What would be the economic effects of the UK leaving the European Union on living standards of British people? We focus on the effects of trade on welfare net of lower fiscal transfers to the EU. We use a standard quantitative static general equilibrium trade model with multiple sectors,...

This paper describes a parsimonious approach to the economic analysis of transportation investments. In a gravity model of trade, project benefits may be summarized by a money metric for the change in market access experienced by all cities due to the investment. This metric is equivalent to the...

This paper examines the determinants of alignment in bilateral partnerships. While it was impossible to think about international cooperation without referring to the term "alliances" during much of the Cold War period, strategic partnerships have taken a central place in many states' diplomatic...

Despite the political differences, China and India are in an interdependent trade relationship. Both major powers are each other's largest trading partner. Nevertheless, there is competition between the two countries for supremacy in the Indo-Pacific. India's democratic system and rules-based...