In this paper we explore the potential gains that a trade agreement (TA) can provide by regulating trade …-policy uncertainty, in addition to the more standard gains from reducing the mean levels of trade barriers. We show that in a standard … trade model with income-risk neutrality there tends to be an uncertainty- increasing motive for a TA. With income …

slave trades have had an adverse effect on economic development. …

desired result. In 2000, the United States dropped trade restrictions on a broad list of products through the African Growth … countries, we find that AGOA has a large and robust impact on apparel imports into the U.S., as well as on the agricultural and … that the U.S.-AGOA imports were not merely diverted from elsewhere. We discuss how the effects vary across countries and …

Small Think Regionalism focused on the Vinerian question: "Would a nation gain from joining a trade bloc?" Big Think …

We propose a model of trade agreements in which contracting is costly, and as a consequence the optimal agreement may … be incomplete. In spite of its simplicity, the model yields rich predictions on the structure of the optimal trade … explicitly into account can help explain a number of key features of real trade agreements. …

What do trade negotiators negotiate about? There are two distinct theoretical approaches in the economics literature … that offer an answer to this question: the terms-of-trade theory and the commitment theory. The terms-of-trade theory holds … that trade agreements are useful to governments as a means of helping them escape from a terms-of-trade-driven Prisoners …

economies, and where freer trade has persistent, positive effects on productivity, beyond the standard efficiency gains due to … business with or compete with. Trade then has a selection effect of putting domestic producers in contact with the most … efficient foreign and domestic producers. We analyze the way that trade in goods, and impediments to it, affect this diffusion …

economies. The five parameters of the model are calibrated using the Sachs-Warner definition of openness and time-series and …

Fair Trade is a labeling initiative aimed at improving the lives of the poor in developing countries by offering better … behind Fair Trade, describing the potential benefits and potential pitfalls. We also provide an assessment of the empirical … evidence of the impacts of Fair Trade to date. …

institutions to affect growth. Institutions can directly affect growth, or it can impact on trade, which in turn affects growth …. Once we separately quantify the link from institutions to trade, and trade to growth, the independent effect of … institutions on growth is small. This suggests that part of what is often understood as trade's effect on growth can be attributed …