China occupies a unique position among developing countries. Its success in achieving relative stability in the financial sector since the institution of reforms in 1979 has given way to relative instability since the beginning of the current global financial crisis. Over the last few years,...

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...

Standard new trade models depict producers as heterogeneous in total factor productivity. In this paper, I adapt the Eaton and Kortum (2002) model of international trade to incorporate tradable intermediate goods and producer heterogeneity in value-added productivity. In equilibrium, this yields...

India-Africa trade has gathered pace over the past few years characterized by a remarkable rise in Africa's exports to India. Interestingly, India's exports and imports of products belonging to minority sectors (low share in total exports) exhibit dramatic growth in the recent years than the...

This paper explores the importance of international trade in generating both immediate economic benefits and broader benefits of peace. We discuss the theoretical foundations of international trade as a source of economic and non-economic benefits that foster peace. Next, we review the empirical...

One goal of China's Go Out policy is to create goodwill in countries around the world. At the same time, China's growing economic engagement has provoked much criticism. This paper is the first to study whether these activities change the attitudes of individuals in developing countries towards...

Trade asymmetry is a well-known fact and there are extensive reports and literature about the causes for those asymmetries. There is also a recognised effort made by trade statisticians to mitigate trade asymmetry over time. Notwithstanding the positive achievements that have been made so far,...

The recent literature on the duration of trade has predominantly analyzed the determinants of trade flow durations using Cox proportional hazards models. The purpose of this paper is to show why it is inappropriate to analyze the duration of trade with continuous-time models such as the Cox...

Using a novel common econometric specification, we examine the measurement of three important effects in international trade that historically have been addressed largely separately: the (partial) effects on trade of economic integration agreements, national borders, and bilateral distance....