Conventional literature generally believes that the signing of FTA will increase the trade between member countries, but it will damage the trade with non-member countries and reduce the overall level of global welfare. With the quasi-natural experiment of the signing of the China-Australia FTA...

We estimate the causal effect of the 2003 SARS epidemic on firm-level exports in China. We combine a patient-level data set with a micro trade data set between 2000 and 2006. We construct two measures of exposure to SARS. The first measure is based on the exposure to SARS patients in firms'...