and trade finance, particularly those receiving trade loans. Results show that a percent increase in trade finance loan is … associated with 0.067-0.083 percent increase in export earnings depending on the model. When we proxy trade finance by the sum of … trade finance loans and export-adjusted notes receivable, elasticity estimates range between 0.18-0.31 depending on the …

We build a model of tacit collusion between firms that operate in multiple markets to study the effects of trade costs … strategically linked via the incentive compatibility constraint. Importantly, trade costs affect cartel shipments and welfare not … only directly but also indirectly through discipline. Using extensive data on international cartels, we find that trade …

We propose a simple method to identify the effects of unilateral and non-discriminatory trade policies on bilateral … trade within a theoretically-consistent empirical gravity model. Specifically, we argue that structural gravity estimations … should be performed with data that include not only international trade flows but also intra-national trade flows. The use of …

equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 … countries over the period 1980-2016, we find that the average impact of GATT/WTO membership on trade among member counties is … for non-member countries. We show that countries not experiencing positive trade effects from joining GATT/WTO can still …

. Owing to this linkage, trade cost reductions induce cartel members to adjust their sales, not only due to direct effects …, but also due to spillover effects related to cartel discipline. We apply these ideas to preferential trade agreements … (PTAs) and show that the indirect effects can give rise to trade diversion. We also characterize the welfare effects of …

Using a new, global data base covering the years 1950 to 2015, we study the impact of sanctions on international trade … but also widely heterogeneous across sanctioning countries. Moreover, they depend on the direction of trade. We also …

Bilateral trade balances often play an important role in the international trade policy debate. Academic economists … understand that they are misleading indicators of competitiveness and of the gains from trade. However, they also recognize their … (2002) argue that the canonical gravity model of trade fails when confronted with bilateral trade balances data, dubbing …

We propose a simple and flexible econometric approach to quantify ex-ante the "deep" impact of trade liberalization and … measure of the change in bilateral trade costs in response to a hypothetical policy change. To demonstrate the effectiveness … of our methods, we focus on the integration between the countries from the Central European Free Trade Agreement (CEFTA …

Capitalizing on the latest developments in the gravity literature, we utilize two new datasets on sanctions and trade … to study the impact of economic sanctions on international trade in the mining sector, which includes oil and natural gas …. We demonstrate that the gravity equation is well suited to model bilateral trade in mining and find that sanctions have …

. Owing to this linkage, trade cost reductions induce cartel members to adjust their sales, not only due to direct effects …, but also due to spillover effects related to cartel discipline. We apply these ideas to preferential trade agreements … (PTAs) and show that the indirect effects can give rise to trade diversion. We also characterize the welfare effects of …