Quantifying the welfare effects of trade liberalization is a core issue in international trade. Existing frameworks … quantitative trade framework which explicitly models labor market frictions. To illustrate, we assess the effects of trade and … labor market reforms for 28 OECD countries. Welfare effects of trade agreements are magnified when accounting for employment …

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 the start of new trade relationships, and how quickly trade grows …

The number of bilateral and multilateral trade agreements has surged in recent years. In order to benefit from … preferential trade agreement. Our findings highlight that both savings potential and trade volume positively affect utilization …. Furthermore, the product mix that two countries trade has substantial predictive power for the overall utilization rate. …

In the 2000s, China's WTO entry constituted a major trade shock. In this paper, we analyze its eff ects on trade and … trade contains this information. We build a multi-sector gravity model of the Eaton and Kortum (2002) type with inter …-sectoral linkages that gives rise to a gravity equation for value added trade flows. As in Koopman et al. (forthcoming), exports can be …

Most applied work in international economics treats trade policy (a) as a linear component of trade costs and (b) as an …-parametric effects of trade policy using a propensity score method to account for the endogeneity bias of trade policy. The findings …. Overall, trade policy changes seem to be effective only for low- and medium-tariff trade flows. In general equilibrium …

This paper makes two contributions to the literature on the impact of trade on income. First, we use heterogeneous … trade on income for 81 developed and developing countries, both for the sample as a whole and for each individual country …. Second, we use a general-to-specific variable selection approach to identify important determinants of the effect of trade on …