We consider a small open economy that faces a commitment problem in trade liberalization. We examine how the relationship with a large trading partner affects the ability of the small countrys government to sustain free trade through a reputational mechanism. If the small country's government is...

Sovyetler Birligi’nin cözülmesinden sonra Orta Asya cografyasinda yeni olusan devletlerin ekonomik yetersizliklerinden dolayi, o bölgedeki ilk bütünlesme cabalarinin zayif kaldigi görülmüstür. Özellikle iki büyük güc olan Rusya ve Cin, ikili iliskilerini düzeltme girisimlerini...

The risk of default that business firms face is very significant and differs widely across countries. This paper explores the links between countries' business conditions and international trade embedment and the default risk at the country level from a theoretical point of view. Our main...

The trade policy is one of the main pillars of the EU's relations with the rest of the world. More importantly, the implementation of a common commercial policy was part of the original plan of intergovernmental economic integration which is the origin of the European Union. The common...

The paper examines the economic implications of Belarus' participation in the newly created EURASEC Customs Union. The results of the calculations show that after the introduction of a common external tariff (CET) the level of tariff protection in Belarus has not increased noticeably. The...

This paper examines empirically the effects of the WTO and RTA membership on the extensive and the intensive margins of trade. Using disaggregated data for a sample of 177 countries, the main findings of this paper are that WTO membership tends to increase the number of products traded between...

Food security is an important social objective and relying on international food markets to meet the needs of Indonesia's growing population is precarious. The policy of restricting food imports through tariffs or quantitative restrictions promotes the goal of food self-sufficiency, but does so...

We review the literature on the relationship between agricultural trade policy reform and poverty, and the results of recent detailed simulation studies applied to economies in the ESCAP region. We then use the GTAP model to evaluate the possible impacts of the most recently proposed modality...

We extend the trade restrictiveness indices (TRIs) approach to the case of market failures and domestic regulations addressing them, in presence of arbitrary tariffs and other domestic price policy distortions. We focus on standard-like non-tariff measures (NTMs) affecting cost of production and...

Die Verhandlungen zwischen den USA und der EU über das Transatlantische Freihandels- und Investitionsabkommen (TTIP) sind in den letzten Monaten in das öffentliche Interesse gerückt. Umstritten ist vor allem das vorgesehene Investitionskapitel, das neben der Investitionsliberalisierung...