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Distance, globalization, and international trade

Borchert, Ingo; Yotov, Yoto V. - 2016

For a long time globalization could be seen everywhere but in gravity estimates. We offer evidence how globalization affects manufacturing trade over the period 1986-2006 and show that, on average, the effect of distance has fallen whereas the effects of proximity and regional trade agreements...

Persistent link: https://www.econbiz.de/10011586305

Consequences of Brexit and options for a "global Britain"

Brakman, Steven; Garretsen, Harry; Kohl, Tristan - 2017 - This version: April 19, 2017

The United Kingdom has opted to leave the European Union. The trade and welfare consequences of this decision are large; most studies predict a trade and welfare loss for both the UK and the EU. The UK parliament has indicated that it aims for new and ambitious trade agreements following Brexit,...

Persistent link: https://www.econbiz.de/10011646796

Bilateral trade imbalances

Cuñat, Alejandro; Zymek, Robert - 2019

Bilateral trade imbalances are determined by aggregate trade imbalances, production and expenditure patterns, and trade barriers. We calibrate a dynamic many-sector trade model to match the recent sectoral trade and production shares of 40 economies and the rest of the world. Through a variance...

Persistent link: https://www.econbiz.de/10012064397

The Brexit conundrum worsens the UK's relationship with the European Union

Ryan, John T. - 2019

This paper examines the shortcomings in the UK government's Brexit negotiation strategy which reflected Prime Minister Theresa May's weak political leadership. The Prime Minister focused on securing the short-term political survival of her government amidst turbulent and fractious domestic...

Persistent link: https://www.econbiz.de/10012065056

Trade blocs and trade wars during the interwar period

Jacks, David S.; Novy, Dennis - 2019

What precisely were the causes and consequences of the trade wars in the 1930s? Were there perhaps deeper forces at work in reorienting global trade prior to the outbreak of World War II? And what lessons may this particular historical episode provide for the present day? To answer these...

Persistent link: https://www.econbiz.de/10012024515

Are trade preferences a panacea? : the African growth and opportunity act and African exports

Fernandes, Ana Margarida; Maemir, Hibret; Mattoo, Aaditya; … - 2019

Does "infant industry" preferential access durably boost export performance? This paper exploits significant trade policy changes in the United States (US) to address this question. The expansion of Generalized System of Preferences (GSP) products for less developed countries in 1997 and the...

Persistent link: https://www.econbiz.de/10012024617

Putting Canada in the penalty box : trade and welfare effects of eliminating NAFTA

Baier, Scott L.; Bergstrand, Jeffrey H.; Bruno, John P. - 2019

international trade is the use of quantitative trade models to estimate the economic welfare losses from dissolutions of major … use state-of-the-art econometric methodology to estimate the partial (average treatment) effects on international trade … simulations will illustrate the important influence of trade costs - international and intranational - in contributing to the …

Persistent link: https://www.econbiz.de/10012026353

Arming in the global economy : the importance of trade with enemies and friends

Garfinkel, Michelle Robin; Syropoulos, Constantinos; … - 2019 - Current version: December 10, 2018

We analyze how trade openness matters for interstate conflict over productive resources. Our analysis features a terms-of-trade channel that makes security policies trade-regime dependent. Specifically, trade between two adversaries reduces each one's incentive to arm given the opponent's...

Persistent link: https://www.econbiz.de/10011966909

Contesting an international trade agreement

Cole, Matthew T.; Lake, James; Zissimos, Benjamin - 2018

lobbying and inherently protectionist government preferences. Moreover, new international political externalities emerge that …

Persistent link: https://www.econbiz.de/10011814580

Border effects without borders : what divides Japan's Internal Trade?

Wrona, Jens - 2018

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-west division due to historical borders, cultural...

Persistent link: https://www.econbiz.de/10011853219