The literature on international business cycles has employed dynamic factor models to disentangle global from group-specific and national factors in countries' macroeconomic aggregates. Therefore, the countries have simply been classified ex ante as belonging to the same region or the same level...

Introduction: If the challenge facing automobile producers in the 1980s was how to change theirindustrial model, that of the 1990s has been how to reorganize internationally. Ofcourse, internationalization has been one of the industry's characteristics since itsinception, and international trade...

Evaluating the economic impact of an FTA is an important part of the monitoring and surveying process that should follow the establishment of an FTA. This paper presents methods for evaluating the trade and welfare effects of an FTA. These methods show how to (i) compute indicators for the...