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This paper contributes to two strands of literature on empirical models of trade flows and trade policy. The first and the older strand is that of gravity models of bilateral trade flows going back to Hans Linneman (1966) and Tinbergen (1962) and its recent applications, particularly by Adams et...
Persistent link: https://www.econbiz.de/10011807638
The 2003 reforms of the Common Agricultural policy of the European Union introduced decoupled income transfers as the most prominent policy instrument. However, member states were given substantial discretion over the degree and timing of the reform implementation. As a result, different...
Persistent link: https://www.econbiz.de/10010303892
Advocates of antidumping (AD) laws downplay their effects by arguing that the trade flows that are subject to AD are small and their distortions negligible. This paper is the first to counter that notion by quantifying the worldwide effect of AD laws on aggregate trade flows. The recent...
Persistent link: https://www.econbiz.de/10010313293
policies. This finding is very stable and does not depend on a particular set-up or estimation technique. …
Persistent link: https://www.econbiz.de/10010277794
This paper aims to determine the role of EU in Turkey's trade flows by using the gravity model. It also aims to test whether the Customs Union (of EU) that Turkey entered in 1996 made a deviation in Turkey's trade flows. Regional trade agreements on the one hand create new trade opportunities...
Persistent link: https://www.econbiz.de/10011807192
This paper deals with the quantification of GMO regulations on bilateral trade flows. A composite index of the complexity of such regulations for sixty countries as well as an objective score for six GMO regulatory sub-dimensions has been developed. Using a gravity model, we show how bilateral...
Persistent link: https://www.econbiz.de/10010313274
In all the regions of the contemporary world - including Asia - there is a growing trend in market consolidation through regional collaboration in the form of bilateral and regional trade agreements. Regional cooperation and integration can facilitate the way for expanding markets and creating...
Persistent link: https://www.econbiz.de/10010397235
In this paper we examine the changing nature of Japan's commercial policy over the last 25 years while reviewing Japan …'s changing structure of trade, FDI and economy that underlay policy changes. We argue that until the late 1990s Japan adopted a … Japan-US bilateralism sometimes resulted in managed trade and encountered negative perceptions of the US approach in Japan …
Persistent link: https://www.econbiz.de/10010286126
We estimate the effect of RTAs on bilateral exports by means of a gravity model analyzing its sensitivity to different specifications and methods. RTAs generate a sizable positive effect. However, shifting to country-pair and time-varying fixed effects systematically reduces coefficients....
Persistent link: https://www.econbiz.de/10014486118
The purpose of this paper is to inform the contemporary policy debate on promoting trade among developing countries (South–South trade) by analyzing trade patterns of developing Asian economies from a comparative global perspective. The paper begins with a stage-setting historical overview of...
Persistent link: https://www.econbiz.de/10010507317