We study the impact of transnational terrorism diffusion on security and trade. We set a simple theoretical model predicting that the closer a country to a source of terrorism, the higher the negative spillovers on its trade. The idea is that security measures, which impede trade, are directed...

We show that the negative impact of financial crises on trade is magnified for destinations with longer time-to-ship. A simple model where exporters react to an increase in the probability of default of importers by increasing their export price and decreasing their export volumes to...

This paper studies the implications of Preferential Trade Agreements (PTAs) proliferation. Using counterfactual estimation, we disentangle the treatment effect of one PTA on members’ trade and real income, from the externalities created by concurrent trade policy changes. Results, focusing on...

In order to develop trade in services, the GATS aims to eliminate progressively discriminatory regulations, which apply to foreign suppliers. This paper looks instead at the trade effect of domestic regulations, which apply to all firms indifferently and do not intend to exclude imports. We...

This paper studies the effect of oil prices on the geography of international trade. We model transport costs as a function of variable and fixed costs. By affecting the first cost component, oil prices can then modify the structure of transportation costs across partners. This, we argue, acts...

This paper is the first to use the Banque de France database on firm-level exports and imports of services. We first show that firms trading services are bigger, more productive and pay higher wages than the purely domestic ones. Second, exports are very concentrated among a few numbers of...