of trade integration for the similarity of business cycles are less robust and thus less important for the transmission …

estimator. Results indicate that the trade channel is not as important as cross-section models suggest but that FDI may have the …

The gravity model of trade is used to assess the economic consequences of new borders, which arose in the wake of break …-ups of multinational federations in Eastern Europe. The intensity of trade relations among the constituent parts of … Czechoslovakia, Soviet Union and the Baltics was very high around the time of disintegration, exceeding the normal level of trade …

The gravity model of trade is utilized to assess the impact of disintegration on trade. The analysis is based on three … strong home bias around the time of disintegration, with intra-union trade exceeding normal trade approximately 43 times in … fall in trade intensity. Nevertheless, there is a considerable hysteresis in economic relations, with trade flows among the …

A view receiving increased support is that the height of trade costs in prime export sectorshas a strong effect on … current account balances: countries specializing in sectors that facerelatively high trade costs, such as services, tend to … run current account deficits, andsimilarly, countries specializing in low trade cost sectors, such as manufacturing, tend …

was offset by the concurrent appreciation of the US dollar and trace the source of the appreciation back to US trade … policy itself. The dollar response to trade policy uncertainty (TPU) is key to assessing the overall impact of trade policies … featuring financial frictions, which accounts for uncertainty regarding future trade policy. In the model, an increase in TPU …

exchange rate (REER), on the one hand, and trade openness, trade balance, the terms of trade, factor productivity, and exchange … parameters of interest. The findings of the study strongly support the hypothesis that an increase in trade openness produces a … depreciation of the REER. The other variables considered in the analysis-factor productivity, trade balance, terms of trade, and …