-parametric formulas, we measure how trade modifies the deadweight loss of markups through two channels: (1) trade-induced change in markup … zero-sum welfare effects similar to implicit tariffs that tilt the terms of trade in favor of countries exporting high … compile new data on global profit ownership. Our findings reveal that trade has greatly reshaped the global incidence of …

multilateral and preferential trade agreements. We consider models that explain this type of flexibility based on economic … efficiency, political economy shocks, and self-enforcement concerns, with an emphasis on the recent literature that views trade …

Trade liberalization has proceeded on the assumption that eventual aggregate welfare gains will exceed the losses … problem, the direct beneficiaries from trade liberalization need to pay more than they do now. This essay proposes to … trade passport” to receive the excludable benefits that a free trade agreement provides. This would change the political …

liberalize agricultural trade, and the lack of progress in the ongoing negotiations of the Doha Round, Under these conditions … of intra-regional trade, Latin American countries will have to negotiate with greater firmness than in the past …

This paper provides practical techniques to policymakers for evaluating the potential economic effects of a Free Trade … Agreement (FTA). To this end, the paper discusses how to apply three methods: (i) trade indicators, (ii) SMART (Software for … Market Analysis and Restrictions on Trade) in WITS (World Integrated Trade Solutions), and (iii) the GTAP (Global Trade …