The globalization triggers macro-regionalization, which, in its turn, generates micro-regionalization - the EU being a good example of both. Second, in virtually all scenarios of geopolitical future the recurrent theme is regionalism, which comes in various "shapes and sizes." That is why maybe...

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...