[go: up one dir, main page]

  EconPapers    
Economics at your fingertips  
 

The “deeper” and the “wider” EU strategies of trade integration.An empirical evaluation of EU Common Commercial Policy effects

Roberta de Santis () and Claudio Vicarelli

No 79, ISAE Working Papers from ISTAT - Italian National Institute of Statistics - (Rome, ITALY)

Abstract: Since the post war period, the EU Common Commercial Policy (CCP) has moved in two directions mainly through of Preferential Trade agreements (PTAs): a “deeper” (internal) trade integration process intended to reinforce trade relations among European countries (i.e. Custom Union, Single Market, European Monetary Union, Enlargement Process), and a “wider” (external) integration process intended to reinforce trade relations with third countries.Surprisingly, there are very few empirical studies in the literature which specifically quantify the effects of “all” EU PTAs on the European countries’ trade flows. This paper seeks to fill this gap by conducting an empirical investigation on whether and how the CCP has had a significant impact on European countries’ imports. It adopts an extended version of the gravity model. In line with recent studies, it also controls for heterogeneity and bilateral trends, and includes a set of variables to proxy for the “multilateral resistance index”. According to our results, the EU “free trade area” has been a successful experiment in trade liberalisation. However, the positive and significant coefficient of PTAs signed by EU with third countries may somehow have limited the occurrence of trade diversion effects. Indeed the coefficient of trade diversion dummy is small and significant.

Keywords: trade flows; regional integration; gravity model; panel data (search for similar items in EconPapers)
JEL-codes: C13 C23 F13 F15 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2007-03
New Economics Papers: this item is included in nep-eec and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://lipari.istat.it/digibib/Working_Papers/WP_79_2007_Desantis_Vicarelli.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:isa:wpaper:79

Access Statistics for this paper

More papers in ISAE Working Papers from ISTAT - Italian National Institute of Statistics - (Rome, ITALY) Contact information at EDIRC.
Bibliographic data for series maintained by Stefania Rossetti ().

 
Page updated 2024-12-09
Handle: RePEc:isa:wpaper:79