This paper considers the impact on trade of preferential arrangements in Europe since the 1950s. Using a first … difference version of the gravity model, we find that the EEC and EFTA altered the pattern of international trade. We also find … evidence of trade diversion in several cases, notably that of the EEC in the 1960s …

Since the collapse of the Soviet Union, the trade of its successor states has spiralled downward. The European Payments … an inappropriate framework for organizing the former Soviet Union's trade and payments. The only multilateral clearing …

trade. Because there are reasons to anticipate a positive correlation between the predominant direction of trade flows in … these points by analyzing the evolution of trade between 1949 and 1964. We find that historical factors exercise an … important influence on trade even after controlling for the arguments of the standard gravity model …

trade. Because there are reasons to anticipate a positive correlation between the predominant direction of trade flows in … these points by analyzing the evolution of trade between 1949 and 1964. We find that historical factors exercise an … important influence on trade even after controlling for the arguments of the standard gravity model …