Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109557
Authors: 
Alba, Joseph
Hur, Jung
Park, Donghyun
Year of Publication: 
2010
Series/Report no.: 
ADB Working Paper Series on Regional Economic Integration 46
Abstract: 
We use panel data consisting of 96 countries and covering the period 1960–2000 to investigate the effects of free trade agreements (FTAs) and hub-and-spoke systems of FTAs on exports. Our empirical results imply an annual growth rate of 5.57% in exports, leading to a doubling of exports after 12.4 years, between FTA partners. Non-overlapping FTAs account for 4.12%, while hub-and-spoke FTAs account for 1.45% of the estimated export growth rate. This indicates that in addition to the direct trade liberalizing effect of FTAs, the hub-and-spoke nature of FTAs has an additional positive effect on trade.
Subjects: 
free trade agreement
hub and spoke
world bilateral trade data
panel data analysis
fixed effect
average treatment effect
JEL: 
F15
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/igo
Document Type: 
Working Paper

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