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Macroeconomic Potentials of Transatlantic Free Trade : A High Resolution Perspective for Europe and the World

Felbermayr, Gabriel J. - 2014

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 …

Persistent link: https://www.econbiz.de/10013044668

Do Trade Agreements Stimulate International Trade Differently? Evidence from 296 Trade Agreements

Kohl, Tristan - 2013

In a seminal paper, Rose (2004) found that the assumed positive impact of the WTO on international trade was … and separating the WTO from other forms of trade agreements. A key characteristic of this literature is the rather …

Persistent link: https://www.econbiz.de/10013081056

Economic Integration Agreements, Border Effects, and Distance Elasticities in the Gravity Equation

Bergstrand, Jeffrey H.; Larch, Mario; Yotov, Yoto V. - 2021

yields economically plausible and statistically significant estimates of the declining effect of “national borders” on world …

Persistent link: https://www.econbiz.de/10013315671

Trade, Wages, and Productivity

Behrens, Kristian - 2012

We develop a new general equilibrium monopolistic competition model with variable demand elasticity, heterogeneous firms, and multiple asymmetric regions. Wages, productivity, consumption diversity, and markups across firms and markets are all endogenously determined and respond to trade...

Persistent link: https://www.econbiz.de/10013097109

Gravity, Distance, and International Trade

Baier, Scott L. - 2017

We review and interpret the main theoretical developments in the gravity literature from its very early, a-theoretical applications to the latest structural contributions. We also discuss challenges and implement methods to estimate empirical gravity equations. We finish with a presentation and...

Persistent link: https://www.econbiz.de/10012960473

How Free Trade Can Help Convert the 'Arab Spring' into Permanent Peace and Democracy

Gylfason, Thorvaldur; Martínez-Zarzoso, Inmaculada; … - 2021

Since Jean Monnet conceived the Coal and Steel Community, free trade has successfully prevented serious conflicts in Europe between democratically governed States with market economies. After six countries established the European Community, this principle has been extended successfully to its...

Persistent link: https://www.econbiz.de/10013315891

Where is the Value Added? Trade Liberalization and Production Networks

Aichele, Rahel - 2019

-sector gravity model with inter-sectoral linkages. We calibrate the model and perform a counterfactual analysis of China's WTO …-12% of the decrease in the world DVA ratio as observed between 2000-2007. For China, the counterfactual experiment robustly … replicates the increase in the DVA ratio, driven by the export-processing zones. Furthermore, our results imply that China's WTO …

Persistent link: https://www.econbiz.de/10012902861

Kyoto and Carbon Leakage : An Empirical Analysis of the Carbon Content of Bilateral Trade

Aichele, Rahel; Felbermayr, Gabriel J. - 2021

Has the Kyoto Protocol induced carbon leakage? We conduct the first empirical ex-post evaluation of the Protocol. We derive a theoretical gravity equation for the CO2 content of trade, which accounts for intermediate inputs, both domestic and imported. The structure of our new panel database of...

Persistent link: https://www.econbiz.de/10013315947

FDI, Trade Integration and the Border Effect : Evidence from the European Union

Martinez-San Roman, Valeriano - 2014

This paper intends to combine two fields in the economic literature by examining empirically the FDI pattern – horizontal versus vertical – within the European Union and the relevance of trade integration as a potential determinant of investment flows over the period 1995-2009. We capture...

Persistent link: https://www.econbiz.de/10013051267

International Trade Integration : A Disaggregated Approach

Chen, Natalie - 2013

This paper investigates the sources and size of trade barriers at the industry level. We derive a micro-founded measure of industry-specific bilateral trade integration that has an in-built control for time-varying multilateral resistance. This trade integration measure is consistent with a...

Persistent link: https://www.econbiz.de/10012753160