The purpose of this paper is to assess the effect on North South trade of the quality of governance in developing countries by applying a gravity trade model. I test the model for a sample of 21 OECD countries and 95 developing countries over the period 1984-1997. A panel data analysis is used...

This paper investigates the extent of integration of the transition economies into the world economy. We find that south-eastern Europe (SEE) and the Commonwealth of Independent States (CIS) trade significantly less with the world economy than the accession countries. We use a gravity model to...

This paper develops a methodology for trade policy analysis of costs and benefits of alternative regional integration scenarios. The methodology is based on the disaggregated gravity equation, which is applied to calculate the impact of the EU enlargement on integration strategies of non-member...

World trade has grown rapidly. Several factors are highlighted by literature as a driving force behind the growth of world trade. Reduction in barriers to trade is one of them. A comprehensive empirical investigation is carried to ascertain the trade reducing and increasing effect of barriers to...

The purpose of this paper is to assess the effect on North South trade of the quality of governance in developing countries by applying a gravity trade model. I test the model for a sample of 21 OECD countries and 95 developing countries over the period 1984-1997. A panel data analysis is used...

This research analyzes the effects of the similarities in economic size and institutional level on bilateral trade. It is interested, whether the similarities at the country size and institutional level encourage enlarging volume of international trade between countries. Using panel data of the...

Since McCallum's (1995) finding of surprisingly high border effect on trade between US and Canada, there have been a number of studies on other parts of the world, and improvements made to the gravity model to accurately measure this effect. This paper suggests some other modifications to the...

The paper analyzes the factors behind the reorientation of transition countries' exports to their non-traditional partners outside their former block. First, the amount of reorientation is calculated using a gravity model. Then, reasons for the cross-country differences in the rate of closing...

This paper studies the effects of trade policy uncertainty on the extensive and the intensive margins of trade for a sample of 149 exporters at the HS6 digit level. We measure trade policy uncertainty as the gap between binding tariff commitments under trade agreements (multilateral and regional...

The sheer size of the EU and US economies combined suggests substantial economic benefits from eliminating tariffs, reducing the costs of regulatory divergence, and deepening cooperation. Estimating these gains is difficult: uncertainty concerning modelling choices, data, and scenarios looms...