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In Search of WTO Trade Effects : Preferential Trade Agreements Promote Trade Strongly, But Unevenly

Eicher, Theo S. - 2009

The literature measuring the impact of Preferential Trade Agreements (PTA) and WTO membership on trade flows has produced remarkably diverse results. Rose''s (2004) seminal paper reports a range of specifications that show no WTO effects, but Subramanian and Wei (2007) contend that he does not...

Persistent link: https://www.econbiz.de/10014402393

Trade Policy and Macroeconomic Balance in the World Economy

International Monetary Fund - 1988

The paper explores the relationship between trade policy and current accounts. The effect on the current account of a change in protection at home and then abroad is analyzed, assuming that the exchange rate floats. The “savings-and-investment approach” is used. It shows that there is no...

Persistent link: https://www.econbiz.de/10014396105

Implications of the Uruguay Round for Kenya

Chandha, Rupa - 1996

This paper studies the implications of the Uruguay Round for Kenya’s own trade regime and its external trading environment. The analysis indicates that Kenya did not undertake significant liberalization commitments under the Uruguay Round. There are however, several effects on Kenya’s...

Persistent link: https://www.econbiz.de/10014396154

Adjusting to New Realities : MENA the Uruguay Round, and the Eu-Mediterranean Initiative

Fennell, Susan - 1997

This paper addresses concerns that the Middle East and North Africa (MENA) region, with the exception of the GCC economies, has lagged behind in trade liberalization. This delay has adversely affected production efficiency and consumer welfare and could reduce the region’s ability to attract...

Persistent link: https://www.econbiz.de/10014400709

The Impact of Trade Priceson Employment and Wages in the United States

Hakura, Dalia - 1997

This paper investigates the sensitivity of sectoral employment and wages in the United States to changes in foreign trade prices for 1980–90. Previous studies have concentrated mainly on the impact of changes in import prices on employment and wage levels. This paper estimates the impact of...

Persistent link: https://www.econbiz.de/10014401271

NAFTA to USMCA : what is gained?

Burfisher, Mary E.; Lambert, Frederic; Matheson, Troy - 2019

The United States - Mexico - Canada Agreement (USMCA) was signed on November 30, 2018 and aims to replace and modernize the North-American Free Trade Agreement (NAFTA). This paper uses a global, multisector, computable-general-equilibrium model to provide an analytical assessment of five key...

Persistent link: https://www.econbiz.de/10012009997

Another piece of the puzzle : adding SWIFT data on documentary collections to the short-term forecast of world trade

Ghazaryan, Narek; Goumilevski, Alexei; Mongardini, Joannes - 2021

international trade. While SWIFT documentary collections accounted for just over one percent of world trade financing in 2020, they … have strong explanatory power to forecast world trade and national trade in selected economies. The informational content … from documentary collections helps improve the forecast of world trade, while a horse race with machine learning algorithms …

Persistent link: https://www.econbiz.de/10012794915

European Trade and Foreign Direct Investment U-Shaping Industrial Output in Central and Eastern Europe : Theory and Evidence

Walsh, Patrick P. - 1998

We examine industrial output in Bulgaria, Hungary, Poland, and Romania during 1989–95 in terms of pretransitional product trade orientation. The growth of EU-oriented output within sectors of industry, ex-post trade, and market liberalization, is modeled as foreign direct investment induced...

Persistent link: https://www.econbiz.de/10014403410

Integration of Eastern Europe Into the World Trading System

Junz, Helen B. - 1991

The sheer size of mandated trade among members of the Council for Mutual Economic Assistance (CMEA), and its composition and quality, means that its reorientation toward other markets entails a whole complex of structural adjustment policies. To be successful, policy reform must be...

Persistent link: https://www.econbiz.de/10014396289

The slowdown in global trade : a symptom of a weak recovery

Aslam, Aqib; Boz, Emine; Cerutti, Eugenio M.; … - 2017

Global trade growth has slowed since 2012 relative both to its strong historical performance and to overall economic growth. This paper aims to quantify the role of weak economic growth and changes in its decomposition in accounting for the slowdown in trade using a reduced form and a structural...

Persistent link: https://www.econbiz.de/10011763603

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