This paper will review the specification of international trade in CGE models, focusing on how the modelers have drawn on trade theory to build empirical models to analyze issues of: trade liberalization, regional integration, trade-wage links, structural adjustment to macro shocks, choice of...

The establishment of the currently negotiated Free Trade Agreement (FTA) between the EU and Ukraine is the next significant step towards Ukraine’s deeper integration into the world economy, widely expected to result in additional welfare gains. Theory suggests that trade liberalization is...

assessing the decreasing role of geographical distance (as a result of globalisation) in the world economy spatial econometric techniquesDecreasing role of distance increasing importance of financial openness as channel of spillovers aross countries

The puzzle of Feldstein and Horioka (1980) stems from the early eighties: the authors identified the correlation between a country's savings-to-GDP and investment-to-GDP ratio as a measure of international capital mobility. By using a cross-section analysis they concluded that the long-awaited...

Due to membership process, the European Union (EU) is the principal trade partner of Turkey. It has concentrated more than half of its total trade flows with EU countries since the II. World War. However, along with emerging of new markets in Asia, Turkey engaged in developing economic ties with...

Using a theory based gravity equation, I first show that cultural dissimilarity (similarity) negatively (positively) affects bilateral imports of countries. More importantly, I examine Huntington's the Clash of Civilizations hypothesis and provide evidence that the impact of cultural...

COP17 in Durban revealed once again the general willingness to commit to the 2°-target and the difficulty to reach an international Post-Kyoto agreement until 2015. There is strong evidence from model-based analysis that economic costs of reaching the 2°-target will be below global GDP growth...

The WIOD database allows for improved empirical analysis on a wide range of important environmental research questions. In this paper we demonstrate the scientific potential of the WIOD database and give answers for very urgent policy questions on the impacts of international trade and...

The aim of this paper is to provide a detailed investigation of trade barriers by examining a cross-country, cross-industry analysis of evolution of trade costs for a 44-year period (1963-2006) positing the possible reasons behind the changes. I estimate trade costs using methodology of Shikher...

This study aims to examine the situation, general management and performance of international private transportation services for passengers between Thailand and the Laos PDR at the Thai-Laos Friendship Bridge check point, Nong Khai Province. Other objectives are to analyze the market structure,...