This paper analyses the extent to which preferential trade agreements can lead to the substitution of non …

trade model which is similar in flavour to Markusen (1986). This paper makes two contributions. First, it develops a simple … and tractable model of international trade based on a combination of imperfect competition, comparative advantage, and …

This paper examines the effect of trade barriers on quality levels in a duopoly model for two countries where products … producers converge in case of market integration i.e. when the trade barrier is reduced. If a common minimum quality standard is …

on detailed plant-level data, is used to contrast the impacts of the Morocco-EU free trade area (FTA) to multilateral … trade liberalization on Morocco’s economy. Simulation results show that the FTA agreement is likely to have adverse effects … on Morocco due to: (a) deteriorating terms of trade, (b) reductions in output per firm in industries dominated by scale …

Vertical intra-industry trade dominates horizontal intra-industry trade in Korea. A time series analysis on both these … types of intra-industry trade yields the following: (1) vertical intra industry trade was caused by the rapid economic … development that the Korean economy experienced in the past thirty years and (2) horizontal intra-industry trade was more random …

According to the conventional home-market effect, free trade tends to shrink the market share for a small economy in … level of each firm, and an indirect effect through a change of survival firms after trade. Based on theoretical results we …

By employing a model with international trade costs and imperfect competition, in which a domestic firm serves both the … domestic market and the foreign market, we show that intraindustry trade compared to intersectoral trade is globally, but not …, because domestic consumers have to bear trade costs. …