Korumacılığın ve Serbest Ticaret Anlaşmalarının Küresel Ticarete Etkisinin Panel Çekim Modeli ile Test Edilmesi
Year 2023,
Volume: 7 Issue: 12, 14 - 28, 24.08.2023
Ethem Arslan
,
Kerem Alkin
Abstract
Korumacılık ve serbest ticaret politikalarının Dünya ticaretinin boyutu ve kapsamı üzerinde önemli etkileri vardır. Ülkelerin kendi ekonomilerini ve kırılgan sektörlerini korumak için dış ticareti kısıtlamak adına aldıkları önlemler ile bunun tam karşısında ticaret engellerini kaldırarak, diğer ülkelerle aralarındaki ticareti kolaylaştırmayı amaçlayan politikalar uygulamalarının küresel ticaret hacmini ve ülkelerin milli gelir düzeylerini nasıl etkilediği konusu önemli bir tartışma alanıdır. Bu çalışmada bu tartışmalı alandaki konular kavramsal olarak ele alınmış ve konu kapsamlı bir literatür incelemesi ile desteklenmiştir. Çalışmanın uygulama bölümünde ise ABD örneği üzerinden panel çekim modeli test edilmiştir. 2000-2019 dönemi için ABD’nin ticaret hacmi olarak en çok dış ticaret yaptığı ve/veya serbest ticaret anlaşması akdettiği 43 ülke üzerinden panel çekim modeli kurulmuştur. Rastsal etkiler modeli yaklaşımının uygulandığı panel regresyon analizleri EGLS (yatay kesit ağırlıklı) yöntemiyle Eviews 12 ekonometri programı üzerinden gerçekleştirilmiş olup, söz konusu dönem için panel çekim modeli doğrulanmıştır.
References
- Abboushi, S. (2010), Trade protectionism: reasons and outcomes, Competitiveness Review, Vol. 20 No. 5, pp. 384-394. https://doi.org/10.1108/10595421011080760
- Anderson, James E. & Yotov, Yoto V., 2016. "Terms of trade and global efficiency effects of free trade agreements, 1990–2002," Journal of International Economics, Elsevier, vol. 99(C), pages 279-298.
- Baier, S. L. and Bergstrand, J. H. (2007), “Do free trade agreements actually increase members” international trade?”,Journal of International Economics 71(1): 72-95.
- Baier, S. L., Y. V. Yotov, and T. Zylkin. 2019. “On the Widely Differing Effects of Free Trade Agreements: Lessons from Twenty Years of Trade Integration.” Journal of International Economics 116 (C): 206–226. doi:10.1016/j. jinteco.2018.11.002
- Baier, Scott L. & Bergstrand, Jeffrey H., 2001. "The growth of world trade: tariffs, transport costs, and income similarity," Journal of International Economics, Elsevier, vol. 53(1), pages 1-27, February.
- Bouet, A., ve D. Laborde, 2010, Assessing the Potential Cost of a Failed Doha Round, World Trade Review 9 (2): 319–351.
- Cheng, I. ve Wall, H. (2005), Controlling for heterogeneity in gravity models of trade and integration. Federal Reserve Bank of St. Louis Review, 87(1), 49– 63.
- Cuong, H. C. & Trang, T.T.N. and Nga, D.T. (2015). Do Free Trade Agreements (Ftas) Really Increase Vietnam’s Foreign Trade And Inward Foreign Direct Investment (FDI)? British Journal Of Economics, Management & Trade, 7(2), 110-127.
- Egger, P.H., Larch, M. & Yotov, Y.V. (2022), Gravity Estimations with Interval Data: Revisiting the Impact of Free Trade Agreements, Economica, 89: 44-61. https://doi.org/10.1111/ecca.12394
- Egger, Peter, Mario Larch, Kevin E. Staub, and Rainer Winkelmann. 2011. "The Trade Effects of Endogenous Preferential Trade Agreements." American Economic Journal: Economic Policy, 3 (3): 113-43.DOI: 10.1257/pol.3.3.113
- Evenett, S., ve J. Fritz. 2015, Throwing Sand in the Wheels: How Trade Distortions Slowed LDC Export-Led Growth, London: Centre for Economic Policy Research.
- Guimbard, H., Jean, S., Mimouni, M. & Pichot, X. (2012) MacMap-HS6 2007, an exhaustive and consistent measure of applied protection in 2007, International Economics, Q2, 2012, p. 99-122.
- Karemera, D., Ojah, K., (1998), An industrial analysis of trade creation and diversion effects of NAFTA, Journal of Economic Integration 13, 400–425.
- Kutlina-Dimitrova, Zornitsa ve Lakatos, Csilla, 2017, The Global Costs of Protectionism, World Bank Policy Research Working Paper No. 8277, Available at SSRN: https://ssrn.com/abstract=3088320
- Lorenzo Caliendo ve Fernando Parro 2015, Estimates of the Trade and Welfare Effects of NAFTA, The Review of Economic Studies, Volume 82, Issue 1, Pages 1–44, https://doi.org/10.1093/restud/rdu035
- Magee, Christopher S.P., (2008), New measures of trade creation and trade diversion, Journal of International Economics, Elsevier, vol. 75(2), pages 349-362, July.
- Marvel, Howard P ve Ray, Edward J, 1983, The Kennedy Round: Evidence on the Regulation of International Trade in the United States, American Economic Review, 73, issue 1, p. 190-97.
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- Olivero, M. ve Yotov, Y. (2012), Dynamic gravity: endogenous country size and asset accumulation, Canadian Journal of Economics, 45(1), 64– 92.
- The Centre For Internatıonal Economıcs (CIE), 2017. Australian Trade Liberalisation: Analysis of the Economic Impacts, report prepared for the Department of Foreign Affairs and Trade, Ekim 2017.
Testing the Impact of Protection and Free Trade Agreements on Global Trade with Panel Data Analysis
Year 2023,
Volume: 7 Issue: 12, 14 - 28, 24.08.2023
Ethem Arslan
,
Kerem Alkin
Abstract
Protectionism and free trade policies have significant impacts on the size and scope of world trade. The debate on how policies that restrict international trade to protect domestic economies and vulnerable sectors versus policies that aim to facilitate trade with other countries by removing trade barriers affect global trade volume and national income levels is an important topic. This study provides a conceptual analysis of these controversial issues and is supported by a comprehensive literature review. In the application section of the study, a panel data model is tested using the example of the United States. A panel data model is established using the 43 countries with which the US has the most foreign trade and/or has signed a free trade agreement for the period 2000-2019. Panel regression analyses using the random effects model approach were carried out using the EGLS (pooled cross-section and time-series weighted) method in the Eviews 12 econometric program, and the panel data model was verified for the specified period.
References
- Abboushi, S. (2010), Trade protectionism: reasons and outcomes, Competitiveness Review, Vol. 20 No. 5, pp. 384-394. https://doi.org/10.1108/10595421011080760
- Anderson, James E. & Yotov, Yoto V., 2016. "Terms of trade and global efficiency effects of free trade agreements, 1990–2002," Journal of International Economics, Elsevier, vol. 99(C), pages 279-298.
- Baier, S. L. and Bergstrand, J. H. (2007), “Do free trade agreements actually increase members” international trade?”,Journal of International Economics 71(1): 72-95.
- Baier, S. L., Y. V. Yotov, and T. Zylkin. 2019. “On the Widely Differing Effects of Free Trade Agreements: Lessons from Twenty Years of Trade Integration.” Journal of International Economics 116 (C): 206–226. doi:10.1016/j. jinteco.2018.11.002
- Baier, Scott L. & Bergstrand, Jeffrey H., 2001. "The growth of world trade: tariffs, transport costs, and income similarity," Journal of International Economics, Elsevier, vol. 53(1), pages 1-27, February.
- Bouet, A., ve D. Laborde, 2010, Assessing the Potential Cost of a Failed Doha Round, World Trade Review 9 (2): 319–351.
- Cheng, I. ve Wall, H. (2005), Controlling for heterogeneity in gravity models of trade and integration. Federal Reserve Bank of St. Louis Review, 87(1), 49– 63.
- Cuong, H. C. & Trang, T.T.N. and Nga, D.T. (2015). Do Free Trade Agreements (Ftas) Really Increase Vietnam’s Foreign Trade And Inward Foreign Direct Investment (FDI)? British Journal Of Economics, Management & Trade, 7(2), 110-127.
- Egger, P.H., Larch, M. & Yotov, Y.V. (2022), Gravity Estimations with Interval Data: Revisiting the Impact of Free Trade Agreements, Economica, 89: 44-61. https://doi.org/10.1111/ecca.12394
- Egger, Peter, Mario Larch, Kevin E. Staub, and Rainer Winkelmann. 2011. "The Trade Effects of Endogenous Preferential Trade Agreements." American Economic Journal: Economic Policy, 3 (3): 113-43.DOI: 10.1257/pol.3.3.113
- Evenett, S., ve J. Fritz. 2015, Throwing Sand in the Wheels: How Trade Distortions Slowed LDC Export-Led Growth, London: Centre for Economic Policy Research.
- Guimbard, H., Jean, S., Mimouni, M. & Pichot, X. (2012) MacMap-HS6 2007, an exhaustive and consistent measure of applied protection in 2007, International Economics, Q2, 2012, p. 99-122.
- Karemera, D., Ojah, K., (1998), An industrial analysis of trade creation and diversion effects of NAFTA, Journal of Economic Integration 13, 400–425.
- Kutlina-Dimitrova, Zornitsa ve Lakatos, Csilla, 2017, The Global Costs of Protectionism, World Bank Policy Research Working Paper No. 8277, Available at SSRN: https://ssrn.com/abstract=3088320
- Lorenzo Caliendo ve Fernando Parro 2015, Estimates of the Trade and Welfare Effects of NAFTA, The Review of Economic Studies, Volume 82, Issue 1, Pages 1–44, https://doi.org/10.1093/restud/rdu035
- Magee, Christopher S.P., (2008), New measures of trade creation and trade diversion, Journal of International Economics, Elsevier, vol. 75(2), pages 349-362, July.
- Marvel, Howard P ve Ray, Edward J, 1983, The Kennedy Round: Evidence on the Regulation of International Trade in the United States, American Economic Review, 73, issue 1, p. 190-97.
- Masood, A. (2021), Anatomy of the trade-effect of regional trade agreements and agenda for future research, Munich Personal RePEc Archive Working Paper; available online at https://mpra.ub.uni-muenchen.de/108284 (accessed 1 October 2021).
- Olivero, M. ve Yotov, Y. (2012), Dynamic gravity: endogenous country size and asset accumulation, Canadian Journal of Economics, 45(1), 64– 92.
- The Centre For Internatıonal Economıcs (CIE), 2017. Australian Trade Liberalisation: Analysis of the Economic Impacts, report prepared for the Department of Foreign Affairs and Trade, Ekim 2017.