This paper examines the effect of various types of institutional reforms in enhancing bilateral trade flows. We examine three types of institutional reforms' democratic political system, legal, and administrative reforms, and distinguish an initial effect from a permanent effect on bilateral...

What has driven trade booms and trade busts in the past and present? We derive a micro-founded measure of trade frictions from leading trade theories and use it to gauge the importance of bilateral trade costs in determining international trade flows. We construct a new balanced sample of...

Das ifo Institut hat im Auftrag des Bundesministeriums für Wirtschaft und Technologie die vorliegende Evaluierungsstudie zu den Dimensionen und Auswirkungen eines Freihandelsabkommen zwischen der EU und den USA durchgeführt. Die Studie zeigt, dass ein tiefgreifendes...

Using a gravity model, this article presents an analysis of aggregate trade flows aimed at identifying China's impact on Latin America's trade. The results obtained indicate that: i) China's growth in the last years implied a growing supply of exports to this market from most countries in the...

In recent years, South Asia has received growing attention as a region that is integrating successfully into the global economy. To maximize the benefits in terms of faster growth and poverty reduction, the region will need to strengthen regional and bilateral cooperation in several areas. In...

Das ifo Institut hat im Auftrag des Bundesministeriums für Wirtschaft und Technologie die vorliegende Evaluierungsstudie zu den Dimensionen und Auswirkungen eines Freihandelsabkommen zwischen der EU und den USA durchgeführt. Die Studie zeigt, dass ein tiefgreifendes...

Trotz des andauernd protektionistischen Kurses der US-Handelspolitik in den letzten Jahren und des Aufstiegs Chinas zur globalen Wirtschaftsmacht bleiben die deutsche und die US-amerikanische Wirtschaft eng miteinander verflochten. Dies gilt umso mehr, als die Vernetzung und die Rolle der...

The purpose of this paper is to explain the relation between the Border Effect and industrial concentration. This is achieved by founding this relation on the Home Market Effect and testing the robustness of this foundation through an application to the European Single Market. A sectorial...

Given the current state of multilateral trade negotiations, it appears that preferential trade agreements (PTAs) will serve as the main vehicle for increased liberalization in the short term. The question arises, whether the proposed Trans-Pacific Partnership (TPP) should and could include...

This study seeks to investigate empirically the directional impacts of NTMs on intra-ASEAN exports given that not all NTMs pose constraints to trade. Though NTMs are found to be diverse and intense for specific bilateral pairs, there is no empirical evidence of adverse impacts of NTMs on...