This paper assesses the economic impact of the Canada-Korea Free Trade Agreement (CKFTA) on the basis of the published text and agreed schedule of commitments. We introduce new estimates of the impact of the services measures based on the extent to which they change the Services Trade...

Much potential for trade liberalization exists in industries and markets with trade barriers that are prohibitive for all or many firms. In standard political economic theories of trade policy, observed prohibitive barriers must be globally optimal according to both individual and joint...