and debt-financing further shows that low interest rates facilitate a property carry trade and increase house prices and …

This paper explores the quantitative consequences of transatlantic trade liberalization envisioned in a Transatlantic … Trade and Investment Partnership (TTIP) between the United States and the European Union. Our key innovation is to develop a … new quantitative spatial trade model and to use an associated technique which is extraordinarily parsimonious and tightly …

externalities in the presence of a preferential trade agreement (PTA) in a three-country world. In particular, we examine how a PTA … the several forms of PTAs, we focus on free trade areas (FTAs), where each member country chooses its external tariffs … independently. We build a three-country oligopolistic trade model by incorporating the endogenous determination of standards by …

This paper is to analyze the effect of trade openness on regional inequality of South Korea. Trade has been the driving … force of Korea's economic growth since the 1960's and it still expands its trade openness through active participation on … bilateral and multilateral free trade agreements. In regard to this, this study measures the impact of Korea's trade openness on …

The present paper studies the modelling of inter-regional trade flows in the newly developed general equilibrium model … of European Commission, Rhomolo. In contrast to international trade, usually, trade of goods and services between regions … is not recorded statistically. As a result, no statistical data exists for inter-regional trade, which could be readily …