sanctioned markets, while, importantly, the lifting of sanctions is not found to yield symmetric trade recovery effects …. Additionally, sanctions effects are very heterogeneous. Firms that depend more on trade finance instruments are more strongly …How do exporting firms react to sanctions? Specifically, which firms are willing - or capable - to serve the market of …

trade restrictions, we provide further evidence on the indirect effects of sanctions. Analysing the impact on broader …In this paper, we use a novel firm level dataset for Germany to investigate the effect of sanctions on export behaviour … and performance of German firms. More specifically, we study the sanctions imposed by the EU against Russia in 2014 in …

This paper estimates the costs of EU restraints on trade in textiles and clothing. After explaining the methods used …, we examine the impact of an opening up of EU trade in textiles and clothing, inter alia to those economies where the …

Bilateral trade balances often play an important role inthe international trade policy debate. Disturbingly, several … studies argue that the gravity model of trade fails when confronted with bilateral trade balances data, dubbing this "The … Mystery of the Excess Trade Balances". Capitalizing on developments in the related literature, we solve the mystery and show …

Bilateral trade balances often play an important role in the international trade policy debate. Academic economists … understand that they are misleading indicators of competitiveness and of the gains from trade. However, they also recognize their … (2002) argue that the canonical gravity model of trade fails when confronted with bilateral trade balances data, dubbing …

This paper investigates if the euro's effect on euro-area trade differs across trade sectors and across country pairs … are specific to each sector in each country pair, control for omitted trade costs and mismeasured resistance terms …. Parameter heterogeneity and time-varying latent variables are both strongly supported by the data. Due to decreasing trade costs …

account for. In particular, consistent with the empirical evidence we find that trade liberalization leads to a higher exit … do not export. We also find that trade iberalization promotes economic growth and that it has the opposite effect of … retarding economic growth in a closely comparable growth model with Melitz-type assumptions. -- Trade liberalization …