The consequences on international trade of colonial rule have received an increasing attention. This paper investigates the effect of independence on trade with a focus on former French colonies. Thanks to an original dataset including data on pre-independence bilateral trade for former French...

Compared to most countries, China’s value-added tax (VAT) system is not neutral and makes it less advantageous to export a product than to sell it domestically, as export - ers may not receive a complete refund on the domestic VAT they have paid on their inputs. However, the large and frequent...

We explore recent analytical developments in trade applied general equilibrium models and present a state of the art. Two extensions have been recently introduced : imperfect competition in order to show the impact of trade liberalization on welfare through a reduced monopoly power and economies...

Vertical intra-industry trade (VIIT), i.e. trade in products that are differentiated by their quality, accounts for a very large share of total trade between similar countries. So far, the theoretical literature has identified one main determinant of this kind of trade, namely the difference in...

In the early 1980’s, Bernard Lassudrie-Duchêne was one of the first authors to analyse theorically and empirically the international production process decomposition (or fragmentation). This phenomenon, which explains a large part of the intermediate goods international trade, has become one...

We analyze the integration of Brazilian states into domestic and foreign markets from the point of view of their supply conditions. The study period takes in the country’s fast liberalization process with its two sub-periods (1991 and 1997-99). We estimate the states’ domestic and foreign...

Is the impact of financial development on international trade heterogeneous – being positive, negative or null – across manufacturing sectors? And is it dependent on the level of sectoral requirement on external finance for capital need? To examine these questions this article uses a panel...

Empirical evidence suggests that belonging to an empire favours trade by lowering transaction costs and establishing preferential trade agreements. Does the end of an empire invert this effect, and if so, through which channels? This paper uses an original dataset to explore the impact of...

The future emergence of a European monetary zone is set to transform the configuration of the international monetary system and the roles of the dollar, the Euro and the yen within this system. This book addresses this issue with discussion of: * exchange rate policies pursued in the principal...

The main purpose of this paper is to demonstrate the effect of debt overhang on real equilibrium exchange rate. Using a panel of twenty Sub-Saharan African countries, we find a non linear effect of external public debt on real exchange rate. External public debt negatively affects the real...