In contrast to the logic that international trade leads to greater specialization and differentiation of products, cultural industries are often still protected from imports, in part, because of the worry that trade will lead instead to homogenization. Is this true for cultural goods and if so,...

To study the potentially distortionary impact of divergent corporate income tax rates on international trade flows, we use an augmented empirical specification of the gravity model. Incorporating a corporate income tax rate trade barrier measure into a modified gravity model, we capture the...

This paper evaluates the open regionalism approach using the case of Ecuador?s trade liberalization and integration to the Andean Community. In the open regionalism view, regional economic agreements are seen as intermediate steps towards integration with the world economy. In a dynamic view of...

We study the impact of country image on international trade flows. We find that a one percentage point increase in the positive response ratio -- the proportion of people in the importing country who view the exporting country positively -- is associated with at least a one percent increase in...

The aim of this study is ascertain the differential impacts trade and aid on the growth and development process of recipient nations. Much of the empirical testing in the past has been based on single equation models to probe separately the impact of either trade or aid on growth. This study...

The paper estimates and analyzes an equation for intermediate imports during the 1988-2006 post-liberalization period in Mexico. While some results are obtained from Johansen’s VECM model, most of the analysis is carried out within an Error-Correction ARDL framework, following the bounds...

This paper examines the effects of output volatility on global sustainability in a dynamic panel data model allowing for error cross section dependence. It finds that output volatility impedes the process of sustainable development. It further suggests that output volatility exerts a significant...

The creation of the WTO in 1995 has brought GATT Article X (and other procedural provisions) and Article XX to the forefront of WTO jurisprudence. The provisions of the WTO Agreements reflect the reality of the administrative state and with it the recognition that categories of regulation (such...

The aim of the study is to analyze the effect of external trade on food security in CEMAC countries during the period 1961-2017. In the early years of the independences, these countries have adopted a development model based on commodity production for export to industrialized economies. Foreign...

This paper estimates the effect on international trade of multilateral trade agreements: the World Trade Organization (WTO), its predecessor the Generalized Agreement on Tariffs and Trade (GATT), and the Generalized System of Preferences (GSP) extended from rich countries to developing...