industrial countries, developing countries could automatically gain access to a much larger and lucrative export market." @default.
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• W1987629042 date "2015-02-01" @default.
• W1987629042 modified "2023-09-25" @default.
• W1987629042 title "Heterogeneous Effects of Preferential Trade Agreements: How does Partner Similarity Matter?" @default.
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• W1987629042 doi "https://doi.org/10.1016/j.worlddev.2014.08.021" @default.
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