externalities in the presence of a preferential trade agreement (PTA) in a three-country world. In particular, we examine how a PTA … the several forms of PTAs, we focus on free trade areas (FTAs), where each member country chooses its external tariffs … independently. We build a three-country oligopolistic trade model by incorporating the endogenous determination of standards by …

LMU Munich in February 2019. It consists of four selfcontained chapters that empirically investigate different trade … dampening phenomena using gravity analysis. The first two chapters examine the effects of anti-dumping duties on trade …, addressing endogeneity concerns linked to trade policy. In particular, Chapter 1 exploits the EU enlargement of 2004 as a natural …

Trade and investment can be effective means of implementation of the 2030 Sustainable Development Agenda. However …, stand-alone trade and investment liberalization policies aimed at enhancing economic development may have negative side …-effects on non-economic facets of sustainable development. As such, they are best to be accompanied by trade facilitation …

This paper focuses on two distinct facets of globalization: the decrease in the trade costs of goods and the decline of …

Much potential for trade liberalization exists in industries and markets with trade barriers that are prohibitive for … all or many firms. In standard political economic theories of trade policy, observed prohibitive barriers must be globally … optimal according to static government preferences, leaving no possibility for a trade agreement. This paper shows that for …

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 welfare effects of trade-cost changes. This paper addresses theoretically …

leads to free trade agreements with key external partners. Every ASEAN member will share in these benefits. There will be … mild trade and investment diversion effects, but the world as a whole will benefit from the AEC. Nevertheless, the AEC …

global income gains of $295 billion (including $78 billion for the United States) and offers a pathway to free trade in the …