ARE PREFERENTIAL TRADE AGREEMENTS STUMBLING BLOCKS?

被引:1
作者
Cheewatrakoolpong, Kornkarun [1 ]
机构
[1] Chulalongkorn Univ, Dept Econ, Bangkok 10330, Thailand
关键词
Stumbling blocks; preferential trade agreement; WTO; trade negotiation;
D O I
10.1142/S0217590812500300
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper studies the effect of preferential trade agreements (PTAs) on multilateral trading system using a sequential bargaining game. The study considers two formats of PTAs, i.e., when the PTA tariffs are specified before the formation of PTAs and when PTA members have to negotiate PTA tariffs after the formation of PTAs. The study finds that PTAs with specified tariffs can be building blocks to multilateral liberalization while PTAs without specified tariffs are stumbling blocks. The paper also concludes that PTAs can eliminate bargaining inefficiency called forward manipulation when PTA tariffs are specified before PTA negotiation.
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页数:19
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