An empirical examination of bilateral trade in Western Europe

Resnick, Sandra G.; Truman, Edwin M.

doi:10.1016/0022-1996(73)90025-1

Cited by 29 publications

(10 citation statements)

References 10 publications

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“…As it moves towards deeper and wider integration, the EC should strive to reinforce its commitment toward the multilateral trade system in order to ensure cooperative solutions. 1958 1961 1963 1970 1973 1975 1976 1977 1980 1981 1986 1992 1993 Sources: Balassa (1975) for columns (1) (2) and (3), and Buigues et al (1990) Source: Resnick and Truman, (1975), Table 2.4.…”

Section: Resultsmentioning

confidence: 99%

Regional Integration in Europe

Sapir

1992

The Economic Journal

144

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Section: Resultsmentioning

confidence: 99%

Regional Integration in Europe

Sapir

1992

The Economic Journal

144

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“…The world market equilibrium can be established by equating the net import demand of all the importers and net export supply of all the exporters. Then, the estimated excess supply and excess demand elasticities can be used to evaluate trade and welfare effect of RTAs (Francois and Shiells, 1994; Rensik and Truman, 1973). Although conceptually this approach seems feasible, empirically it poses a daunting task.…”

Section: Empirical Issues Model Specification and Datamentioning

confidence: 99%

Regional trade agreements and trade in agri‐food products: evidence for the European Union from gravity modeling using disaggregated data

Sarker

Jayasinghe

2007

Agricultural Economics

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The proliferation of regional trade agreements in recent years has intensified the debate on the desirability of these agreements in themselves and their coexistence with multilateral free trade under the WTO. This study contributes to this debate by analyzing trade creation and trade diversion effects of the European Union on trade flows of six major agri-food products from 1985 to 2000. An extended gravity model is estimated employing pooled data and generalized least squares methods. The results show that the developments in the EU since the mid-1980s have served to boost agri-food trade significantly among the members. Some of the growth in intra-EU trade in agri-food products came at the expense of nonmembers as the EU reduced the degree of relative openness to trade with nonmembers during this period and diverted trade from the rest of the world into the intra-EU channels.JEL classification: C13, F49, Q17

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“…Because the method has been used infrequently in the literature to estimate trade creation and trade diversion, it is difficult to assess its merits. Nevertheless, the strong net trade creation figures obtained from the ex-ante Resnick and Truman (1975) model for the creation of a broad 320 MICHAEL G . PLUMMER European free trade area are supported by the ex-post results of McConnell (1981).6…”

Section: Efficiency Effects Of the Accession Of Spain /Portugal To Ecmentioning

confidence: 99%

Efficiency Effects of the Accession of Spain and Portugal to the EC

Plummer

1991

J of Common Market Studies

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An empirical examination of bilateral trade in Western Europe

Cited by 29 publications

References 10 publications

Regional Integration in Europe

Regional Integration in Europe

Regional trade agreements and trade in agri‐food products: evidence for the European Union from gravity modeling using disaggregated data

Efficiency Effects of the Accession of Spain and Portugal to the EC

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