This paper emphasizes the relevance of classical transition dynamics for trade policy, particularly for developing … to trade policy reforms. The paper employs a simple growth model to examine these effects, formally developing the …

From marginal relevance, the trade and business relations between Australia and Latin America have grown during the … partners in Latin America (Argentina, Brazil, Chile and Mexico) experienced the impact of processes of trade liberalisation …

and entry decisions in the context of international trade. When market entry costs are sunk, policy uncertainty can create … dynamic, heterogeneous firms model we show that: (i) investment and entry into export markets is reduced when trade policy is … uncertain, and (ii) preferential trade agreements (PTAs) are valuable to exporters even if applied trade barriers are currently …

In this paper we explore the potential gains that a trade agreement (TA) can provide by regulating trade …-policy uncertainty, in addition to the more standard gains from reducing the mean levels of trade barriers. We show that in a standard … trade model with income-risk neutrality there tends to be an uncertainty-increasing motive for a TA. With income …