This paper examines the trade policy response of Latin American governments to the rapid growth of China and India in …

This paper reviews the most significant recent developments in the theory of trade agreements. The paper offers an … integrated approach to evaluating trade agreements, and uses the approach to present results on preferential and multilateral … trade agreements. The paper identifies also several questions for further research. …

The number of preferential trade agreements has greatly increased over the past two decades, yet most existing … bilateral arrangements take the form of free trade areas, and less than ten percent can be considered to be fully fledged … customs unions. This paper develops a political economy model of trade policy under imperfect competition to provide a …

systematic bias implies that the ability of HOV to explain North-South factor trade depends both on relative factor abundance and …

Quantitative results from a large class of international trade models depend critically on the elasticity of trade with … respect to trade frictions. We develop a simulated method of moments estimator to estimate this elasticity from disaggregate … price and trade-flow data using the Ricardian model. We motivate our estimator by proving that the estimator developed in …

Recent quantitative trade models treat import tariffs as pure cost shifters so that their effects are similar to … iceberg trade costs. We introduce revenue-generating import tariffs, which act as demand shifters, into the framework of … Arkolakis, Costinot and Rodriguez-Clare (2012), and generalize their gains from trade equation. Our formula permits easy …

We study the effect of international trade and freeness of trade (openness) on interregional inequality within … on weighted trade shares and trade costs. In addition to the standard trade-to-GDP ratio, we derive and propose an … aggregate freeness-of-trade measure based on phiness of trade. Both measures are instrumented by proxies constructed from …

(equivalent to trade taxes if no domestic production is possible). We review the literature, and argue that the policy equilibrium …Natural resources account for 20% of world trade, and dominate the exports of many countries. Policy is used to …. The instruments used include export taxes, price controls, production quotas, and domestic producer and consumer taxes …

into the global economy through trade and FDI inflows, China is seen as primarily manufacturing-lead growth with India as … different comparative mode. That their bilateral closeness is deepening is evident in a number of areas. On the trade front …, India-China bilateral trade has increased by a factor of 33 between 1995 and 2007, and this growth has occurred at an …

increased bilateral trade and foreign direct investment flows and also from enhanced cohesion of negotiating positions in … international fora. Data presented show bilateral trade between Brazil and China surging after 2001 and China is now Brazil … the two countries has also significantly increased in recent years. Projections of future trade flows using current growth …