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The growth of regional trading blocs has been one of the major developments in international relations in recent years. Virtually all countries are members of a bloc and many belong to more than one; more than one third of world trade takes place within such agreements. Regional agreements vary...
Persistent link: https://www.econbiz.de/10009193366
The paper applies a gravity model to 1980-1996 annual non-fuel imports data for 58 countries to quantify the effects of recently created or revamped PTAs on trade. We modify the usual gravity equation to identify separate effects of PTAs on intra-bloc trade, members' total imports and their...
Persistent link: https://www.econbiz.de/10005504431
This paper uses a schematic computable model of the iron and steel sectors in the European Community (EC) and Eastern Europe to explore the effects of trade policies on those sectors. In particular it explores the partial opening of EC markets to Eastern producers. Following a discussion of...
Persistent link: https://www.econbiz.de/10005504489
This paper surveys the broad patterns of world trade in manufactures since about 1960. While the bulk of manufactured exports came initially from relatively few large industrial countries, developing countries have encroached seriously upon their markets in recent years. The newly industrialized...
Persistent link: https://www.econbiz.de/10005504516
While the liberalization of trade has been at the forefront of the global agenda for many decades, the movement of natural persons remains heavily guarded. Nevertheless, restrictions on the movement of natural persons across regions impose a cost on developing and developed economies that far...
Persistent link: https://www.econbiz.de/10005504557
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We present a simple computable model of EC footwear production and trade coupled with a rudimentary production model for Eastern Europe. We simulate the liberalization of EC footwear imports from Eastern Europe as planned under the so-called Europe Agreements. We find that if Eastern Europe can...
Persistent link: https://www.econbiz.de/10005497711