This paper assesses how regional trade agreements (RTAs) impact growth volatility on a worldwide sample of 170 … countries with data spanning the period 1978-2012.Notwithstanding concerns that trade openness through RTAs can heighten … benefits outweigh the costs as RTAs are consistently associated with lower growth volatility, after controlling for trade …

largest and most comprehensive trade deals in history. While there are several estimates of the likely effects of the TPP …

, despite the larger trade elasticities implied by firm heterogeneity. As a consequence, the world-wide trade response, though … trade, while accommodating asymmetries in trade flows. A new equation for the proportion of exporting firms takes a gravity … multilateral resistance terms with which to capture the comparative static effects of changes in trade costs. For isolated …

generate significant short-term deviations from Lerner. Finally, we quantify the macroeconomic costs of a trade war and find … that they can be substantial, with permanently lower income and trade volumes. However, a fully symmetric retaliation to a …

This paper investigates the asymmetries in trade spillovers from sector-specific technology shocks in China to selected … euro area countries. We use a Ricardian-gravity trade model to estimate sectoral competitiveness in individual euro area … different specialization patterns. This raises the question of the distribution of gains and losses from external trade shocks …

In the cross section of countries, there is a strong positive correlation between trade andincome, and a negative … relationship between trade and inequality. Does this reflect a causalrelationship? We adopt the Frankel and Romer (1999 …) identification strategy, and exploitcountries' exogenous geographic characteristics to estimate the causal effect of trade onincome …