We consider a demand based theory along the lines of Murphy et al. (1989) to study the interaction between income inequalities and trade patterns. We analyze the effect of redistributive policies on the production patterns and welfare. We distinguish an intensive and an extensive channels...

Using bilateral trade flow data from 1979 to 1999, we estimate trade integration between Chile and its principal trading partners (European Union, United States and Latin America) during this period. Our estimates are based on a gravity specification, theoretically grounded on a monopolistic...

For several years, preferential trade agreements have been oriented towards initiating a deep integration process including a “democratic” clause. The inclusion of such a clause can be interpreted as a political choice to promote democracy. However, it can also be viewed as a pre-condition...

The new round of multilateral negotiations ("Round") opened in Doha in 2001, stalled and was unable to achieve a final agreement, which, in all cases, should not be readily ratified by the US Congress. This delay is mainly due to the changing environment which is sometimes a consequence of the...

This paper provides an ex-post assessment of the Regional Trade Agreements (RTAs) to see whether RTAs have been trade creating or trade diverting. We estimate the impact of RTAs on trade flows for country pair with dyed fixed effects and time dummies. These fixed effects capture the determinants...

For several years, preferential trade agreements have been oriented towards initiating a deep integration process. As a result, treaties include clauses concerning the harmonization of regulations, policies and standards. In order to join the European Union, a future member must be a stable...

For several years, preferential trade agreements have been oriented towards initiating a deep integration process including a “democratic” clause. We can consider the inclusion of such a clause as a political choice to promote democracy. However, it can also be viewed as a pre-condition for...