@article{eprints23, year = {2011}, title = {The New Regionalism and Policy Interdependency}, pages = {1--23}, author = {Leonardo Baccini and Andreas Duer}, month = {June}, publisher = {Cambridge University Press}, journal = {British Journal of Political Science}, url = {http://eprints.imtlucca.it/23/}, abstract = {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.}, keywords = {Preferential trade agreements, diffusion, spatial econometrics, regionalism, learning, policy interdependence} }