Executive Summary



Contributor



I. Introduction



II. Content of Preferential Trade Agreements



III. Empirical Model and Data



IV. Estimation Results

1. Impacts of Deep Regional Integration on Global Value Chains

2. Tests of GVC Organization along the Regional Clusters

3. Possible Impacts of Mega FTAs on Global Value Chains

4. Robustness Checks



V. Summary and Conclusion



Appendix



References