When, about twenty years ago, the Euro was created, one objective was to facilitate intra-European trade by reducing … transaction costs. Has the Euro delivered? Using sectoral trade data from 1995 to 2014 and applying structural gravity modeling … trade effect for goods of almost 8 percent, but a much smaller effect for services trade. Digging deeper, we detect …

computable general equilibrium trade model calibrated with the latest version of the GTAP database to simulate the effect of … doubling non-tariff barriers - both unilateral and reciprocal - between the two blocks on trade and welfare. Imposing trade … to cooperate rather than turning away from each other. By imposing a trade war on Russia, the political West could …

While international trade can offer gains from specialization and access to a wider range of products, it is also … structured overview of the economic literature on the interaction between environmental outcomes, trade, environmental policy and … trade policy. In this endeavor, it covers approaches reaching from descriptive data analysis based on Input-Output tables …

The world runs a trade surplus with itself: Exporters report larger values of exports than what importers report as … of the global surplus is a trade surplus that the EU has with itself. In this paper, we show that this self-surplus of …