Concern is growing regarding the poverty impacts of trade liberalization. The strong general equilibrium effects of trade liberalization can only be properly analysed in a CGE model. However, the aggregate nature of CGE models is not suited to detailed poverty analysis. We bridge this gap by...

This paper estimates the effects of trade integration between China and Mercosur on employment. The case of Argentina, in particular, is investigated. Highly disaggregated data at the industry level is used for the first time to estimate labor demand elasticities in order to estimate the effects...

A survey of trade elasticities published for Latin American economies is conducted. Articles surveyed were published between 1975 and 1997. They include data from the mid-1950s through the mid-1990s. Imports are found to be highly income elastic as well as very price inelastic. Relatively fewer...

This paper presents the first empirical test with German establishment level data of a hypothesis derived by Helpman, Melitz and Yeaple in a model that explains the decision of heterogeneous firms to serve foreign markets either trough exports or foreign direct investment: only the more...

The World Trade Organization, which came into existence at the conclusion of the Uruguay Round, is in charge of administering a plethora of new trade rules. The main thrust of the new rules is to reduce or abolish tariffs and quotas on a wide range of products. Some tariffs and quotas were...

This paper analyzes the effects of EU integration on intra-EU trade volumes with a special focus on trade within and between the core and the periphery countries. We find that in all phases of integration core-periphery and intra-periphery growth of trade has experienced stronger positive...

Empirical trade equations estimated using aggregate data may impose ill- advised coefficient restrictions. Export demand equations are estimated using quarterly data for bilateral trade flows between the United States and Mexico. The sample period is 1981-1994. Right-hand-side variables include...

The paper discusses and revisits some of the most popular stories behind the 2001 financial crisis in Argentina, i.e. the prolonged overvaluation of the peso owing to the Currency Board arrangement, the lack of fiscal adjustment, and the negative external environment which triggered a “sudden...

The paper analyses the forces that shape demand and supply processes in the market for cocoa powder. A brief statistical summary is given of the main trends in international demand and production, and the spatial shifts in cocoa processing. Ample attention is given to the role of technology...

We use the well known USDA dataset of real exchange rates to address the question of whether PPP holds for agricultural commodities. Both unit root tests and the recently proposed more powerful class of panel unit root tests, which take into account cross-section correlation across the units in...