Quantifying the welfare effects of trade liberalization is a core issue in international trade. Existing frameworks … quantitative trade framework which explicitly models labor market frictions. To illustrate, we assess the effects of trade and … labor market reforms for 28 OECD countries. Welfare effects of trade agreements are magnified when accounting for employment …

If a free trade agreement (FTA) is characterized by the exchange of market access with a large and competitive trading …. We argue that the Canadian-US free trade agreement (CUSFTA) provides an ideal policy experiment to link this mechanism to …

trade that historically have been addressed largely separately: the (partial) effects on trade of economic integration … of economic integration agreements (EIAs) on members’ trade may be biased upward owing to inadequate control for … intranational trade); we find evidence of this bias using a properly specified gravity equation. Second, our novel methodology …

Opposing theoretical predictions on the effects of trade preferences on multilateral tariff cuts point to the need for … empirical analysis to determine whether preferential trade agreements promote or hinder multilateral trade liberalization. This … paper examines the impact of Japan’s trade preferences on its multi-lateral tariff reductions. Using detailed product level …

To understand the effects of trade policy uncertainty on firm-level export decisions, we study firm-product data on …

exports to the United States. This trade reducing effect is driven by developing countries and by refusals without any product … does not prove) the existence of counter-cyclical, hidden protectionism due to non-tariff barriers to trade in the United …

Since July 2013, the EU and the US have been negotiating a preferential trade agreement (PTA), the Transatlantic Trade … and Investment Partnership (TTIP). We use a multi-country, multi-industry Ricardian trade model with national and … international input-output linkages to quantify its potential economic consequences. We structurally estimate the sectoral trade …

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

, strong intraregional trade, and the prospect of accession to the EU. It concludes that the EU’s Member States must give …

In this paper we construct a Ricardian model of trade in vertically-differentiated products between a developing …