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Free Trade Agreements and International Trade Flow of Pakistan: the Gravity Modelling Approach

Journal Global Policy and Governance

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Field Value
 
Title Free Trade Agreements and International Trade Flow of Pakistan: the Gravity Modelling Approach
 
Creator Abbas, Shujaat
 
Subject —
free trade agreements; export flow; imports flow; economic integration; gravity model; panel data
C23; F12; F14; F15
 
Description This study explores the effect of regional and bilateral free trade agreements on international trade flow of Pakistan with respects to 47 global trading partners from 1980 to 2016 using log-linear panel generalized ordinary least technique on augmented gravity equations. The result of the standard gravity equation is consistent with the theory of the model. The findings of the augmented gravity models revealed that the SAFTA have a significant negative effect in both export flow and import flow indicating lower trade creation among regional countries. The findings of bilateral free trade agreements with China, Malaysia, and Indonesia revealed a significant positive effect on import flow; whereas, insignificant and/or negative effect is observed in exports flow. The FTA with Sri Lanka and the USA revealed the negative effect on import flow with a positive effect on bilateral export flow. Pakistan should revisit these free trade agreements and renegotiate for corresponding market access.
 
Publisher Journal Global Policy and Governance
 
Contributor —
 
Date 2019-02-12
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://transitionacademiapress.org/jgpg/article/view/248
10.14666/2194-7759-7-2-005
 
Source Journal Global Policy and Governance; Vol 7, No 2 (2018); 71-84
2194-7759
2194-7740
 
Language eng
 
Relation http://transitionacademiapress.org/jgpg/article/view/248/157
 
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