Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/240629 
Year of Publication: 
2020
Series/Report no.: 
wiiw Working Paper No. 186
Publisher: 
The Vienna Institute for International Economic Studies (wiiw), Vienna
Abstract: 
Political debates and economic analyses often focus on single free trade agreements and their potential economic effects on participating trading partners. This study contributes to the literature by shedding light on the significance of trade agreements in the context of countries' positions in worldwide trade agreement networks, by combining network theory with gravity trade modelling. We illustrate, both numerically and graphically, the evolution of the global web of trade agreements in general, and the network of the European Union specifically, accounting for the geographical and temporal change in the depth of agreements implemented. Gravity estimations for the period 1995-2017 distinguish the direct bilateral effects of trade agreements from indirect effects attributable to the scope of trade networks and countries' positions therein.
Subjects: 
free trade agreements
network effects
trade policy
structural gravity model
JEL: 
D58
F13
F14
F43
Document Type: 
Working Paper

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