In theoretical trade models with variable markups and collective wage bargaining, export exposure may reduce the …

Transaction costs are a major reason why international trade flows are much smaller than traditional trade theory would … suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of … this paper shows that more trust leads to more trade so that part of the mystery of missing trade can be attributed to the …

We empirically investigate the responsiveness of international trade to the stringency of environmental regulation … equilibrium model of trade and pollution nesting the pollution haven motive for trade with the factor endowment motive. We analyze … show that trade patterns in ‘dirty’ commodities are jointly determined by relative factor endowments and environmental …

This paper studies the intangible costs of international trade by extending the basic gravity equation with measures of … cultural and institutional distance, and institutional quality. Analyzing a sample of bilateral trade flows between 92 … countries in 1999, we find that institutional distance has a negative effect on bilateral trade, presumably because the …

The paper demonstrates how trade between developing countries can cause the divergence of long-run growth among these … trade occurs at any moment if the countries have different numbers of intermediate varieties. The country with a larger … number produces more manufactured goods than the other country does. In the bilateral trade the advanced country exports …

We empirically analyse the response of US manufacturing labour market variables to various shocks, notably to trade … factors (a sector-specific measure of trade openness, along with common technology and oil price shocks), specific measures of … manufacturing-wide variables are included for each sector. Generalised impulse responses indicate that increased trade openness …

The literature has paid very little attention to a potential positive endogenous nexus between trade globalization and … the gravity trade theory, using data from a sample of 134 IMF countries over the pe- riod 1974-1998. An extensive search … shows that trade globalization dampens political liberalization, though political liberalization fosters trade globalization …

This short essay discusses the costs of terrorism on international trade. While there is little disagreement that …; they use a broad range of methods. However, when examining (and quantifying) the effects of terrorism on trade, a broad … varying research designs consistently find a significant negative relationship between terrorism and international trade. …

the causal connection between lack of exposure to commercial trade and proclivity to sudden stops. On the theoretical … front, I show how exposure to trade raises the creditworthiness of countries and reduces the probability of sudden stops. In … debt is more attractive. Therefore, conditional on the amount that lenders are willing to loan, decreased exposure to trade …

This paper aims to identify the bilateral trade possibilities and non-tariff barriers between India and Pakistan. The … study shows that there is a large untapped trade potential between the two countries. Using the potential trade approach … categories, namely, quantitative restrictions, trade facilitation and customs procedures, technical barriers to trade and …