This paper empirically investigates the effect of the EU-South Korea free trade agreement (FTA) on manufacturing trade … flows. By applying a state-of-the-art structural gravity model with intranational (i.e., domestic) trade and using … disaggregated data, we quantify both the trade impact and the observed heterogeneity in the FTA estimates. In line with literature …

Global trade contracted quickly and severely during the global crisis. This paper, using a unique dataset of French … firms, matching together export data with firm-level credit constraints, shows that most of the 2008-2009 trade collapse is … crisis, the overall impact of credit constraints on trade remains limited. …

The unprecedented drop in international trade during the last quarter of 2008 and the first quarter of 2009 has mainly …

addition to its well-established relevance for the level of trade. A simple model of trade with endogenous markups shows that … demand shocks have a larger impact on trade between more distant countries. We test this implication in two steps, relying on …, linguistic, and internet). We first show that during the Great Trade Collapse of 2007-09 international transactions fell more …

This paper assesses the Euro's influence upon European trade by estimating two different indicators. The first is the … with its trade partners. This study of the Euro's influence by means of the Border Effect is a novelty in the literature …, it reveals that the Euro's influence upon trade is not so clear as papers focused only on the Rose Effect claim. This …

trade prices and exchange rates. Results indicate that (i) the elasticity of trade prices in emerging markets is sizeable …

investigate the factors behind the dynamics of global trade flows, with a particular view on the issue of global trade imbalances … internationalisation of production and the high import content of exports. The model can be used to gauge the effect on trade flows of …) shock to US output than to a real effective depreciation of the dollar. In addition, the model can be used to monitor trade …

Trade is measured on a gross sales basis while GDP is measured on a net sales basis, i.e. value added. The rapid … internationalisation of production in the last two decades has meant that gross trade flows are increasingly unrepresentative of value … components trade is important. We also provide a simple theoretical foundation for a modified gravity equation that is suited to …