Several studies have analyzed the trade and output effects of the Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union, but our paper is the first attempt to study its welfare effects. We measure the welfare effect of TTIP as the percentage of...

Several studies have analyzed the trade and output effects of the Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union, but our paper is the first attempt to study its welfare effects. We measure the welfare effect of TTIP as the percentage of...

Preferential trade agreements (PTAs), of which TTIP is but a recent incarnation, are not as "preferential" as they used to be. Traditional PTAs mainly exchanged "club goods", that is, goods or tariff concessions that are "non-rivalrous" (use by one does not diminish availability to others) but...

In the European Union of these days there seem to be a widespread and growing anti-free trade sentiment in some parts of the population. The arguments used against free trade are often presented as legal ones, as the recent experience with several agreements negotiated by the European Union...

We nest an extended two-way fixed effect (ETWFE) estimator for staggered difference-in-differences within the structural gravity model. To test the ETWFE, we estimate the effects of regional trade agreements (RTAs). The results suggest that RTA estimates in the current gravity literature may be...