The knowledge-based and data-driven economy represents a new stage in the evolution of the economy, with transformative impacts on how goods and services are developed, produced, traded across borders, distributed, and consumed. Data is the essential capital of this new economic age as it...

The literature on the impact of bilateral investment treaties (BITs) on foreign direct investment (FDI) has had difficulty establishing a robust effect of BITs on FDI flows. This conclusion extends to FDI chapters in free trade agreements (FTAs), which feature the same substantive content as...

A versão em português deste artigo pode ser encontrada em: 'http://ssrn.com/abstract=2805049' http://ssrn.com/abstract=2805049.What impact may regulatory convergence, as promoted by the TPP, have on trade costs? To examine this question, the authors pay particular attention to Chapter 25 of...

This note is motivated by the contradictory conclusions reached concerning the amount of trade generated by trade agreements of varying comprehensiveness and depth when agreements are examined through different prisms: analysis of the text of agreements with a view to identifying liberalizing...

The Trans-Pacific Partnership includes a chapter on regulatory coherence and measures to reduce trade costs arising from divergent standards. We review the substantive content of the TPP's measures in light of existing processes in international organizations addressing good regulatory...

It is a cliché to say that the pace of change has accelerated. But the pace of change since the middle of the 1990s has been phenomenal. Somewhere in the mid-1990s, the world economy (and its political economy) seems to have taken a blind curve and started down an uncharted road, leaving...

Big data, exploited by ever more powerful AI and machine-learning engines that extract previously unattainable information, is being monetized in various ways and is underpinning the market valuation of today's most valuable corporations. This has made data-generated rents the principal bone of...

This paper quantifies the economic implications of reducing barriers to services trade in the context of the Trade in International Services Agreement (TISA) using an extension of the GTAP model which incorporates a dynamic mechanism, a MONASH-style investment function, and disaggregated...

Mega-regional trade agreements represent an innovation in the governance of international commerce. Led by the major economies, they promulgate an economic framework that is tailored to the interests of the majors. Sorting out the differential impacts of the mega-regionals at the nation state...

Since the stalling of the Doha Round – which was designed to be development friendly – the world is awash in mega regionals. Major negotiations currently underway include the Trans-Pacific Partnership (TPP), the Transatlantic Trade and Investment Partnership (TTIP), the Trade in Services...