– 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 trade integration by estimating the magnitude and evolution of the home … robust relationship of complementarity between trade integration and FDI provides at least one argument in support of …

trade that historically have been addressed largely separately: the (partial) effects on trade of economic integration … of economic integration agreements (EIAs) on members’ trade may be biased upward owing to inadequate control for … intranational trade); we find evidence of this bias using a properly specified gravity equation. Second, our novel methodology …

equations, trade is more sensitive to trade costs if the exporting country only provides a small share of the destination … country's imports. As a result, trade costs have a heterogeneous impact across country pairs, with some trade flows predicted … currency union effect, I find that a currency union is only associated with substantially higher bilateral trade if the …

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 …

Migration and trade are often linked through ethnic networks boosting bilateral trade. This study uses migration to … quantify the importance of Ricardian technology differences for international trade. The framework provides the first panel … between 1.6 and 2.4 depending upon weighting. This provides an important contribution to the trade literature of Ricardian …

As revealed by the trade intensity indices, India and the People's Republic of China have significant bilateral trade … potential, which has remained unexplored until now. These countries are presently negotiating for bilateral free-trade … losses in imports of both India and China due to different preferential trading arrangements and free-trade arrangements …

This paper identifies a “border” effect in the absence of a border. The finding that trade between East- and West …-Japan is 23.1 to 51.3 percent lower than trade within both country parts, is established despite the absence of an obvious east …-lasting historical shocks, are identified as an explanation for the east-west bias in intra-Japanese trade …

We re-visit the evidence about the trade benefits of European Monetary Union (EMU), focusing on the experience of … no evidence of a euro effect on trade flows among early euro adopters up to the year 2002. Second, this finding is robust … there is no robust evidence of a euro effect, there is evidence that intra-EU trade flows have expanded faster than the …