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dc.contributor.authorMoelders, Florianen_US
dc.description.abstractInternational trade ows reveal strong persistence over time. This paper is concerned with the role of trade agreements in this persistent environment. The data reveal a high level of heterogeneity of the trade- creating effect along the trade volume and per-capita income distributions. If controlled for persistence in bilateral trade ows, I find that higher per- capita incomes are associated with smaller increases in bilateral trade ows if an agreement is present, compared to lower-income countries. This gives rise to a re-assessment of trade agreements and hence of economic policy. While they are a powerful tool for trading partners at the lower end of the per-capita income distribution, they are less so at the upper end.en_US
dc.publisherZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft Kiel und Hamburgen_US
dc.relation.ispartofseriesProceedings of the German Development Economics Conference, Berlin 2011 58en_US
dc.subject.keywordTrade agreementsen_US
dc.subject.keywordGravity modelen_US
dc.subject.keywordTrade persistenceen_US
dc.titleTrade Persistence and the Limits of Trade Agreementsen_US
dc.typeConference Paperen_US
Appears in Collections:Proceedings of the German Development Economics Conference, 2011 (Berlin)

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