Year: 2021
Type: article
Abstract: Between 2004 and 2012, the United States enacted bilateral trade agreements with Chile, Peru, Panama, and Colombia.Using bilateral trade panel datasets of agri-food commodities, we estimate a structural gravity model to analyze the trade creation and trade diversion effects of these agreements.The agreements resulted in substantial increases in intramember trade for aggregate agri-food trade among member countries, ranging from 53.73% for the Chilean agreement to 354.03% for the Peruvian agreement.Substantial heterogeneity exists when the aggregate commodity is disaggregated and when US exports to and imports from the four Latin American countries are considered.
Authors: Luckstead, Luckstead
Language: English
Topic: Global trade and economics
Domain: Social Sciences
Open Access status: green
Award: G1324544087
OpenAlex ID: W3207269207