Cultural proximity increases bilateral trade flows through a trade-cost and a bilateral-affinity (preferences) channel …-invariant, in a gravity model of bilateral trade, the time dimension of the ESC data allows to identify the preferences effect. The … find robust evidence for a sizable preferences effect, the impact of cultural proximity on trade runs largely through the …

World trade evolves at two margins. Where a bilateral trading relationship already exists it may increase through time … (intensive margin). But trade may also increase if a trading bilateral relationship is newly established between countries that … growth in manufacturing world trade along these two margins. We propose a "cornersolutions- version"of the gravity model to …

trade flows? Our econometric analysis suggests that Schengen has boosted trade by 3% on average (equivalent to a drop in … tariffs by 0.7 percentage points). Goods trade is more robustly affected than services, and peripheral countries benefit more …

Exploiting changes in the geography of economic integration in Europe, this paper uses detailed bilateral trade data … for 50 sectors to carry out an econometric ex post evaluation of the trade cost effects of the United Kingdom's various … particular, the EU's eastward enlargement or the EU-Korea trade agreement have lowered the UK's outward trade costs only …

Using a new, global data base covering the years 1950 to 2015, we study the impact of sanctions on international trade … but also widely heterogeneous across sanctioning countries. Moreover, they depend on the direction of trade. We also …

Bilateral trade balances often play an important role in the international trade policy debate. Academic economists … understand that they are misleading indicators of competitiveness and of the gains from trade. However, they also recognize their … (2002) argue that the canonical gravity model of trade fails when confronted with bilateral trade balances data, dubbing …

Using a new, global data base covering the years 1950 to 2015, we study the impact of sanctions on international trade … but also widely heterogeneous across sanctioning countries. Moreover, they depend on the direction of trade. We also …

integration on trade flows. We embed these estimates into a static Ricardian quantitative trade model featuring 43 countries and … 50 goods and services sectors. Paying attention to the role of non-tariff trade barriers and of intra- and international … value added networks, we simulate lower bounds to the trade, output, and welfare effects of different disintegration …

equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 … countries over the period 1980-2016, we find that the average impact of GATT/WTO membership on trade among member counties is … for non-member countries. We show that countries not experiencing positive trade effects from joining GATT/WTO can still …

equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 … countries over the period 1980-2016, we find that the average impact of GATT/WTO membership on trade among member counties is … for non-member countries. We show that countries not experiencing positive trade effects from joining GATT/WTO can still …