The paper calculates the decline in costs involving merchandise trade between the People's Republic of China (PRC) and India during the period 1980-2008. The gravity-based measure of bilateral trade costs indicates that declining trade costs account for about three-quarters of the increase in...

This paper analyzes why the global financial crisis in 2008 severely affected Asia's trade. Asia has been suffering from the falls in export demand from developed countries. However the abrupt trade declines in Asia are not fully explained by reactions to this as in previous experiences. The...

This paper calculates the decline in costs involving merchandise trade between the People's Republic of China (PRC) and India during the period 1980-2008. Drawing from the recent literature, a comprehensive measure of trade costs is derived from a theory-founded gravity model of international...

We derive a Frankel-Romer instrument from a global trade matrix of 157 countries over the period 1990-2007, and deploy it to assess the relationship between international trade, domestic market potential and income for the case of developing Asia, compared to the world average. The findings from...

While some exporters to the world markets for goods may be hurt by a cheaper yen, others will benefit from lower input costs, to the extent that they source parts and components from Japan for processing, assembly and reexport. This paper formalizes these intuitions and tests them against data...

The book reviews the legal and economic framework governing international trade in tobacco. It assesses the export potential of a select group of developing countries through an analysis of their production structures and manufacturing capacities. Further, it analyzes countries' support of their...