This paper studies empirically the effects of financial crises on international trade. The major findings are that banking crises had a negative impact on imports but a positive impact on exports in the short term, whereas currency crises decreased imports in the short term and stimulated...

Why do estimates of the European Monetary Union (EMU) effect on trade vary so greatly? Rose (2017) shows that the largest factor determining the size of EMU trade estimates is the choice of sample, with studies using only European or rich countries finding smaller impacts than those using more...

This paper provides new insights regarding trends prior to temporary trade barrier (TTB) investigations and shows how they challenge the identification of trade effects. Using TTB cases initiated in the United States between 1993 and 2015, we compare static and dynamic treatment specifications...

We build an equilibrium model of a small open economy with labor market frictions and imperfectly enforced regulations. Heterogeneous firms sort into the formal or informal sector. We estimate the model using data from Brazil, and use counterfactual simulations to understand how trade affects...

Oil price shocks impact the global economy, but the effects are not alike across the countries. While higher oil prices are beneficial to oil-exporting countries, they are harmful to economic performance of oil-importing countries. The opposite is also true for the lower oil prices. Nonetheless,...

This paper investigates the trade effects of transportation infrastructure reforms funded by the Asian Development Bank (ADB) in the Central Asia Regional Economic Cooperation (CAREC) program. To do this, we applied a combination of geographic information systems (GIS), econometric, and...

We estimate the effects of technical barriers to trade (TBT) on machinery imports in international production networks. Using disaggregated detailed product data and the gravity model, we estimate the TBT notifications in two separate measures of TBT, namely cumulative TBT, and TBT dummy,...

This paper estimates the causal effect of international direct flights on cities’ international trade, using Chinese customs transaction-level trade data and flight route data from 2000 to 2015 and the staggered differences-in-differences approach. On average a Chinese city’s exports to a...