Theoretical and empirical research in economics suggests that bilateral migration triggers bilateral trade through a number of channels. This paper assesses the functional form of the impact of migration on trade flows in a quasi-experimental setting. We provide evidence that the relationship is...

Carbon tariff has been widely studied as a prominent climate policy in terms of its influences on the economy and the environment. However, previous studies of its effectiveness did not incorporate into the analysis of some key factors, including, notably, trade elasticities. This paper aims at...

Using a detailed calibrated general equilibrium model, we evaluate the effects of greater cooperation or confrontation in bilateral trade relations between the U.S. and Japan. Our numerical results indicate that, if a trade war between the two were precipitated, the U.S. would eventually benefit...