We investigate the long-term effects of export opportunities to a large destination market on multinational affiliates … and domestic firms in a low-income host country. The US-Vietnam Bilateral Trade Agreement reduced US import tariffs on …

unions to estimate the effect of currency unions on trade using (then-) conventional gravity models. In this paper, we use a … variety of empirical gravity models to estimate the currency union effect on trade and exports, using recent data which … a smaller trade effect than other currency unions; it has a mildly stimulating effect at best. Third and most …

Starting in 1985, Colombia experienced gradual trade liberalization that culminated in the drastic tariff reductions of … 1990-91. This paper exploits these trade reforms to investigate the relationship between protection and wages. The focus of … Colombia exhibit remarkably less persistence over time than U.S. wage premiums. Similarly, measures of trade protection are …

forms of trade frictions (e.g., transportation, information and communication costs). Implicit in this development is the …The last two decades have witnessed a shift in the focus of international trade research from trade policy to other … widespread view that trade policy no longer matters. We confront this view by critically examining a large body of evidence on …

A gravity model is used to assess the separate effects of exchange rate volatility and currency unions on international … trade. The panel data set used includes bilateral observations for five years spanning 1970 through 1990 for 186 countries … same currency. I find a large positive effect of a currency union on international trade, and a small negative effect of …

This paper shows that proximity to major international financial centers seems to reduce business cycle volatility. In … experience more volatile growth rates in both output and consumption, even after accounting for political institutions, trade …

dampening effect on trade volatility …I examine the hypothesis that membership in the World Trade Organization (WTO) and its predecessor the General … Agreement on Tariffs and Trade (GATT) has increased the stability and predictability of trade flows. I use a large data set …

This paper addresses the issue of whether regimes of fixed exchange rates are a mechanism for shifting volatility inter … devaluations reveals little evidence of significant increases in volatility following these events …