viability of Free Trade Agreements (FTAs). Two interesting outcomes are derived. First, a welfare reducing FTA that was rejected …Incorporating intermediate inputs into a small-union general-equilibrium model, this paper first develops the welfare … in the absence of the ROO becomes feasible in the presence of these rules. Second, a welfare improving FTA that was …

This paper provides an overview of trade reform in the West African Economic and Monetary Union (WAEMU) since 1996 and … a quantitative assessment of potential effects on trade patterns and tariff revenue of the current reform agenda …. Despite evidence of significant trade complementarities within WAEMU, implementation of the union's current trade regime still …

This paper analyzes export performance in the Middle East and North Africa (MENA) using a gravity model applied to …

's trade. The paper does not draw any conclusions on the potential welfare impact of the customs union. Finally, factors other …The paper analyses the potential trade impact of the forthcoming East African Community (EAC) customs union. It … examines the trade linkages among the member countries of the EAC and the extent to which the introduction of the EAC common …

The effect of exchange rate volatility on trade flows was examined by a 1984 IMF study on G-7 countries. Over the past … exchange hedging instruments, may have reduced the impact of volatility on trade flows. Using recent advances in the economic … theories on trade and in statistical methodologies, this paper revisits this important issue by taking into account these new …

This paper examines the relationship between fixed exchange rate arrangements and trade using a gravity model of … international trade together with bilateral trade data from 24 countries from the Caribbean and Latin America for the period 1960 …-2001. The analysis indicates that a credible fixed peg has a positive impact on the value of bilateral trade. Moreover, the …

This paper estimates a gravity model to address the issue of whether intra-Arab trade is too little. Although gravity … models have been extensively used to measure bilateral trade among countries, they have—to the best of our knowledge …—never been used to measure intra-Arab trade. Our results suggest that intra-Arab trade and Arab trade with the rest of the world …

Preferential trade agreements (PTAs) in the Asia-Pacific region have proliferated rapidly over the past five years and … are creating a complex web of intersecting bilateral and regional trade agreements. This paper describes the proliferation …

This paper provides a comprehensive assessment of the impact of NAFTA on growth and business cycles in Mexico. The … effect of the agreement in spurring a dramatic increase in trade and financial flows between Mexico and its NAFTA partners …, and its impact on Mexican economic growth and business cycle dynamics, are documented with reference both to stylized …