Abstract
This study sought to approximate trade potentials of the TPP Agreement with a special consideration at the level of complementarity. To accomplish the objective, we utilized an augmented gravity model on agriculture and manufacturing sectors, spanning the period 2000-2010. Our results suggested that for manufacturing sector, level of unexhausted inter-regional trade potentials were higher than intra-regional ones. In addition, this paper disclosed that level of complementarity in trading products have implemented its maximum impacts on trade flows within each continental region. Nevertheless, for inter-continental relationships, there is an uncaptured potential to strengthen bonds by taking degree of complementarity into account.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
