All markets in which production takes place are vertical. That is, inputs are transformed into outputs. Of central concern, in this paper is a situation in which an input and an output both are traded on international markets.

Conventional wisdom in economic history suggests that conflict between countries can be enormously disruptive of economic activity, especially international trade. Yet nothing is known empirically about these effects in large samples. We study the effects of war on bilateral trade for almost all...

This paper has investigated export pass-through in the tarde of Australia's main commodity exports in an attempt to determine whether Australia is a price-taker in the trade of those items.

This report counter-poses the patterns of trade specialization and trade diversification of two groups of economies the new member states of the European Union, NMS, and the follower countries of the Soviet Union, the NIS (Newly Independent States). It is shown that the NIS export structures are...

This paper is concerned with the extent to which the Association Agreements with the EU provided a solution to Cyprus’ trade problems by opening new markets, offering the opportunity to diversify exports and contributing towards removing the foreign exchange gap. While there is evidence that...

Competition policy plays an increasing role worldwide, both at the national and international level. The number of countries with competition laws has increased to about seventy as of 1999, against less than thirty only three decades earlier. One of the many reasons that lie behind this renewed...

Developing countries have a considerable stake in supporting a comprehensive new round of multilateral trade negotiations within the World Trade Organization (WTO) in order to achieve further trade liberalization and benefit from intersectorial trade-off.For their constructuve particiaption in...

In the present note we construct an overlapping-generations (OLG) example in which free trade is Pareto-improving and the world equilibrium chaotic. The example is simple, but it is not incompatible with the general model of Kemp and Wolik.

The present paper describes the caracteristics of inward FDI in Uraguay during two different trade regimes - the import-substituting period that lasted until 1973 is compared to the subsequent, more outward-oriented policy environment- and examines difference in productivity spillovers from...