India signed a FTA with ASEAN in the year 2009 came into effect on 1 January 2010. The paper looks in to the trade impact of India ASEAN Free Trade Agreement using an augmented Gravity model using a panel data framework. The study used a balanced panel data set of 11050 bilateral trade for 650...

The consensus back in 2008 – ten years after the introduction of the euro – was that the adoption of a common currency had made a limited impact of around 2% in total on the trade flows of the first wave of euro area countries (Baldwin et al., 2008). Since then, six more countries have...

This paper constructs new measures of regional trading arrangement (RTA) membership based on the degree of integration and implementation. We find that RTAs create intra-bloc trade regardless of their type and that more integrated RTAs generate greater total trade creation

This study aims to analyze the impact of the China-Pakistan Regional Trade Agreement on Pakistan’s exports. We applied the gravity trade model using the Poisson Pseudo Maximum Likelihood (PPML) estimator for export data for a period of 16 years from 2003 to 2018. For the sake of a...

Following Turkey's application for EU membership in 1987, a Customs Union (CU) between Turkey and the EU, mainly covering trade in manufacturing goods and processed agricultural products, came into effect in 1995. In addition to a large agricultural sector, Turkey also specializes in the...

Infrastructural development is crucial for regional trade integration. This study investigates the extent of regional trade interdependence of the Association of Southeast Asian Nations (ASEAN) and its nexus with infrastructure. We selected 13 countries-ASEAN and three other countries (India,...

We re-visit the evidence about the trade benefits of European Monetary Union (EMU), focusing on the experience of countries which adopted the common currency since 2002. Based on "state of the art" gravity estimations for the period 1992-2013, we reach three main conclusions. First, estimates...

Three years ago, very few economists would have imagined that one of the newest and fastest growing research areas in international trade is the use of quantitative trade models to estimate the economic welfare losses from dissolutions of major countries' economic integration agreements (EIAs)....

Trade in services is often hampered by domestic administrative barriers, even when countries are members of the same regional trade agreement. We exploit a large reform in the European Union (the EU Service Directive) aimed at reducing such administrative hurdles in cross-border service...

For the estimation of structural gravity models using PPML with countrypair, exportertime and importer-time effects it proves useful to exploit the equilibrium restrictions imposed by the system of multilateral resistances. This yields an iterative projection based PPML estimator that is...