The Distributional Consequences of Preferential Trade Liberalization: Firm-Level Evidence

  title={The Distributional Consequences of Preferential Trade Liberalization: Firm-Level Evidence},
  author={Leonardo Baccini and Pablo M. Pinto and Stephen Weymouth},
  journal={International Organization},
  pages={373 - 395}
Abstract While increasing trade and foreign direct investment, international trade agreements create winners and losers. Our paper examines the distributional consequences of preferential trade agreements (PTAs) at the firm level. We contend that PTAs expand trade among the largest and most productive multinationals by lowering preferential tariffs. We examine data covering the near universe of US foreign direct investment and disaggregated tariff data from PTAs signed by the United States. Our… 
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