, revealing that deepening existing agreements (the intensive margin of regional integration) could boost world trade by 5 percent …This paper explores the economic impacts of preferential trade agreements, conditional on their level of ambition. We … cluster 278 agreements, encompassing 910 provisions over 18 policy areas and estimate the trade elasticity for the different …

Geography, economic size, or common history, help predicting signed regional trade agreements (RTAs). However, not all … two mechanisms addressed in this paper. We estimate the time-varying probability for a country pair to sign a trade …

America would be the largest preferential trade agreement in the world. Encompassing almost half of world GDP, it will have …The proposed Transatlantic Trade and Investment Partnership (TTIP) between the European Union and the United States of … strong economic effects on Germany. In this paper, we put this trade policy initiative in its broader perspective. We argue …

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 theoretically …

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 …

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

Trade Agreement (PTA) formation. First, it shapes the nature of forces constraining expansion of Free Trade Agreements (FTAs … played by PTAs in the attainment of global free trade. Initially, tariff binding liberalization leads to Custom Union (CU …) formation in equilibrium but in a way that undermines the pursuit of global free trade. However, further tariff binding …

This paper analyses the effect of international borders and of trade agreements at international borders on subnational … 1950 and 2017. Our results show that international borders decrease regional income per capita, while trade agreements at … international borders increase regional income per capita by about the same magnitude. The positive marginal effect of trade …

We quantify the relationships between deep trade liberalization and foreign direct investment (FDI). To this end, we … focus on the effects of Deep Trade Agreements (DTAs), and we rely on a structural framework that simultaneously enables us … effects on FDI; and (iii) obtain partial DTA effects on trade and quantify the impact of DTAs on FDI through trade. We obtain …

This paper sets up a model of trade, in which two countries with differing levels of technology specialize in the … scope for a deep trade agreement that conditions tariff reductions on institutional quality improvements and is beneficial …