Trade and Welfare Effects of the WTO Trade Facilitation Agreement

World Trade Organization · Cosimo Beverelli · Isabella Gourevich · Inga Heiland · Alexander Keck · Mario Larch +1 more

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Global trade and economics World Trade Organization Law Global Trade and Competitiveness

Abstract

The WTO Trade Facilitation Agreement (TFA) has been predicted to bring about an expansion in trade flows and real income gains. To date, there is still very limited empirical evidence on the actual post-implementation impact of the TFA. This paper provides an assessment, combining econometric estimations from a structural gravity model with general equilibrium modelling results.

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References

2003Gravity with Gravitas: A Solution to the Border Puzzle 2002Technology, Geography, and Trade 1979A Theoretical Foundation for the Gravity Equation.2006Do free trade agreements actually increase members' international trade?2014Gravity Equations: Workhorse,Toolkit, and Cookbook 2008Distorted Gravity: The Intensive and Extensive Margins of International Trade 2012New Trade Models, Same Old Gains?2014Estimates of the Trade and Welfare Effects of NAFTA

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