counterfactual experiments to assess quantitatively the positive and normative effects of barriers to trade in import and export … export their goods and whether to use imported intermediates. The model highlights mechanisms whereby import policies affect …. Furthermore, because of import and export complementarities, policies which inhibit the importation of foreign intermediates can …

The proposed Transatlantic Trade and Investment Partnership (TTIP) is the most significant trade policy initiative … since the Uruguay Round (1986 to 1994). It would create a free trade zone covering 45% of world GDP. However, critics … estimated general equilibrium trade model. Assuming that the TTIP will reduce transatlantic trade costs by as much as existing …

The expansion of regionalism has spawned an extensive theoretical literature analysing the effects of Free Trade … Agreements (FTAs) on trade flows. In this paper we focus on FTAs (also called European agreements) between the European Union (EU … effects on trade flows by treating the agreement variable as endogenous. Our theoretical framework is the gravity model, and …

This paper explores the role of pooled-producer, e.g. private label, trade intermediation in shaping the range and … diversity of exports. Direct sales maintain a firm's unique product characteristics (‘brand equity'), whereas trade through an … latter, and shows that the availability of the private label option results in greater total export volumes and lower average …

effects on export growth. A shock of one standard deviation to a country's supply of trade finance decreases exports, on … aggregate uncertainty is high. Our results imply that global banks affect export patterns and suggest that trade finance played …This study provides evidence that shocks to the supply of trade finance have a causal effect on U.S. exports. The …

past free trade agreements (FTAs) as well as obtain ex ante predictions for the effects of future FTAs. We first identify … ante trade frictions. The effects of new FTAs are similarly weaker for pairs with existing agreements already in place. In … addition, we are able to relate asymmetries in FTA effects to each country's ability to influence the other's terms of trade …

The European Union and Japan have recently launched negotiations about a bilateral free trade agreement as means of … economic stimulation, with trade as a driving force to create growth and wealth. Since customs duties are already low, the … to shed light on two possible liberalization scenarios, a less ambitious and a comprehensive trade liberalization. In …

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 …

of subregional and bilateral trade agreements. This paper analyzes the recent trends and patterns and nature of regional … trade and cooperation agreements (RTCAs) in Asia and associated problems and prospects. It also attempts to understand the … for the emergence of new regional trade in blocs of several subregional groupings …

We examine Chinese-US trade flows over the 1994-2012 period, and find that, in line with the conventional wisdom, the … value of China’s exports to the US responds negatively to real renminbi (RMB) appreciation, while import responds positively … reduce China’s trade balance. The use of alternative exchange rate measures and data on different trade classifications …