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 …

Trade economists traditionally study the effect of lower variable trade costs. While increasingly important politically …, technical barriers to trade (TBTs) have received less attention. Viewing TBTs as fixed regulatory costs related to the entry … into export markets, we use a model with heterogeneous firms, trade in differentiated goods, and variable external …

The article analyses patterns and country-specific determinants of Visegrad Countries' (VC) agri-food trade with the … European Union. Literature focusing on the country-specific determinants of vertical and horizontal intra-industry trade is … rather limited and those analysing agricultural (or agri-food) trade are extremely rare. Therefore, the paper seeks to …

been done by analyzing gross trade flows related to offshore activities using gravity equations augmented by ad hoc … to theoretically unmotivated attempts to allow for both complete and incomplete specialization influences on gross trade … patterns. This view reveals that countries' multilateral specialization incentives drive bilateral trade, corresponding to and …

Theoretical literature states that intra-industry trade (IIT) should be divided into horizontal and vertical flows (or … trade in products with homogeneous and heterogeneous quality) that are influenced by different factors. Yet, the economists … threshold used to separate the types of trade. We propose the two alternative approaches to dissecting IIT: first, applying …

In the past few decades China has put substantial efforts into liberalising its trade and economy that accelerated … after its accession to the World Trade Organisation (WTO) in December 2001. In this period China has significantly reduced … it the country notifying the second largest number of technical barriers to trade (TBTs) to the WTO after the United …

This paper provides new empirical evidence of the "euro effect" on bilateral trade by allowing for a heterogeneous … relatively large euro's effect on bilateral trade for the "new" EMU countries. We also and no evidence of trade diversion, thus …

China's merchandise trade surplus has reached an all-time high and is likely to rise further. A key driver appears to … trading partners with high trade deficits with China. As this constellation could be the source of growing trade conflicts …, this article analyses China's growing trade surplus in several dimensions with a focus on Chinas trade relation to the EU. …

The establishment of the currently negotiated Free Trade Agreement (FTA) between EU and Ukraine is the next significant … developing countries face some costs associated with trade liberalization, this paper contributes to the literature by analyzing … trade liberalization, as the results vary significantly across the scenarios. In general, we find that tariff elimination …

This paper examines whether European integration, manifesting itself in increased trade and FDI linkages, new … model endogenous relationships and unveil direct and indirect effects. Trade and FDI prove to have a strong impact on …