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dc.contributor.authorHadjiyiannis, Costasen
dc.contributor.authorHeracleous, Maria S.en
dc.contributor.authorTabakis, Chrysostomosen
dc.creatorHadjiyiannis, Costasen
dc.creatorHeracleous, Maria S.en
dc.creatorTabakis, Chrysostomosen
dc.date.accessioned2019-05-03T05:22:11Z
dc.date.available2019-05-03T05:22:11Z
dc.date.issued2016
dc.identifier.urihttp://gnosis.library.ucy.ac.cy/handle/7/47373
dc.description.abstractWe investigate the implications of preferential trade agreements (PTAs) for interstate conflict. We set up a two-stage game with three competing importers, where first, two of the countries decide on whether to initiate war against each other, and subsequently, all three countries select their import tariffs. We show that PTAs produce both a “peace-creation” effect and a “peace-diversion” effect, whereby they reduce the likelihood of conflict between member countries (peace creation), but render the eruption of war between member and non-member countries more likely (peace diversion). This paper is the first to identify and explicitly model the peace-diversion effect of PTAs, and is also the only one in this literature to endogenize countries' terms of trade. We use data from the Correlates of War project to empirically test these predictions, and after controlling for endogeneity, we find robust evidence of both peace creation and peace diversion in relation to PTA establishment. © 2016 Elsevier B.V.en
dc.language.isoengen
dc.sourceJournal of International Economicsen
dc.subjecttrade agreementen
dc.subjectMilitary conflicten
dc.subjectpeace processen
dc.subjectpeacekeepingen
dc.subjectpolitical conflicten
dc.subjectPreferential trade agreementsen
dc.subjectRegionalismen
dc.subjectWaren
dc.titleRegionalism and conflict: Peace creation and peace diversionen
dc.typeinfo:eu-repo/semantics/article
dc.identifier.doi10.1016/j.jinteco.2016.07.001
dc.description.volume102
dc.description.startingpage141
dc.description.endingpage159
dc.author.facultyΣχολή Οικονομικών Επιστημών και Διοίκησης / Faculty of Economics and Management
dc.author.departmentΤμήμα Οικονομικών / Department of Economics
dc.type.uhtypeArticleen
dc.contributor.orcidHadjiyiannis, Costas [0000-0002-6660-7871]
dc.description.totalnumpages141-159


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