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Geography, economic size, or common history, help predicting signed regional trade agreements (RTAs). However, not all signed RTAs are "natural" according to economic determinants. En-dogeneity and general equilibrium effects of RTAS are the two mechanisms addressed in this paper. We estimate...
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"In the existing reports on national competitiveness and rankings such as IMD World Competitiveness Yearbook and WEF … findings into real-world policies. These discrepancies are actually due to the differences in logic and analytical models used … well as offers a number of key policy implications for countries around the world that wish to enhance their national …
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We develop a new theoretical framework of trade agreement (TA) formation, called a "parallel contest", that emphasizes the political fight over TA ratification within countries. TA ratification is inherently uncertain in each country, where anti- and pro-trade interest groups contest each other...
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