Trade in business services has been attracting attention from academic researchers, policy makers, and business … in which both trade and foreign investment in services are initially banned to technically infeasible. We then compute … three counter-factual scenarios: one in which trade but not investment in services is feasible or allowed, one in which …

The paper analyses governments’ trade-off between fiscal benefits and consumer surplus in privatization reforms of …

to facilitate trade in markets characterized by asymmetric information. In the travel industry policy-makers have tried …

) bilateral trade openness reduces bilateral cultural distance; (ii) the more differentiated the products, the more trade reduces … cultural distance; (iii) trade openness has a lock-in effect on culture. Third, we test the model using an instrumental … bilateral trade openness translates into a 43% standard deviation decrease in bilateral cultural distance. …

inefficiency and stresses a need for institutional adjustments. We show that cooperation by water trade and the introduction of …