computable general equilibrium trade model calibrated with the latest version of the GTAP database to simulate the effect of … doubling non-tariff barriers - both unilateral and reciprocal - between the two blocks on trade and welfare. Imposing trade … to cooperate rather than turning away from each other. By imposing a trade war on Russia, the political West could …

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 …

to fall according to the accession agreement. This paper evaluates this 2007-2014 trade liberalization by building an … overall welfare and reduce income inequality. -- Vietnam ; WTO accession ; trade reforms ; state-owned enterprises …

Language is a strong and robust determinant of international trade patterns: Countries sharing a common language trade … that this trade-promoting effect of language is likely to reflect cultural ties, rather than lower costs of communication … local dialect between regions have a sizable and significant positive impact on intra-national trade. We interpret this …

Mainstream economic wisdom favoring cooperative free trade is challenged by a wave of disruptive trade policies. In …

local labor markets is pervasive, unique data are available, and because Germany’s high degree of trade openness poses a …

Quantitative results from a large class of international trade models depend critically on the elasticity of trade with … respect to trade frictions. We develop a simulated method of moments estimator to estimate this elasticity from disaggregate … price and trade-flow data using the Ricardian model. We motivate our estimator by proving that the estimator developed in …

regularities in international trade that have previously been studied incompletely and in isolation to one another. The literature … intersectorally and internationally, as in recent models of trade and growth. …

Fragmentation of the global value chain makes it difficult to assess the effects of trade liberalization on the global … pattern of production. Gross bilateral trade ows no longer reveal a country's or a sector's value added contribution. Yet, it … is value added that matters for employment and welfare. We derive a structural equation for value added trade ows and …