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Using a novel common econometric specification, we examine the measurement of three important effects in international trade that historically have been addressed largely separately: the (partial) effects on trade of economic integration agreements, national borders, and bilateral distance....
Persistent link: https://www.econbiz.de/10010212649
Gravity equations have been used for more than 50 years to estimate ex post the partial effects of trade costs on international trade flows, and the well-known - and traditionally presumed exogenous - "trade-cost elasticity" plays a central role in computing general equilibrium trade-flow and...
Persistent link: https://www.econbiz.de/10011309578
Three years ago, very few economists would have imagined that one of the newest and fastest growing research areas in international trade is the use of quantitative trade models to estimate the economic welfare losses from dissolutions of major countries' economic integration agreements (EIAs)....
Persistent link: https://www.econbiz.de/10012026353
. With China now having formed 12 FTAs and negotiating five new ones (including a sixteen member Asia-Pacific FTA), the …
Persistent link: https://www.econbiz.de/10011764996
Using a novel common econometric specification, we examine the measurement of three important effects in international trade that historically have been addressed largely separately: the (partial) effects on trade of economic integration agreements, national borders, and bilateral distance....
Persistent link: https://www.econbiz.de/10013315671
This paper examines how EU Technical Barriers to Trade (TBTs) reshape firms’ global supply chains, extending Grossman et al. (2024) to incorporate adaptation costs between sourcing partners. To test the model’s predictions, we construct a novel dataset linking EU TBTs to French firm-level...
Persistent link: https://www.econbiz.de/10015394143
We investigate the effect of economic integration agreements on the stability of international trade at the 4 digit SITC level. Using annual trade data for over 180 countries from 1962 to 2005 we examine how economic integration agreements affect the length of trade relationships, the volume at...
Persistent link: https://www.econbiz.de/10010338951
This paper tests the hypothesis that overlapping and competing regional trade blocs undermine trade in Africa. Using the proposed merger of three trade blocs in the Eastern and Southern Africa region into a Free Trade Area and estimating gravity equations of bilateral trade flows, the hypothesis...
Persistent link: https://www.econbiz.de/10014163932
This paper evaluates the extent to which the establishment of the Andean Free Trade Zone (AFTZ) has led to trade creation, as promised by open regionalism, or to trade diversion. The analysis of ex post income elasticities of import demand before (1980-1993) and after (1993-2000) the...
Persistent link: https://www.econbiz.de/10014027561
This article evaluates the extent to which the establishment of the Andean Free Trade Zone (AFTZ) has led to an improvement of intra-regional trade, as promised by open regionalism, without reducing extra-regional trade. Open regionalism is a dynamic process in which economic agreements serve as...
Persistent link: https://www.econbiz.de/10014027562