Policymakers increasingly view China’s rapidly growing wealth as a threat. China currently ranks second, or perhaps even first, in the world in gross domestic product (although 78th in per capita GDP), and the fear is that China will acquire military prowess commensurate with its wealth and...

Most empirical policy work requires the aggregation of policies. Trade policy aggregation exemplifies the aggregation problem poignantly, with thousands of highly dispersed trade barriers. This paper provides methods of policy aggregation that are consistent with two common objectives of...

Global income elasticity of trade (GIET) is the percentage increase in world imports or exports, attributable to a percentage increase in world income or output. Theoretical and econometric research has shown that greater ~than unitary income elasticities to import and to export have...

Este artículo analiza los efectos de la progresiva implantación de un acuerdo de libre comercio entre Marruecos y la UE sobre las exportaciones de las Comunidades Autónomas (CC.AA.) españolas a ese país. Para ello, estimamos una ecuación de gravedad con datos de las CC.AA. y ramas de...

Do better trade logistics reduce trade costs, raising a country's exports?  Yes, but the magnitude of the effect depends on country size.  Applying a new gravity model to a comprehensive logistics index, we find that an average-sized country would raise exports by about 46% after a...

We analyse the effect due of the next FTA between Morocco and the EU on bilateral Moroccan imports. As our main contribution to the existing literature, we include in our gravity equation tariff data at the industry level. This allows to better estimate trade determinants and also makes possible...

A panel data approach is used to investigate both the steady-state and the transitional impact of trade liberalisation on export performance within a sample of selected OECD countries. The results find trade policy to be a largely insignificant determinant of export performance. Domestic...

This paper presents numerical simulation results that suggest that China can both reduce its trade imbalance and receive welfare benefits by switching the value added tax (VAT) regime from the current destination principle to an origin principle. With the tax on exports exceeding that no longer...

Unfavorable geopolitical situation and small scale of economy, trade balance deficit and raw-materials export enforce Armenia to look for new geographical and product perspectives in its foreign trade. Our paper aims to estimate trade potential for Armenia by product groups in regional and...