After a long debate on wine import tariffs, the Italian Parliament failed to ratify the Spanish- Italian trade agreement on December 17th, 1905. This decision - an unusual episode for a country with relatively low level of protection - left Spain and Italy without a bilateral trade treaty for an...

Después de un largo debate sobre los aranceles a la importación de vino, el 17 de diciembre de 1905 el Parlamento italiano no ratificó el acuerdo comercial entre España e Italia. Esta decisión, un episodio inusual para un país con un nivel relativamente bajo de protección, dejó a España...

En este estudio analizamos el acuerdo comercial entre la Unión Europea (UE) y el Mercado Común del Sur (Mercosur), y predecimos sus efectos sobre el comercio y el bienestar utilizando un modelo de gravedad estructural de equilibrio general. En un primer paso, estimamos el incremento en los...

Artículo de revista ; On 20 December 2020 the European Union (EU) and the United Kingdom (UK) signed a Trade and Cooperation Agreement (TCA) setting the terms on which trade relations between both areas will be based. This article describes the essential points of the agreement, in both the...

Artículo de revista ; In 2019 the European Union (EU) and the Latin American countries that make up the Common Market of the South (Mercosur) reached a political agreement to sign, ratify and implement a trade agreement between the two blocs. This agreement is expected to bring trade and...

This paper asks how NAFTA affected income distribution within Mexico considering changes in internalmigration. Trade liberalization should theoretically increase the income of low-skilled workers in low-skilled labor-abundantdeveloping countries. Thus, by increasing the wages of poorer workers,...

The U.S. Renewable Fuel Standard program (RFS), which involves mandates for variousbiofuels, is complex and has been often misinterpreted or oversimplified in previous studies.In this paper we analyze the implications of the RFS for the U.S. domestic and international ethanol markets. We...

This study analyzes the sensitivity of trade flows to trade barriers from gravity equations, using different econometric techniques recently highlighted in the literature. Specifically, we compare a benchmark OLS fixed effects specification a la Feenstra (2002) with three emerging estimation...

Colombia negotiated bilateral Trade Agreements (TAs) with the UnitedStates and with the MERCOSUR region (Argentina, Brazil, Paraguay, andUruguay). Colombian cattle and beef interest groups argue that TAshurt the local beef supply chain. We employ a partial equilibriumframework to assess the...

O comércio internacional é marcado pelo elevado nível de protecionismo, contrariando o teorema das vantagens comparativas. A agricultura é o setor mais atingido, devido à existência, além de elevadas tarifas, de outros mecanismos de proteção comercial que fortalecem ainda mais as...