The declared objective of the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO) is … to promote free trade between member states. Nonetheless, an exhaustive study of bilateral merchandise trade based on a …/WTO membership does actually encourage international trade. This unanticipated finding generated a great deal of attention in the …

The theoretical discussion on globalization has suggested that there are linkages between democracy and trade, although … of whether democratic regimes influence trade policy, as opposed to the actual relationship between democracy and trade …. This paper seeks to answer the question, ``Do democracies trade more?'' by applying the gravity equation to a large dataset …

This study analyzes the impact of trade on cross-country inequality using a panel data set from 65 developing counties … over a long period 1970-2008. This study differs from the existing literature on distributional impact of trade by … explicitly noting the importance of development stage in shaping the link. The analysis shows that the effect of trade on …

Some economists worry about the ‘spaghetti bowl phenomenon’ expected from proliferating regional trade agreements (RTAs …). In particular, the complicated web of hub-and-spoke type of overlapping free trade agreements (FTAs) can result in high … costs for verifying rules of origin (RoO) and trade diversion or suppression effects. This explains why almost half of the …

As the impact of trade in services on the current global financial crisis appears to overtake that of trade in goods …, we propose to examine liberalization of trade in services through regional trade agreements (RTAs). The regional … liberalization of trade in services is expected to generate significant welfare gains both in the services and goods sectors. However …

The main purpose of this paper is to assess intra-regional trade within the CIS by looking at the impact of numerous … trade agreements in the region. Applying a gravity model on a set of 162 countries, we attempt to assess dynamics of intra …-regional trade of various trade agreements between 1995 and 2008 in order to identify trade creation and trade diversion effects. We …

This study analyzes the effects of different liberalization scenarios in the international trade of eggs and egg … (extensive margin) and on trade volumes (intensive margin). The results indicate that even in the context of aggressive trade … liberalization, trade gains at the extensive margin will be modest. Gains at the intensive margin of trade are present even in the …

This article empirically investigates the impact of trade barriers on the world wine trade, focusing on trade costs …-Maximum Likelihood (PPML) estimator accounts for heteroskedasticity and the presence of zero trade flows. Our results identify which … regulations can adversely affect trade, providing useful information to policy-makers involved in negotiations on trade frictions …

The proliferation of services trade agreements and improved availability of data on bilateral services trade flows has … resulted in a growing literature on the theoretical and empirical assessment of services trade effects. In this paper, we … revisit the trade effects of services agreements using an updated database on bilateral services trade flows from the OECD and …

This paper investigates the effect of the customs union between Turkey and the European Union on the balance of trade … in Turkey. The framework for analysis is an extended trade gravity model onto which the impact of the customs union is … applied. The gravity model of trade is estimated using dynamic panel data which applies the Generalized Method of Moments to a …