This study analyses the process of economic integration in Latin America. Making use of a structural gravity model and including intra-national trade flows, this paper provides an ex-post assessment of the effect of the trade agreements (TAs) signed by Latin American countries on international trade. We account for the last wave of TAs proliferation and estimate treaty-level effects. On average, TAs had a positive effect on Latin American trade. This holds true for both intra-Latin American agreements and agreements between Latin American countries and the Rest-of-the-World (RoW). However, we unveil that these average estimates cover a substantial degree of heterogeneity across TAs. Additionally, we quantify ex-ante general equilibrium effects on the trade volumes and welfare of Latin American countries under different scenarios of deeper trade integration and disintegration.

中文翻译：

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贸易协定和拉丁美洲贸易（创造和转移）和福利

本研究分析了拉丁美洲的经济一体化进程。本文利用结构引力模型并包括国内贸易流量，对拉丁美洲国家签署的贸易协定 (TA) 对国际贸易的影响进行了事后评估。我们考虑了最后一波 TA 的扩散并估计了条约层面的影响。平均而言，技术援助对拉丁美洲贸易产生了积极影响。这适用于拉丁美洲内部协议以及拉丁美洲国家与世界其他地区 (RoW) 之间的协议。然而，我们发现这些平均估计涵盖了 TA 之间很大程度的异质性。此外，