Trade economists traditionally study the effect of lower variable trade costs. While increasingly important politically, technical barriers to trade (TBTs) have received less attention. Viewing TBTs as fixed regulatory costs related to the entry into export markets, we use a model with...

A unilateral tax on CO2 emissions may drive up indirect carbon imports from non-committed countries, leading to carbon leakage. Using a gravity model of carbon trade, we analyze the effect of the Kyoto Protocol on the carbon content of bilateral trade. We construct a novel data set of CO2...

This paper argues that the empirical trade-growth relationship should be modelled using a dynamic panel data approach and that it is best estimated with Blundell and Bond's (1999) system-GMM estimator. This procedure remedies some econometric problems such as regressor endogeneity, measurement...

Afrika ist ein Kontinent mit immensen Zukunftschancen, steht aber großen Herausforderungen gegenüber. Das Wirtschaftswachstum der vergangenen Jahre war vielerorts hoch, die Bevölkerung wird sich bis 2050 verdoppeln, aber die Pro-Kopf-Einkommen sind immer noch sehr niedrig. Das wirtschaftliche...

The currently negotiated Transatlantic Trade and Investment Partnership between the EU and the United States of America will most likely affect countries, such as Norway which have close ties to the European production networks. Based on a CGE model, developed at the ifo institute, we...

Das am 26. März 1995 in Kraft gesetzte Schengener Abkommen hat einen Europäischen Binnenraum der Personenfreizügigkeit geschaffen und damit ein beispielloses kontinentales Integrationsziel erreicht. Die Bedrohung durch globalen Terrorismus sowie ein starker Anstieg der Flüchtlingszahlen in...

Recent disruptions to global value chains (GVCs) have raised an important question: Can decoupling from GVCs increase a country’s welfare by reducing its exposure to foreign supply shocks? We use a quantitative trade model to simulate GVCs decoupling, defined as increased barriers to global...