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The New Regionalism and Policy Interdependency

Baccini, Leonardo and Duer, Andreas The New Regionalism and Policy Interdependency. British Journal of Political Science. pp. 1-23. ISSN 0007-1234 (2011)

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Since 1990, the number of preferential trade agreements has increased rapidly. The argument in this article explains this phenomenon, known as the new regionalism, as a result of competition for market access; exporters facing trade diversion because of their exclusion from a preferential trade agreement concluded by foreign countries push their governments into signing an agreement with the country in which their exports are threatened. The argument is tested in a quantitative analysis of the proliferation of preferential trade agreements among 167 countries between 1990 and 2007. The finding that competition for market access is a major driving force of the new regionalism is a contribution to the literature on regionalism and to broader debates about global economic regulation.

Item Type: Article
Identification Number: 10.1017/S0007123411000238
Uncontrolled Keywords: Preferential trade agreements, diffusion, spatial econometrics, regionalism, learning, policy interdependence
Subjects: J Political Science > JA Political science (General)
Research Area: Economics and Institutional Change
Depositing User: Users 16 not found.
Date Deposited: 15 Feb 2011 14:25
Last Modified: 11 Jul 2011 13:50
URI: http://eprints.imtlucca.it/id/eprint/23

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