firm will export or import. Foreign ownership has a large positive impact on the likelihood to engage in direct trade but a … negative effect on the likelihood to trade through intermediaries; the effects vary across upper and lower middle income …

In early 2020, the disease Covid-19 caused a drastic lockdown of the Chinese economy. We use a quantitative trade model … international trade and global value chains (GVCs). We find moderate welfare losses in most countries outside of China, while a few … countries even gain from the shock due to trade diversion. As a key methodological contribution, we quantify the role of GVCs …

parliamentary elections. On the economic side, the sanctions significantly hurt Russia’s foreign trade — with regional …-level variation. We use trade losses caused by the sanctions as measure for regional sanction exposure. For identification, we rely on … a structural gravity model that allows us to compare observed trade flows to counterfactual flows in the absence of …

market power. Two main results are shown. First, in the presence of buyer power trade liberalization may lead to retail … market concentration. Due to this concentration retail prices may be higher and welfare may be lower in free trade than in … autarky, thus reversing the standard effects of trade liberalization. Second, the pro-competitive effects of trade …

. In choosing between these alternatives, they face a trade-off between higher variable distance costs when exporting and …

exemplify possible applications related to trade and FDI. By overcoming several data limitations, our new global index can help …

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 …

of time consistency of liberalization under the so-called Bogor target of achieving free trade within APEC in 2010 (2020 …

. 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 …