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This paper proposes a new panel data structural gravity approach for estimating the trade and welfare effects of Brexit. The suggested Constrained Poisson Pseudo Maximum Likelihood Estimator exhibits some useful properties for trade policy analysis and allows to obtain estimates and confidence...
Persistent link: https://www.econbiz.de/10012926575
This work deals with the question whether an 'EU model' contributing to the development of international investment law may be envisaged. The new competence on FDI conferred to the EU under the Treaty of Lisbon, especially if it is considered in the context of the quot;new regionalismquot;...
Persistent link: https://www.econbiz.de/10012723857
presents, the main theoretical assumptions of the free movement of goods, based on subsequent economic integration stages …
Persistent link: https://www.econbiz.de/10012910458
In this paper we present new evidence on the aggregate effect of the euro on trade using data for 26 OECD countries for the period 1967–2008. We strive to fill the gaps present in the previous literature through a second-generation panel cointegration tests and estimators that account for both...
Persistent link: https://www.econbiz.de/10012890063
In this paper we analyse the effect that the euro has had on trade using a gravity model for 28 countries and covering the period 1990–2013. Our gravity specification includes time-varying fixed effects, correcting any possible bias that may arise from multilateral resistance variables or...
Persistent link: https://www.econbiz.de/10012891707
Theories of economic integration refer to the benefits of creating a free trade area (trade creation effect, the effect … integration agreements only to the issues of foreign trade. The paper states that economic ties create added value in the form of …-called European Added Value is the financing of non-agricultural measures from the CAP. Integration agreements may, however, also …
Persistent link: https://www.econbiz.de/10012895701
Romanian version is available at: 'https://ssrn.com/abstract=3110875' https://ssrn.com/abstract=3110875This paper investigates the Eurozone current account sustainability by using unit root tests and cointegration techniques. The results indicate there is no cointegration between the credit and...
Persistent link: https://www.econbiz.de/10012940283
On December 11, 2016, Article 15 (a)(ii) of China's Accession Protocol to the WTO will expire. The expiration of this provision terminates the right of WTO members' to calculate anti-dumping duties against China on the basis of methodologies that “are not based on a strict comparison with...
Persistent link: https://www.econbiz.de/10012979201
The rapid increase in intra-industry trade (IIT) between the EU15 and Central, Eastern and South-Eastern European (CESEE) countries after the collapse of the Soviet Union indicates a structural change in the nature of trade in CESEE and a new process of transition and real convergence to the EU....
Persistent link: https://www.econbiz.de/10013049577