rest of the world relative to the status quo. However, there is substantial heterogeneity across the 134 geographical …

the silent success story of regional integration. Throughout the world, CUs have been superseding earlier FTAs, as new …

since the Uruguay Round (1986 to 1994). It would create a free trade zone covering 45% of world GDP. However, critics … gains for Germany (3.5%), Europe (3.9%), and the world (1.6%), but that it could also harm third countries …

conclusive evidence that they are positive, as theory predicts. This paper shows that the lack of empirical evidence is … consistent with theory if countries are in transition to FDI openness. Anticipated welfare gains lead to temporary declines in … reconciliation of theory and evidence is accomplished with a multicountry dynamic general equilibrium model parameterized with data …

of the largest 50 economies in the world, a reduction in entry costs all the way to the U.S. level leads to an average …