using one particular illustration, the gravity equation for trade, and apply the proposed technique to provide new estimates …

This paper investigates the trade-diversion effects of regional trade agreements (RTAs), so-called “Spaghetti bowl …” Phenomenon (SBP), in multilateral trade. The SBP is due to the proliferation of RTAs. Thus, we investigate the relationship … between the number of RTAs concluded by a country and the additional trade value attributed to an RTA. The main finding …

The gravity model is a workhorse tool that has been widely used in international trade. However, one empirical question … factor information related to geographical, cultural, political and economic variables that might a ect international trade …

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 identication for the elasticity of trade. Following Santos Silva and …

We examine the empirical evidence bearing on whether UK trade is governed by a Classical model or by a Gravity model … Gravity model here differs from the Classical model in assuming imperfect competition and a positive effect of total trade on …

We set up two rival Computable General Equilibrium (CGE) models of world trade, one based on classical theories of … trade facts for five major countries or country blocs: the UK, the US, China and the EU. The UK is a small enough economy …

better explains the bilateral trade flows. For the empirical estimation, it sets up a consistent dataset for 65-countries and … borders, languages, colony, and FTA explain the changes in trade share very well. The explanatory power of the three competing …