Economics, Econometrics and Finance
4 years ago

Bilateral trade deals fail to boost trade, plurilateral pacts thrive

2 views
Bulletin of Economic Research
Warning: Bilateral trade agreements do not create trade
Carlos Cháfer, Salvador Gil‐Pareja, Rafael Llorca‐Vivero

Paper Summary

Bilateral trade agreements do not increase trade between countries, while plurilateral trade agreements do. Researchers studied data from 211 countries and territories between 1948 and 2013 to reach this conclusion.

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