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Revisiting the potential impact to the rest of the Caribbean from opening US-Cuba tourism
Acevedo, Sebastian; Alleyne, Trevor; Romeu, Rafael - 2017
The Cuban revolution and the subsequent US embargo on Cuba helped shape the tourism sector in the Caribbean … towards a change in US travel policy to Cuba is understandable, but likely unwarranted. The history of tourism in the region … that liberalizing US-Cuba tourism could result in US arrivals to Cuba of between 3 and 5.6 million, most of it coming from …
Persistent link: https://www.econbiz.de/10011704403
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Vacation Over : Implications for the Caribbean of Opening U.S.-Cuba Tourism
Romeu, Rafael - 2008
An opening of Cuba to U.S. tourism would represent a seismic shift in the Caribbean's tourism industry. This study … results show that a hypothetical liberalization of Cuba-U.S. tourism would increase long-term regional arrivals. Neighboring … destinations would lose the implicit protection the current restriction affords them, and Cuba would gain market share, but this …
Persistent link: https://www.econbiz.de/10014409021
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Brexit and the impact of gradual economic integration on export
Teulings, Rutger - 2017
I develop an index for economic integration accounting for its gradual and bilateral nature: the Gradual And Bilateral Integration (GABI) index. The graduality captures differences in the depth and path of five stages in economic integration and is an improvement over the use of binary dummy...
Persistent link: https://www.econbiz.de/10011699523
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Economic integration and network trade : a comparison of East Asia and the European Union
Son Thanh Nguyen; Wu, Yanrui - 2019
The emergence of production networks has changed the structure of international trade, which a large share of intra-regional trade flows and the rising value of intermediate goods trade or network trade between countries within the same region reflect. While a production network exists in both...
Persistent link: https://www.econbiz.de/10012137062
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The impact of the EAEU-Iran preferential trade agreement
Adarov, Amat; Ghodsi, Mahdi - 2020
The preferential trade agreement between the Eurasian Economic Union (EAEU) and Iran on mutual trade entered into force in October 2019. In this report we estimate its expected impact at aggregate and sectoral levels using the gravity model of trade based on the global sample of bilateral trade...
Persistent link: https://www.econbiz.de/10012213760
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Heterogeneous economic integration agreement effects
Baier, Scott L.; Bergstrand, Jeffrey H.; Clance, Matthew W. - 2015
Gravity equations have been used for more than 50 years to estimate ex post the partial effects of trade costs on international trade flows, and the well-known - and traditionally presumed exogenous - "trade-cost elasticity" plays a central role in computing general equilibrium trade-flow and...
Persistent link: https://www.econbiz.de/10011309578
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Fulfilling the promises of South Asian integration : a gravity estimation
Moinuddin, Mustafa - 2013
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/10009725095
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On the widely differing effects of free trade agreements : lessons from twenty years of trade integration
Baier, Scott L.; Yotov, Yoto V.; Zylkin, Thomas - 2016
We develop a novel two-stage methodology that allows us to study the empirical determinants of the ex post effects of past free trade agreements (FTAs) as well as obtain ex ante predictions for the effects of future FTAs. We first identify 908 unique estimates of the effects of FTAs on different...
Persistent link: https://www.econbiz.de/10011560677
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Reduced 'Border Effects', FTAs and International Trade
Franco, Sebastian - 2018
This paper studies the role of reduced barriers to international trade from two dimensions: (i) the implementation of Free Trade Agreements and (ii) declining "border effects". Our empirical estimates suggest that diminished border effects accounts for the bulk of the increase in international...
Persistent link: https://www.econbiz.de/10012909797
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The Not-so-Generalized Effects of the Generalized System of Preferences
Ornelas, Emanuel - 2019
We use an empirical gravity equation approach to study how nonreciprocal trade preferences (NRTPs), enacted mainly through the Generalized System of Preferences, affect the exports of the beneficiary nations. In line with existing studies, the average trade effect stemming from nonreciprocal...
Persistent link: https://www.econbiz.de/10012892267