The number of preferential trade agreements has greatly increased over the past two decades, yet most existing … bilateral arrangements take the form of free trade areas, and less than ten percent can be considered to be fully °edged customs … unions. This paper develops a political economy model of trade policy under imperfect competition to provide a positive …

This paper develops a complete reconstruction of the real part of the Ricardian model of international trade, which … factors in the determination of the equilibrium terms of trade and the relative gains of the countries. In that way, this … reconstruction proves some of the ideas stated by John Stuart Mill about international trade …

.This paper develops a complete reconstruction of the real part of the Ricardian model of international trade, which shows that … in the determination of the equilibrium terms of trade and the relative gains of the countries. In that way, this … reconstruction proves some of the ideas stated by John Stuart Mill about international trade …

Recent quantitative trade models treat import tariffs as pure cost shifters so that their effects are similar to … iceberg trade costs. We introduce revenue-generating import tariffs, which act as demand shifters, into the framework of … Arkolakis, Costinot and Rodriguez-Clare (2012), and generalize their gains from trade equation. Our formula permits easy …

Recent theoretical work on international trade emphasizes the importance of trade elasticity as the fundamental …, where exporter fixed effects are regressed on proxies for technology and wages. Within the same Ricardian model of trade …, the trade share provides an alternative source of identification for the elasticity of trade. Following Santos Silva and …

The present paper aims to disseminate the validity of trade theories on the ground of the current international trade … environment. The research objective consists in the reviewing of the traditional and new trade theories and their explanatory … significance regarding the gains from trade issues. Analysis will be conducted in a narrative manner focusing on the principal …

This paper first investigates the pattern of trade and industrial productivity in the ASEAN, China, and India (ACI). By … growth in manufacturing sectors. Both international trade and intra-region trade in the ACI countries increase dramatically … in the last decade. The imports from India to China are mostly ordinary trade whereas those from ASEAN to China are …