,466 million. It is important to note that the overall trade generating effect of the investment is expected to be somewhat lower …

"The authors determine how time delays affect international trade using newly collected World Bank data on the days it … reduces trade by at least 1 percent. Put differently, each day is equivalent to a country distancing itself from its trade …

"The United States imports around 25 percent of its merchandise under some form of preferential trade regime. The … authors examine both the origins and consequences of U.S. trade preferences in the context of the gravity model of … international trade. First, they provide estimates of the impact of preferential trade regimes in terms of access to U.S. markets …