Hub-and-Spokes Free Trade Agreement in the Presence of Technology Spillovers: An Application to the Western Hemisphere
- Title
- Hub-and-Spokes Free Trade Agreement in the Presence of Technology Spillovers: An Application to the Western Hemisphere
- Author
- Das, Gouranga G.
- Keywords
- Hub and spokes; Free Trade Areas; technology transfer; absorption; governance; adjacency; welfare; preference dilution
- Issue Date
- 2006-05
- Publisher
- J C B MOHR
- Citation
- REVIEW OF WORLD ECONOMICS, v. 142, No. 1, Page. 33–66
- Abstract
- Using a comparative-static general equilibrium model in the context of the Western Hemisphere, this paper compares the economic effects of a “hub-and-spokes” type of bilateral trade configuration (with Chile being the hub) with those of a more comprehensive regional FTA (namely, the FTAA). The model is augmented to account for the possibility of technology spillovers and its effective assimilation among participating economies. In particular, absorptive capacity, governance factor, proximity and socio-institutional congruence conjointly determine an economy’s capacity to capture the technology that is transmitted from the developed spoke United States to other regions.
- URI
- https://link.springer.com/article/10.1007/s10290-006-0056-xhttps://repository.hanyang.ac.kr/handle/20.500.11754/107978
- ISSN
- 1610-2878; 1610-2886
- DOI
- 10.1007/s10290-006-0056-x
- Appears in Collections:
- COLLEGE OF BUSINESS AND ECONOMICS[E](경상대학) > ECONOMICS(경제학부) > Articles
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