Recent data show that the institutional content of preferential trade agreements has evolved over time. Although pre …-1990s preferential trade agreements mostly focused on tariff liberalization, recent agreements increasingly contain deep … employs the Antr?s and Helpman (2008) model of contractual frictions and global sourcing to study how deep trade agreements …

Should the China-U.S. trade agreement prompt relief because it averts a damaging trade war or concern because selective … States and China would be better off under this "managed trade" agreement than if the trade war had escalated. However …-supplying neighbor, Mexico. Real incomes in the rest of world would decline by 0.16 percent and in China by 0.38 percent because of trade …

Preferential trade agreements have become deeper over time, often encompassing policy areas that go beyond traditional … trade policy, such as investment, competition, and intellectual property rights protection. In the literature, a prominent … exploits a new data set on the content of trade agreements and data on trade in value added and in parts and components, to …

Preferential trade agreements have boomed in recent years and extended their reach well beyond tariff reduction, to … content of preferential trade agreements to examine the trade effects of deep agreements and revisit the classic Vinerian … question of trade creation and trade diversion. The results indicate that deep agreements lead to more trade creation and less …

Do regional trade agreements negatively impact non-members? This paper revisits this long-standing trade policy … question using firm-level data and detailed information on the content of trade agreements. Differently from the conventional … view on trade diversion, the analysis identifies a positive spillover effect of regional trade agreements: they increase …