equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 … countries over the period 1980-2016, we find that the average impact of GATT/WTO membership on trade among member counties is … for non-member countries. We show that countries not experiencing positive trade effects from joining GATT/WTO can still …

A Transatlantic Free Trade Area (TAFTA) has been proposed in the mid-1990s to revitalize the economic and political … trade area for its members with respect to trade in goods and services and investment flows. It then looks at potential … effects for third countries, and discusses how TAFTA fits into the WTO institutional rule system for the world economy and how …

The current WTO jurisdiction on linkages of trade and environment is not free of contradictions and has provided for … heated debate due to some inconsistencies in past WTO rulings. The article argues that the WTO jurisdiction is not only … unclear but also lacks economic reasoning. It aims to structure WTO provisions and WTO case rulings so that their application …

. We first gauge the impact of the sanctions' regime using a structural gravity framework and quantify the trade losses in … by the Russian embargo. Instead, the disruption of the provision of trade finance services is found to have played an …

The paper analyses sectoral patterns of intra-Asian trade for selected Asian countries as well as for sub … extra-Asian trade, almost all sample countries concentrate their intra-Asian exports more on non-manufactures. Within … manufactures, resource-intensive goods still play a larger role in intra-Asian trade than in trade outside Asia. This reflects both …

trade creation effect of monetary integration (so-called Rose effect) which is heavily debated in the literature. Recent … are already highly integrated in terms of trade and factor mobility. The potential discrimination effect against trade … to Europe. At the same time, so-called overlap or similarity indices for trade patterns show an increasing similarity …

sanctioned markets, while, importantly, the lifting of sanctions is not found to yield symmetric trade recovery effects …. Additionally, sanctions effects are very heterogeneous. Firms that depend more on trade finance instruments are more strongly …

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 …