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Cited by 598

The DOI matches its Crossref record; 44 of the 44 references it cites were found in a registry or an index.

Preferential Trade Liberalization: The Traditional Theory and New Developments

Panagariya, Arvind·2000·Journal of Economic Literature

Abstract

This paper begins by systematically developing the “static” theory of preferential trade areas (PTAs) and showing that neither a large volume of initial intra-union trade nor geographical proximity can serve as a guide to welfare enhancing PTAs. The paper then discusses the modern literature addressing welfare effects of simultaneous division of the world into many PTAs, the impact of the decision to form a PTA on external tariffs and the “dynamic” time-path question of whether PTAs are building blocks or stumbling blocks towards multilateral freeing of trade. A final section discusses key theoretical considerations in the empirical evaluation of PTAs.

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Metadata

Authors
Panagariya, A.
Venue
Journal of Economic Literature
Published
2000-06-01
Volume
38
Issue
2
Pages
287-331
ISSN
0022-0515 (ISSN-L)
OpenAlex
W2035879880
Cited by
598
References
44
FWCI
70.98
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Preferential Trade Liberalization: The Traditional Theory and New Developments. https://app.cochat.ai/papers/10.1257/jel.38.2.287
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Panagariya, A. (2000). Preferential Trade Liberalization: The Traditional Theory and New Developments. Journal of Economic Literature. https://doi.org/10.1257/jel.38.2.287

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.