Natural resources account for 20% of world trade, and dominate the exports of many countries. Policy is used to … (equivalent to trade taxes if no domestic production is possible). We review the literature, and argue that the policy equilibrium …

increased bilateral trade and foreign direct investment flows and also from enhanced cohesion of negotiating positions in … international fora. Data presented show bilateral trade between Brazil and China surging after 2001 and China is now Brazil … the two countries has also significantly increased in recent years. Projections of future trade flows using current growth …

This paper reviews the most significant recent developments in the theory of trade agreements. The paper offers an … integrated approach to evaluating trade agreements, and uses the approach to present results on preferential and multilateral … trade agreements. The paper identifies also several questions for further research …

What has been the overall global welfare impact of the accession to the World Trade Organization of a large country … simple user-friendly formula to calculate the global welfare impact of the simultaneous trade liberalization of a number of … countries? How sensitive is the answer to the assumption of the trade model? We find a striking answer to these questions. We …

Natural resources account for 20% of world trade, and dominate the exports of many countries. Policy is used to … (equivalent to trade taxes if no domestic production is possible). We review the literature, and argue that the policy equilibrium …

Gravity equations have been used for more than 50 years to estimate ex post the partial effects of trade costs on … international trade flows, and the well-known -- and traditionally presumed exogenous -- “trade-cost elasticity” plays a central … role in computing general equilibrium trade-flow and welfare effects of trade-cost changes. This paper addresses …

We build a model of tacit collusion between firms that operate in multiple markets to study the effects of trade costs … strategically linked via the incentive compatibility constraint. Importantly, trade costs affect cartel shipments and welfare not … only directly but also indirectly through discipline. Using extensive data on international cartels, we find that trade …

increased bilateral trade and foreign direct investment flows and also from enhanced cohesion of negotiating positions in … international fora. Data presented show bilateral trade between Brazil and China surging after 2001 and China is now Brazil … the two countries has also significantly increased in recent years. Projections of future trade flows using current growth …

We propose a simple method to identify the effects of unilateral and non-discriminatory trade policies on bilateral … trade within a theoretically-consistent empirical gravity model. Specifically, we argue that structural gravity estimations … should be performed with data that include not only international trade flows but also intra-national trade flows. The use of …