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rate decreases import flow in a low growth market. The Markov Switching Probability Estimation notes that Thailand …
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Over the last 20 years the trade literature repeatedly documented the trade-reducing effects of inter- and intra-national borders. Thereby, the puzzling size and persistence of observed border effects from the beginning raised doubts on the role of underlying political borders. However, when...
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The Japan-Philippines Economic Partnership Agreement transcends conventional bilateral trade agreements as it contains measures to facilitate cooperation and investment in capital, technology, and people. Liberalization aims to facilitate trade between the two economies by eliminating...
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This paper identifies a "border" effect in the absence of a border. The finding that trade between East- and West-Japan is 23.1 to 51.3 percent lower than trade within both country parts, is established despite the absence of an obvious east-west division due to historical borders, cultural...
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