The Asymmetric Effects of Deep Preferential Trade Agreements on Bilateral GVC Participation Levels

Zhaobin Fan; Sajid Anwar; Ying Zhou

doi:10.1080/1540496X.2023.2190844

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The Asymmetric Effects of Deep Preferential Trade Agreements on Bilateral GVC Participation Levels

Journal article

Open access

Peer reviewed

The Asymmetric Effects of Deep Preferential Trade Agreements on Bilateral GVC Participation Levels

Zhaobin Fan, Sajid Anwar and Ying Zhou

Emerging Markets Finance & Trade, Vol.59(8), pp.2694-2709

2023

DOI: https://doi.org/10.1080/1540496X.2023.2190844

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Abstract

asymmetric effects

global value chain (GVC) participation

panel data analysis

Preferential trade agreements (PTAs)

Although deepening of preferential trade agreements (PTAs) can promote the global value chain (GVC) participation of member countries, we argue that this effect is asymmetric for countries, which are at different levels of economic development. Specifically, deepening of PTAs has a stronger positive impact on GVC participation level of developing member countries than that of developed member countries. Furthermore, compared to the commodity provisions of PTAs, deepening of the factor provisions is more likely to generate a significant asymmetric effect. Empirical analysis using panel data, which covers 43 countries (including some emerging economies) over the 2000-2014 period, supports our predictions. Our findings are also confirmed by a series of robustness tests including the consideration for potential endogeneity issue.

Details

Title: The Asymmetric Effects of Deep Preferential Trade Agreements on Bilateral GVC Participation Levels
Authors: Zhaobin Fan (Author) - Jinan University
Sajid Anwar (Corresponding Author) - University of the Sunshine Coast, Queensland, School of Business and Creative Industries
Ying Zhou (Author) - Jinan University
Publication details: Emerging Markets Finance & Trade, Vol.59(8), pp.2694-2709
Publisher: Routledge
Date published: 2023
DOI: 10.1080/1540496X.2023.2190844
ISSN: 1558-0938; 1540-496X
Copyright note: © 2023 The Author(s). Published with license by Taylor & Francis Group, LLC. This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way. The terms on which this article has been published allow the posting of the Accepted Manuscript in a repository by the author(s) or with their consent.
Organisation Unit: School of Business and Creative Industries; Indigenous and Transcultural Research Centre; University of the Sunshine Coast, Queensland
Language: English
Record Identifier: 99718698402621
Output Type: Journal article

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