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One criticism of the gravity model of international trade is that it takes no account of comparative advantage. This critique is particularly important when the gravity model is considered for policy applications such as identifying priority markets for trade promotion programs. For example, the...
Persistent link: https://www.econbiz.de/10013148065
For China, the last quarter century has marked the start of a new chapter in its history as it moved back from the margins of history toward centre stage, with global impacts from its soaring trade flows, foreign direct investment inflows, and the centrality of the yuan to developments in...
Persistent link: https://www.econbiz.de/10013127738
This study assesses the potential for enhancement post-Brexit of the UK's non-EU trading relationships by comparing actual levels of UK exports to predicted levels based on gravity model analysis, including by taking into account factors such as similarity/dissimilarity of comparative advantage,...
Persistent link: https://www.econbiz.de/10012941210
Canada's trade diversification drive confronts daunting challenges given that economic geography places it deep in the gravity well of the United States while its main diversification opportunities require partnership with the US' chief geostrategic rival, China. In this note, I sketch out how...
Persistent link: https://www.econbiz.de/10012849443
This study seeks to identify and estimate the relative importance of supply - versus demand - side constraints on Ethiopia's exports. Ethiopia has tried radically different trade strategies in the past, including a strategy of import replacement/protection for infant industries during the...
Persistent link: https://www.econbiz.de/10013139292
In the context of stalled multilateral trade negotiations, major trading economies are seeking free trade agreements (FTAs) to secure their market access objectives. Nowhere is this dynamic stronger than in East Asia, where a web of bilateral and plurilateral agreements is stitching together...
Persistent link: https://www.econbiz.de/10013096318
Persistent link: https://www.econbiz.de/10013101256
The distinction of introducing the first anti-dumping measure falls to Canada. At a time when tariffs were not bound, what made the duty special was that it could be levied administratively, rather than being enacted. In historical context, anti-dumping first made its appearance in an era that...
Persistent link: https://www.econbiz.de/10013081660
With the recent completion of a second Joint Study regarding a Canada-Japan Free Trade Agreement, and Canada's entry into the Trans-Pacific Partnership negotiations, which may eventually include Japan, the implications of trade liberalization with Asian economies gains renewed interest, in...
Persistent link: https://www.econbiz.de/10013090378
While antidumping laws were originally developed as the international trade analogue of domestic competition or antitrust policies, most vestiges of competition policy disappeared early in their evolution. Nonetheless, the formal justification for modern antidumping practice remains founded on...
Persistent link: https://www.econbiz.de/10013064816