Deep Trade Agreements and Global Value Chains

被引:96
作者
Laget, Edith [1 ]
Osnago, Alberto [2 ]
Rocha, Nadia [1 ]
Ruta, Michele [1 ]
机构
[1] World Bank, 1818 H St NW, Washington, DC 20433 USA
[2] World Trade Org, Geneva, Switzerland
关键词
Deep Integration; Global value chains; Regionalism; Trade agreements;
D O I
10.1007/s11151-020-09780-0
中图分类号
F [经济];
学科分类号
02 ;
摘要
A prominent argument as to why countries sign "deep" preferential trade agreements (PTAs) is to foster global value chains (GVCs) operations. By exploiting a new dataset on the content of PTAs, this paper quantifies the positive impact of deep PTAs on GVC participation, mostly driven by value-added trade in intermediate rather than in final goods and services. On average, each additional policy areas increases the domestic and the foreign value added of intermediates by 0.48 and 0.38%. Deep PTAs facilitate integration in industries with higher levels of value added. Their content also matters for GVC integration by income group.
引用
收藏
页码:379 / 410
页数:32
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