Corpus ID: 15052214

Network Analysis of Free Trade Agreements: Homophily and Transitivity

  title={Network Analysis of Free Trade Agreements: Homophily and Transitivity},
  author={Taedong Lee and Byoung-Inn Bai},
  journal={The Korean Journal of International Studies},
  • T. Lee, Byoung-Inn Bai
  • Published 31 December 2013
  • Economics
  • The Korean Journal of International Studies
Accompanying the unprecedented outburst of Free Trade Agreements (FTAs), scholarly interests in the new wave of regionalism have been flourishing. Yet, notwithstanding its contribution, extant literature has paid little attention to an important aspect of FTA formation: the choice of FTA partners and the underlying structure of the FTA network. While theoretical conjectures about likely FTA partners are abundant, systematic empirical analysis is scant. We attempt to fill this gap by utilizing… Expand
7 Citations

Figures and Tables from this paper

Do self-organization and relational embeddedness influence free trade agreements network formation? Evidence from an exponential random graph model
The rapid development of free trade agreements (FTAs) has made FTA networks an important aspect of the global economic ecosystem and governance system. This study analyzes the network properties andExpand
Why Engage with More Institutions? Changes in Economic Power Distribution and Levels of Economic Cooperation
What is the effect of changing economic power on the level of institutional cooperation? The existing literature provides contradictory theories. Some posit that power preponderance, such as theExpand
Evolution of structural properties and its determinants of global waste paper trade network based on temporal exponential random graph models
  • Helian Xu, Lianyue Feng, Gang Wu, Qi Zhang
  • Business
  • 2021
Abstract As an important recyclable and reusable resource, waste paper is traded in millions of dollars around the world every year. Global waste paper trade not only addresses resource scarcityExpand
Forum: Complex Systems and International Governance
This collection of essays brings together scholars from various disciplinary backgrounds, based on three continents, with different theoretical and methodological interests but all active on theExpand
Corrigendum to “Complex Systems and International Governance”
This collection of essays brings together scholars from various disciplinary backgrounds, based on three continents, with different theoretical and methodological interests but all active on theExpand


Birds of a Feather: Homophily in Social Networks
Similarity breeds connection. This principle—the homophily principle—structures network ties of every type, including marriage, friendship, work, advice, support, information transfer, exchange,Expand
A Hierarchy of Preferences
Bilateral trade agreements have proliferated rapidly within the last two decades, growing into a dense network of multiple ties between countries. The spread of preferential trade agreements (PTAs),Expand
A Longitudinal Analysis of Globalization and Regionalization in International Trade: A Social Network Approach
Although there have been heated debates over globalization and regionalization, refined empirical research has been lacking. Defining globalization and regionalization as specific types of linkagesExpand
Free Trade Networks
The paper examines the formation of free trade agreements (FTAs) as a network formation game. We consider a general n-country model in which countries trade differentiated industrial commodities asExpand
Trade Blocs, Trade Flows, and International Conflict
The relationship between foreign trade and political conflict has been a persistent source of controversy among scholars of international relations. Existing empirical studies of this topic haveExpand
Multilateral Determinants of Regionalism: The Effects of GATT/WTO on the Formation of Preferential Trading Arrangements
Abstract Preferential trading arrangements (PTAs) have spread widely over the past fifty years. During the same era, multilateral openness has grown to unprecedented heights, spurred by the GeneralExpand
Democratic Convergence and Free Trade
Even if a democracy were more likely to pursue free trade than an autocracy (an unproven generalization), the simultaneous spread of democracy in the world would not necessarily yield a reduction inExpand
Regional Trading Arrangements: Natural or Supernatural?
This paper summarizes recent research by the authors on the effects of free trade areas (FTAs). Within our model, which emphasizes inter-continental transport costs, several conclusions arise. (1)Expand
Can FTAs deliver market liberalization in Japan? A study on domestic political determinants
ABSTRACT The last decade has witnessed Japan's transformation from one of the last hard core multilateralists to an active negotiator of free trade agreements (FTAs). This striking policy shiftExpand
Asymmetric bargaining and development trade-offs in the CARIFORUM-European Union Economic Partnership Agreement
ABSTRACT On 15 October 2008, CARIFORUM became the first region among the African, Caribbean and Pacific (ACP) group of countries to sign a ‘full’ Economic Partnership Agreement (EPA) with theExpand