ARTÍCULO
TITULO

The Pacific Alliance and the potential effects of a Trans-Pacific Economic Cooperation Agreement without the United States

Leonardo Raffo López    
Edwin Arbey Hernández García    
Víctor Alexander Díaz España    

Resumen

This article analyzes the possible consequences of the entry into force of the Trans-Pacific Partnership Agreement (TPP) without the United States for the countries of the Pacific Alliance (PA). It develops a descriptive analysis of the evolution of trade between PA countries and TPP member countries during the period 1980-2015. Gravitational models are also estimated to empirically examine the determinants of trade flows in these countries. As a result, the paper shows that TPP may favor trade flows in PA countries, and that the withdrawal of the U.S. from TPP would not affect these trade flows.

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