Economics, Econometrics and Finance
3 years ago

Deep Trade Agreements Boost Competition, Reduce Firms' Market Power Worldwide

2 views
World Bank policy research working paper
The Value of Deep Trade Agreements in the Presence of Pricing-to-Market
Meredith A. Crowley, Lu Han, Thomas Prayer

Paper Summary

Preferential trade agreements (PTAs) can lead to more competition and lower prices for products. By analyzing data from 257 PTAs and exports from thirteen countries, researchers found that firms exporting goods under these agreements saw increased sales and lower prices. This suggests that PTAs have a positive impact on market integration and competition.

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