China's sectoral trade composition, product quality mix, and import content of processing exports have all changed … substantially during the past decade. This has rendered trade elasticities estimated using aggregate data highly unstable, with more …

these spillovers into trade, commodity price, and financial market channels. For Canada, a one percent shock to U.S. real … important than trade in recent decades. Thus, a large proportion of the reduction in Canadian output volatility since the 1980s ….S. shock-"when the U.S. sneezes, Mexico catches a cold". These spillovers are transmitted through both trade and financial …

Hicksian measure). The distinction between the two measures is important to the extent that trade patterns are inconsistent …

This paper examines the persistence of shocks to the terms of trade, using annual data on 42 Sub-Saharan African … countries between 1960-96. We find that the persistence of terms of trade shocks varies widely—for about half the countries such …-lived terms of trade shocks are typically those that have large shares of petroleum imports in total imports, small shares of …

In this paper we estimate gravity models to see whether trade volumes of countries in the MENA region are significantly … show that the variables used in standard gravity models cannot explain a significant part of MENA's trade performance … inefficiencies in customs clearance processes, are important in explaining the MENA region's underperformance in trade. …

trade reorientation toward WTO members after a putative accession. Our results also prompt some ideas that may resolve the … recent empirical controversy over the WTO's overall role in promoting trade. …

both samples that the effect of currency unions on trade is large, almost a doubling; currency unions are associated with … trade creation, increase price co-movements among members, and make trade more stable; and longer duration of currency union …