The proposed Transatlantic Trade and Investment Partnership (TTIP) is the most significant trade policy initiative … since the Uruguay Round (1986 to 1994). It would create a free trade zone covering 45% of world GDP. However, critics … estimated general equilibrium trade model. Assuming that the TTIP will reduce transatlantic trade costs by as much as existing …

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. …

In a seminal paper, Rose (2004) found that the assumed positive impact of the WTO on international trade was … and separating the WTO from other forms of trade agreements. A key characteristic of this literature is the rather … simplistic way in which trade agreements are treated whereby all trade agreements are lumped together. Trade agreements come …

This paper examines the rationale for the rules on domestic subsidies in international trade agreements through a … curtailed by a trade agreement that binds tariffs only. We refer to this as the policy substitution problem. When factors of … credibly commit vis-à-vis the domestic lobby unless the trade agreement also regulates production subsidies, thus addressing …

international trade, self-enforcing - or stable - IEAs may comprise up to 60% of all countries (Eichner and Pethig 2013). But these … coalitions are Stackelberg leaders and set tariffs in addition to their cap-and-trade schemes. Surprisingly, these smaller IEAs …

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 …

We develop a heterogeneous-firms model with trade in goods, labor mobility and credit constraints due to moral hazard … trade liberalization. While the former leads to more dispersion of economic activity across space, the latter tends to drive …

on the volume of intermediate goods trade and the number of varieties produced are mutually reinforcing, resulting in a …

regional inequality. Geography, mobility and trade openness are also highly important. …