Trade Creation and Diversion Revisited : Accounting for Model Uncertainty and Natural Trading Partner Effects /

Trade theories covering Preferential Trade Agreements (PTAs) are as diverse as the literature in search of their empirical support. To account for the model uncertainty that surrounds the validity of the competing PTA theories, we introduce Bayesian Model Averaging (BMA) to the PTA literature. BMA m...

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Bibliographic Details
Main Author: Papageorgiou, Chris
Other Authors: Eicher, Theo, Henn, Christian
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2008.
Series:IMF Working Papers; Working Paper ; No. 2008/066
Online Access:Full text available on IMF