Resumen de The Pacific Alliance and the potential effects of a Trans-Pacific Economic Cooperation Agreement without the United States
This article analyzes the possible consequences of the entry into forceof the Trans-Pacific Partnership Agreement (TPP) without the United Statesfor the countries of the Pacific Alliance (PA). It develops a descriptive analysisof the evolution of trade between PA countries and TPP member countriesduring the period 1980-2015. Gravitational models are also estimated toempirically examine the determinants of trade flows in these countries. As aresult, the paper shows that TPP may favor trade flows in PA countries, andthat the withdrawal of the U.S. from TPP would not affect these trade flows.
