Does regionalism affect trade liberalization towards non-members?
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Author
Contributions
- Freund, Caroline L. - Contributor
- Ornelas, Emanuel. - Contributor
- London School of Economics and Political Science. Centre for Economic Performance. - Contributor
Publication
2008 - Centre for Economic Performance, London School of Economics and Political Science, London, Missouri
Language
English
Word Count
0 words, Guess
Page Count
0 pages
Physical Format
Electronic resource
Identifiers
- Library of Congress Control Number2008613831
- Open LibraryOL22656121M
Classifications
- LCCHC10
Description
We examine the effect of regionalism on unilateral trade liberalization using industry-level data on applied MFN tariffs and bilateral preferences for ten Latin American countries from 1990 to 2001. We find that preferential tariff reduction in a given sector leads to a reduction in the external (MFN) tariff in that sector. External liberalization is greater if preferences are granted to important suppliers. However, these "complementarity effects" of preferential liberalization on external liberalization do not arise in customs unions. Overall, our results suggest that concerns about a negative effect of preferential liberalization on external trade liberalization are unfounded.
Subjects
Series Statement
- CEP discussion paper -- no. 868
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