Preferential liberalization of trade in services is a central feature of the new regionalism. "GATS-Plus" and "GATS … different effect of the "GATS-Plus" and "GATS-Minus" components of RTAs on the service trade . The results of the empirical … "service" RTA) can increase the bilateral service trade between the trading-pairs significantly. (2) almost all the "GATS …

merchandise trade and investment. It does so by estimating gravity models of bilateral trade and investment. It finds that recent … explicitly for whether the trade and investment effects are significantly different after PTA formation than before accounts for … investment responds in beachhead' fashion to the trade provisions of PTAs, the trade carried out from those beachheads could …

trade. Because there are reasons to anticipate a positive correlation between the predominant direction of trade flows in … these points by analyzing the evolution of trade between 1949 and 1964. We find that historical factors exercise an … important influence on trade even after controlling for the arguments of the standard gravity model …

A large and growing number of countries participate in multiple preferential trade agreements (PTAs), which … increasingly entail broad cooperation over policies extending far beyond trade barriers. I review the traditional and non …-traditional motives for PTAs and their empirical determinants as well as their impacts on trade and on multilateral liberalization. I …

This paper considers the impact on trade of preferential arrangements in Europe since the 1950s. Using a first … difference version of the gravity model, we find that the EC and EFTA altered the pattern of international trade. We also find … evidence of trade diversion in several cases, notably that of the EC in the 1960s …

This paper reviews the literature on governments' motivations for negotiating and joining international trade … agreements. I discuss both normative explanations for trade agreements and explanations based on political-economy concerns. Most … governments forming preferential or regional trade agreements that exclude some countries …

preferential trade agreements (PTAs). Should economists see this as an efficient institutional hand-off, where the WTO has carried … trade liberalization as far as it can manage, and is now passing the baton to PTAs to finish the job? We survey a growing … economics literature on international trade agreements and argue on this basis that the WTO is not passé. Rather, and subject to …

economic activity, especially international trade. We study the effects of war on bilateral trade with available data extending … back to 1870. Using the gravity model, we estimate the contemporaneous and lagged effects of wars on the trade of … belligerent nations and neutrals, controlling for other determinants of trade as well as the possible effects of reverse causality …

Gravity-based cross-sectional evidence indicates that currency unions stimulate trade; cross-sectional evidence … indicates that trade stimulates output. This paper estimates the effect that currency union has, via trade, on output per capita …. We use economic and geographic data for over 200 countries to quantify the implications of currency unions for trade and …

This paper studies empirically the effects of financial crises on international trade. The major findings are that …