The article describes the invoice currency choice in the Brazilian foreign trade, focusing on the use of the Brazilian real (BRL). The Ministry of Foreign Trade (MDIC) database is used for the first time for this purpose. Even with the US dollar being far more used in Brazil than in other...

In the 90’s, the Mercosur countries experienced a strong growth of trade and foreign direct investment (FDI). To examine the relationship between FDI, trade and regional integration in the Mercosur, we tested different disaggregated gravity equations on trade and FDI flows between two Mercosur...

BACI draws on United Nations COMTRADE data and covers more than 200 countries and 5,000 products, between 1994 and 2004. Imports and exports flows are reported annually by 130 countries to United Nations in values and quantities. When both exporting and importing countries report, we have two...

TradeProd, the CEPII trade, production and bilateral protection database, provides an updated version of the worldwide data used in Mayer and Zignago (2005), and available on CEPII's website. The database contains three groups of information covering 28 industrial sectors in the ISIC...

In recent years empirical studies offer clear evidence on the increasing importance of intra-industry trade in presence of vertically differentiated products. These are goods that, within the same industry, are distinguished by different quality levels. In the new trade theory and in the...

It is frequently stated that Turkey's trade orientation has shifted in the last decade away from Europe and more towards the East, specifically Arab countries and Middle East. However, comprehensive presentation of the situation is lacking, causing concern over the validity of the statement....

Using the methodology developed in Kehoe and Ruhl (2013), I measure the change in the extensive, or new goods, margin of trade between Austria and the ten new entrants to the European Union in 2004. On average, the new goods account for 42% of the bilateral trade flow after enlargement. A time...

This paper uses the methodology developed in Kehoe and Ruhl (2013) to measure the change in the extensive, or new goods, margin of trade between Japan and China after China's entry into the World Trade Organization in 2001. The new goods account for 15.9% of Japanese exports to China and 22% of...

The share of BRICS countries in the world trade is significantly rising for more than a decade and it was approximately 3 % in 1980, 6 % in 2000 and 16 % in 2013 in the total world imports. The same rising pattern of BRICS is also being seen in Turkey’s trade since early 2000s. In this study,...

This dissertation is anchored in the disruptive impact of China’s resource-based economic expansion over the last two decades. Whilst the country’s economic growth follows traditional patterns of development, the size of China’s population challenges the small-country assumption inherent...