Does a Regional Trade Agreement Lessen or Exacerbate Growth Volatility?

July 1, 2015

This paper assesses how RTAs impact growth volatility on a sample of 170 countries, between 1978-2012. The findings show that the benefits outweigh the costs as RTAs are consistently associated with lower growth volatility.

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Topics: ECONOMIC GROWTH DEVELOPED COUNTRIES LEAST DEVELOPED COUNTRIES (LDCS) PREFERENTIAL TRADE AGREEMENT (PTA)

Authors: KANGNI KPODAR PATRICK A. IMAN

Publishing Institution: INTERNATIONAL MONETARY FUND

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