Regional Trade Agreements in Mediterranean Area: Econometric Analysis by Static Gravity Model

REFERENCES

• Abedini , J. , and N. Peridy . 2008 . The greater Arab free trade area (GAFTA): An estimation of the trade effects . Journal Economic Integration 23 : 848 – 872 .
   Google Scholar
• Anderson , J. E. 1979 . A theoretical foundation for the gravity equation . American Economic Review 69 : 106 – 116 .
   Web of Science ®Google Scholar
• Anderson , J. E. , and E. van Wincoop . 2003 . Gravity with gravitas: A solution to the border puzzle . American Economic Review 93 : 170 – 192 .
   Web of Science ®Google Scholar
• Augier , P. , M. Gasiorek , and C. Lai Tong . 2005 . The impact of rules of origin on trade flows . Economic Policy 20 : 567 – 624 .
   Google Scholar
• Azman-Saini , W. N. W. , and A. Z. Baharumshah . 2010 . Foreign direct investment, economic freedom and economic growth: International evidence . Economic Modelling 27 : 1079 – 1089 .
   Web of Science ®Google Scholar
• Baier , S. L. , and J. H. Bergstrand . 2007 . Do free trade agreements actually increase members' international trade? Journal of International Economics 71 : 72 – 95 .
   Web of Science ®Google Scholar
• Baier , S. L. , J. H. Bergstrand , P. Egger , and P. McLaughlin . 2008. Do economic integration agreements actually work? Issues in understanding the causes and consequences of the growth of regionalism. The World Economy 31:461–497.
   Web of Science ®Google Scholar
• Baltagi , B. H. , P. Egger , and M. Pfaffermayr . 2003 . A generalized design for bilateral trade flow models . Economics Letters 80 : 391 – 397 .
   Web of Science ®Google Scholar
• Bayoumi , T. , and B. Eichengreen . 1997 . Is regionalism simply a diversion? Evidence from the evolution of the EC and EFTA . In Regionalism versus multilateral trade arrangements , ed. T. Ito and A. Krueger , 55 – 69 . Chicago : University of Chicago Press .
   Google Scholar
• Bergstrand , J. H. 1985 . The gravity equation in international trade: Some microeconomic foundations and empirical evidence . The Review of Economics and Statistics 67 : 474 – 481 .
   Web of Science ®Google Scholar
• Bergstrand , J. H. 1989 . The generalised gravity equation, monopolistic competition, and the factor-proportions theory in international trade . The Review of Economics and Statistics 71 : 143 – 153 .
   Web of Science ®Google Scholar
• Bergstrand , J. H. 1990 . The Heckscher–Ohlin–Samuelson Model, the Linder hypothesis, and the determinants of bilateral intraindustry trade . Economic Journal 100 : 1216 – 1229 .
   Web of Science ®Google Scholar
• Bun , M. J. , and F. J. Klaassen . 2007 . The Euro effect on trade is not as large as commonly thought . Oxford Bulletin of Economics and Statistics 69 : 473 – 96 .
   Web of Science ®Google Scholar
• Bussiere , M. , J. Fidrmuc , and B. Schnatz . 2008 . Enlargement and trade integration: Lessons from a gravity model . Review of Development Economics 12 : 562 – 576 .
   Web of Science ®Google Scholar
• Carrere , C. 2006 . Revisiting the effects of regional trade agreements on trade flows with proper specification of the gravity model . European Economic Review 50 : 223 – 547 .
   Web of Science ®Google Scholar
• Chen , I.-H. , and Y. Y. Tsai . 2008 . Estimating the staged effects of regional economic integration on trade volumes . Applied Economics 40 : 383 – 393 .
   Web of Science ®Google Scholar
• Cheng , I.-H. , and H. J. Wall . 2005 . Controlling for heterogeneity in gravity models of trade . Review (Federal Reserve Bank of St. Louis) 87 : 49 – 63 .
   Google Scholar
• Deardorff , A. V. 1995 . Determinants of bilateral trade: Does gravity work in a neoclassical world. Working Paper No. 5388, Cambridge, MA: National Bureau of Economic Research.
   Google Scholar
• Djankov , S. , and C. Freund . 2002 . Trade flows in the former Soviet Union, 1987 to 1996 . Journal of Comparative Economics 30 : 76 – 90 .
   Web of Science ®Google Scholar
• Dupuch , S. 2001 . Les déterminants des flux d'IDE intra-européens: Centre d'Économie de Paris-Nord (CEPN) CNRS-UMR Université PARIS-NORD. [The determinants of intra-EU FDI flows: Economics Centre Paris-Nord (CEPN) CNRS-UMR University PARIS-NORD].
   Google Scholar
• Egger , P. 2000 . A note on the proper econometric specification of the gravity equation . Economics Letters 66 : 25 – 31 .
   Web of Science ®Google Scholar
• Egger , P. 2002 . An econometric view on the estimation of gravity models and the calculation of trade potential . The World Economy 25 : 297 – 312 .
   Web of Science ®Google Scholar
• Egger , P. 2004 . Estimating regional trading bloc effects with panel data . Review of World Economics 140 : 151 – 66 .
   Web of Science ®Google Scholar
• Eichengreen , B. , and D. Irwin . 1998 . The role of history in bilateral trade flows . In The regionalization of the world economy , ed. J. Frankel , 33 – 64 . Chicago : The University of Chicago Press .
   Google Scholar
• Endoh , M. 1999. Trade creation and trade diversion in the EEC, the LAFTA and the CMEA: 1960–1994. Applied Economics 31:207–216.
   Web of Science ®Google Scholar
• Estevadeordal , A. , B. Frantz , and A. M. Taylor . 2002 . The rise and fall of world trade, 1870–1939. NBER Working Paper No. 9318. Cambridge, MA: National Bureau of Economic Research.
   Google Scholar
• Evenett , S. J. , and W. Keller . 2002 . On theories explaining the success of the gravity equation . Journal of Political Economy 110 : 281 – 316 .
   Web of Science ®Google Scholar
• Feenstra , R. C. 1998 . Integration of trade and disintegration of production in the global economy . Journal of Economic Perspectives 12 ( 4 ): 31 – 50 .
   Web of Science ®Google Scholar
• Filippini , C. , and V. Molini . 2003 . The determinants of East Asian trade flows: A gravity equation approach . Journal of Asian Economics 14 : 695 – 711 .
   Google Scholar
• Frankel , J. 1997 . Regional trading blocs in the world economic system . Washington , DC : Institute for International Economics .
   Google Scholar
• Frankel , J. A. , and S. J. Wei . 1998 . Regionalisation of world trade and currencies: Economics and politics . In The regionalisation of the world economy , ed. J. A. Frankel , 189 – 226 . Chicago : University of Chicago Press .
   Google Scholar
• Freund , C. L. 1998 . Regionalism and permanent diversion. International Finance Discussion Papers, Number 602.
   Google Scholar
• Fukao , K. , T. Okubo , and R. M. Stern . 2003 . An econometric analysis of trade diversion under NAFTA . North American Journal of Economics Finance 14 : 2 – 24 .
   Google Scholar
• Ghemawat , P. 2001 . Distance still matters: The hard reality of global expansion . Harvard Business Review 79 : 137 – 147 .
   PubMed Web of Science ®Google Scholar
• Glick , R. , and A. K. Rose . 2002 . Does a currency union affect trade? The time series evidence . European Economic Review 46 ( 6 ): 1125 – 1151 .
   Web of Science ®Google Scholar
• Hanson , G. H. , and C. Xiang . 2004 . The home market effect and bilateral trade patterns . American Economic Review September 94 : 1108 – 1129 .
   Web of Science ®Google Scholar
• Harrigan , J. 2001 . Specialization and the volume of trade: Do the data obey the laws? NBER Working Paper Number 8675.
   Google Scholar
• Hemkamon , K. 2007 . Determinants of trade and investment in Southeast Asia: An application of the gravity trade model. PhD diss., University of Birmingham.
   Google Scholar
• Kahouli , B. , and N. Kadhraoui . 2012 . Consolidation of regional groupings and economic growth: Empirical investigation by panel data . International Journal of Euro-Mediterranean Studies 5 : 71 – 92 .
   Google Scholar
• Kalirajan , K. 2007 . Regional cooperation and bilateral trade flows: An empirical measurement of resistance . International Trade Journal 21 : 85 – 107 .
   Google Scholar
• Laaser , C. F. , and K. Schrader . 2002 . European integration and changing trade patterns: The case of the Baltic States. Working Paper No. 1088, Kiel Institute for World Economics, University of Kiel.
   Google Scholar
• Lakatos , C. , and T. Walmsley . 2012 . Investment creation and diversion effects of the ASEAN–China free trade agreement . Economic Modelling 29 : 766 – 779 .
   Web of Science ®Google Scholar
• Lee , H. , and I. Park . 2007 . In search of optimized regional trade agreements and applications to East Asia . World Economy 30 : 783 – 806 .
   Web of Science ®Google Scholar
• Martinez-Zarzoso , I. , F. D. Nowak-Lehmann , and N. Horsewood , N. 2009 . Are regional trading agreements beneficial? Static and dynamic panel gravity models . North American Journal of Economics and Finance 20 : 46 – 65 .
   Web of Science ®Google Scholar
• Martínez-Zarzoso , I. , and C. Suárez-Burguet . 2005 . Transport costs and trade: Empirical evidence for Latin American imports from the European Union . Journal of International Trade and Economic Development 14 : 227 – 245 .
   Google Scholar
• Mátyás , L. 1997. Proper econometric specification of the gravity model. World Economy 20:363–368.
   Web of Science ®Google Scholar
• Musila , J. W. 2005 . The Intensity of trade creation and trade diversion in COMESA, ECCAS and ECOWAS: A comparative analysis . Journal of African Economies 14 : 117 – 141 .
   Web of Science ®Google Scholar
• Nitsch , V. 2000 . National borders and international trade: Evidence from the European Union . Canadian Journal of Economics 33 : 1091 – 1105 .
   Web of Science ®Google Scholar
• Oguledo , V. , and C. Macphee . 1994 . Gravity models: A reformulation and an application to discriminatory trade arrangements . Applied Economics 26 : 107 – 120 .
   Web of Science ®Google Scholar
• Peridy , N. 2005 . The trade effects of the Euro-mediterranean partnership: What are the lessons for ASEAN countries? Journal of Asian Economics 16 : 125 – 139 .
   Google Scholar
• Pöyhönen , P. 1963 . Tentative model for the volume of trade between countries . Weltwirtschaftlishes Archiv 90 : 91 – 113 .
   Google Scholar
• Robert , C. 2004 . Advanced international trade: Theory and evidence . Princeton , NJ : Princeton University Press .
   Google Scholar
• Rojid , S. 2006 . COMESA trade potential: A gravity approach . Applied Economics Letters 13 : 947 – 951 .
   Web of Science ®Google Scholar
• Soloaga , I. , and L. A. Winters . 1999 . Regionalism in the nineties: What effect on trade? Discussion Paper 2183, CEPR, London.
   Google Scholar
• Soloaga , I. , and L. A. Winters . 2001 . Regionalism in the nineties: What effect on trade? The North American Journal of Economics and Finance March 1 : 1 – 29 .
   Google Scholar
• Tang , D. 2005 . Effects of the regional trading arrangements on trade: Evidence from the NAFTA, ANZCER and ASEAN countries, 1989–2000 . Journal of International Trade and Economic Development 14 : 241 – 65 .
   Google Scholar
• Tinbergen , J. 1962 . Shaping the world economy . New York : Twentieth Century Fund .
   Google Scholar