This study examines the home bias in trade in goods and services within the European Union. Using the newest release of the World Input Output database, available for the years 2000-2014, the effect is estimated using gravity regressions. The trade-reducing effect of borders is found to be...

'Gainful trade: a new economics' explains why and how economics may be rebuilt from scratch to allow the occurence of gainful trade. It uses a new concept of consistency of social choice and a new analytical tool called consistency analysis to build a unified model of economics. It answers all...

This paper analyzes the possible a customs union between and the European Union. The GTAP multi-country simulation model of Purdue University's Center for Global Trade Analysis is applied. The welfare measure evaluated is the change in equivalent variation (EV). As all incomes in the model...

Although trade liberalization is being actively promoted as a key component in development strategies, theoretically, the impact of trade openness on poverty reduction is ambiguous. On the one hand, a more liberalized trade regime is argued to change relative factor prices in favor of the more...

Actualmente casi todos los envíos internacionales necesitan emplear más de un tipo de transporte desde su punto de origen hasta su destino final. Cada uno de los tipos mundiales de transporte de carga y pasajeros ha desempeñado un papel esencial en la facilitación de la diversificación...

Study is focused on mutual relations between FDI and foreign trade in economies going through systemic transformation after 1989. Its aim is to indicate: (1) how big were the streams of FDI inflows and outflows; (2) what were the institutional arrangements for liberalization of FDI and trade; (3)...

Although trade liberalization is being actively promoted as a key component in development strategies, theoretically, the impact of trade openness on poverty reduction is ambiguous. On the one hand, a more liberalized trade regime is argued to change relative factor prices in favor of the more...

Currently most of international shipments need to use more than one type of transportation from its point of origin to final destination. Each one of the types of global transport has played an essential role in facilitating geographic diversification. In this paper we evaluate, through...

This paper provides a historical look at how the multilateral trading system has coped with the challenge of shocks and shifts. By shocks we mean sudden jolts to the world economy in the form of financial crises and deep recessions, or wars and political conflicts. By shifts we mean slow-moving,...

In her paper, Sylvia Ostry argues that if China had joined the GATT, the negotiations would have been far easier since market access under GATT was mainly about border barriers. But since the Uruguay Round the concept of market access has been extended to include not only domestic regulatory...