This paper examines home bias in U.S. domestic trade in 1949 and 2007. We use a unique data set of 1949 carload waybill statistics produced by the Interstate Commerce Commission, and 2007 Commodity Flow Survey data. The results show that home bias was considerably smaller in 1949 than in 2007...

The formation of regional production networks (RPNs) is one of the most important drivers of growth in East and Southeast Asia. In view of slowdown in growth and even recession in advanced economies as a result of the adverse impact of the global financial crisis of 2008 and the ongoing European...

Results from this study of three Andean countries cast doubt on the argument that countries may benefit from regional integration arrangements because of industry and cross-industry effects of scale. Unilateral liberalization might have a more positive impact on output growth, through the...

The study empirically examines the employment generation potentials of the African Continental Free Trade Area (AfCFTA) in Nigeria's industrial sector. The ARDL approach to cointegration and error correction modeling is employed for analysis of annual time series data covering the period...

Armington elasticities of substitution – AEs – are a crucial set of parameters that allows CGEMs applied to trade to be operational. In the case of Uruguay, no estimated values for these parameters have been available until now, forcing researchers to impose them arbitrarily. We here start...