Trade creation and trade diversion in deep agreements
利用优惠贸易协定内容的新数据，研究深度协定对贸易的影响，发现深度协定比浅层协定带来更多贸易创造和更少贸易转移，且部分条款具有公共品性质，能增加与非成员国的贸易。
Abstract Preferential trade agreements have boomed in recent years and extended their reach well beyond tariff reduction, to cover policy areas such as investment, services, competition and intellectual property rights. This paper uses new information on the content of preferential trade agreements to examine the trade effects of deep agreements and revisit the classic Vinerian question of trade creation and trade diversion. Our results indicate that deep agreements lead to more trade creation and less trade diversion than shallow agreements. Furthermore, some provisions of deep agreements have a public good aspect and increase trade also with non‐members.