The New Regionalism and Policy Interdependence

British Journal of Political Science, 2011

45 Pages Posted: 17 Jan 2011 Last revised: 13 Sep 2012

See all articles by Leonardo Baccini

Leonardo Baccini

McGill University

Andreas Dür

University of Salzburg - Department of Political Science and Sociology

Date Written: January 16, 2011

Abstract

Since 1990 the number of preferential trade agreements has increased rapidly. Our argument explains this phenomenon, known as the new regionalism, as a result of competition for market access. Exporters that face trade diversion because of their exclusion from a preferential trade agreement concluded by foreign countries push their governments into signing an agreement with the country in which their exports are threatened. We test our argument in a quantitative analysis of the proliferation of preferential trade agreements among 167 countries between 1990 and 2007. The finding that competition for market access is a major driving force of the new regionalism is a contribution to the literature on regionalism and to broader debates about global economic regulation.

Keywords: Preferential trade agreements, diffusion, spatial econometrics, regionalism, learning, policy interdependence

Suggested Citation

Baccini, Leonardo and Dür, Andreas, The New Regionalism and Policy Interdependence (January 16, 2011). British Journal of Political Science, 2011. Available at SSRN: https://ssrn.com/abstract=1741667

Leonardo Baccini

McGill University ( email )

1001 Sherbrooke St. W
Montreal, Quebec H3A 1G5
Canada

Andreas Dür (Contact Author)

University of Salzburg - Department of Political Science and Sociology ( email )

Akademiestraße 26
Salzburg, Salzburg 5020
Austria

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