method based on gravity equations. Simulation results reveal that all FTA participation countries will gain but all FTA non … model, China-Japan-Korea FTA will generate the second highest welfare outcome, and China-US FTA will generate the third … highest welfare outcome. For the US, China-TPP FTA will generate the highest welfare outcome. For the EU, all China involved …

We consider the purpose and design of the World Trade Organization (WTO) and its predecessor, GATT. We review recent …

Suppose that an opportunity arises for two countries to negotiate a free trade agreement (FTA). Will an FTA between … economic conditions necessary for an FTA to be an equilibrium outcome, both for the case when the agreement must cover all …

This paper analyzes the short-run trade effects of retaliatory tariffs against agriculture and food exports from the … United States. The results indicate that these tariffs caused a substantial decline in U.S. agriculture and food exports and …

This paper infers the terms of trade effects of Free Trade Agreements (FTA's) with the structural gravity model. Using … panel data methods to resolve two way causality between trade and FTA's, we estimate direct FTA effects on bilateral trade … for 40 countries plus a rest-of-the-world aggregate. Some gain over 10%, some lose less than 0.2%. Overall, using a novel …