This paper studies the effects of hosting Olympic Games on the regional economy in the short and long run. For identification, runners-up in the Olympic bidding process are used to construct the counterfactual for Olympic host regions. In the short run, hosting Summer Olympics boosts regional...

This paper is concerned with rules of origin when intermediate goods aredifferentiated. An analytical model emphasizes trade patterns and the relativeimportance of trade in intermediates given trade preferences. Econometric evidencebased on intra-OECD trade in motor vehicles and motor vehicle...

Regional trade agreements (RTAs) provide countries with many benefits. The multilateral trading system also receives these benefits, as successive and overlapping RTAs are the building blocks for the most viable and realistic path to global free trade. Nonetheless, the spread of criss-crossing...