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, we show that national trade barriers do provide an explanation. In particular, technical barriers to trade, together with …
Persistent link: https://www.econbiz.de/10005792246
using one particular illustration, the gravity equation for trade, and apply the proposed technique to provide new estimates …
Persistent link: https://www.econbiz.de/10005136746
Both Russia and the EU are undertaking significant changes in foreign trade relations. Russia seeks WTO accession and … relationship can EU and Russia develop? The Paper analyses the asymmetric trade structure, the unstable and confused trade relation … trade policy vis-à-vis Russia is a disturbing flight to the future away from today’s concrete policy problems. The aim of a …
Persistent link: https://www.econbiz.de/10005667019
supply side at center stage, affording little or no role for demand or overseas trade. Recently, alternative explanations … have placed an emphasis on the importance of trade with New World colonies, and the expanded supply of raw cotton it … for 1760 and 1850. Neither claim is supported. Trade was vital for the progress of the industrial revolution; but it was …
Persistent link: https://www.econbiz.de/10005497925
Many previous studies of the role of trade during the British Industrial Revolution have found little or no role for … trade in explaining British living standards or growth rates. We construct a three-region model of the world in which … that while trade had only a small impact on British welfare in the 1760s, it had a very large impact in the 1850s. This …
Persistent link: https://www.econbiz.de/10011083876
During the last two decades new research has greatly advanced our understanding of the structure of world trade. This … foreign trade the discussion is in two parts. One part examines the links between factor endowments and trade flows. New … across countries. A second part examines determinants of the volume of trade, the share of intra-industry trade and evidence …
Persistent link: https://www.econbiz.de/10005661848
integrated with East Asia, but Europe is not. This paper explores the extent to which economic growth and trade policy … project the world economy to 2010 under various scenarios including Uruguay Round implementation, a transatlantic free trade … agreement, APEC liberalization, and a new WTO multilateral round. The bilateral trade consequences of economic growth and …
Persistent link: https://www.econbiz.de/10005123497
0.7, while import price changes that can be traced back to exchange rate movements of other trade partners only have … mild effects on US prices. Further analysis points to the importance of trade integration, variable markups, and demand …
Persistent link: https://www.econbiz.de/10011145441
model. We find that there is a trade-off between the two roads of European integration arrangements. Eastern enlargement … the Union. EU-Russia integration, on the other hand, has a different impact. To be beneficial for Russia, free trade …
Persistent link: https://www.econbiz.de/10005067550
This paper fits a gravity model to the trade of 76 market economies. It then applies the model to data on East European … mutual trade and trade with developing countries, but it will increase trade with industrial counties by factors of three to … thirty. West Germany and the USA are the principal beneficiaries of this new trade, increasing their exports and imports by …
Persistent link: https://www.econbiz.de/10005662085