WTO-led trade liberalisation in environmental services is often seen as having considerable potential for generating 'win-win' outcomes for the economy and the environment. Despite this, progress in liberalising environmental services within the GATS framework has been limited. This paper argues...

Summary This paper aims at assessing the effects on the Jordanian economy of the Association Agreement (AA) between Jordan and the European Union (EU). Particular emphasis is placed on the effects on consumer welfare. The EU-Jordan AA was signed in 1997 and entered into force in May 2002. It...

Two-country applications of equilibrium business cycle methodology have succeeded in matching some key features of international fluctuations. However, discrepancies between theory and data remain. This paper identifies an anomaly related to a basic property of typical models: The prediction of...

The LINKAGE model of the global economy and the latest Global Trade Analysis Project (GTAP) database (version 6.05) are used to examine the impact of current merchandise trade barriers and agricultural subsidies and possible reform outcomes of the World Trade Organization’s (WTO’s) Doha...

The way out of the quagmire, he argued, was for econometricians to explore larger regions of "specification space," systematically analyzing the relationship between assumptions and conclusions. Their evidence: the statistical significance in crosscountry panel growth regressions of an...

The Structural Determinants of External Vulnerability Norman V. Loayza and Claudio Raddatz This article examines empirically how domestic structural characteristics related to openness and product- and factor-market flexibility influence the impact of terms of trade shocks on aggregate output....

Many trade negotiations involve large cuts in high tariffs, while allowing smaller cuts for an agreed share of politically sensitive products. The effects of these flexibilities on market access opportunities are difficult to predict, creating particular problems for developing countries in...

A unilateral trade reform generates two opposite effects: market access expansion and strengthening of competitive pressures in the liberalized market. Using detailed trade and firm-level data from France, we investigate how French firms' product scope and export sales changed after Chinese...

The purpose of this article is twofold: (1) to rekindle old debates surrounding the efficacy of craft unionism (as opposed industrial unionism) in the age of globalization in order to provide insight into recent contentions by the Airline Mechanics Fraternal Association (AMFA) regarding the...