This study examines the extent to which policy-based loans to SME exporters affect their export performance (the intensive margin of exports). We also investigate the heterogeneous export effects of policy-based loans that may depend on firm- and industry-specific characteristics, such as credit...

We study the welfare implications of a bilateral free trade agreement. The model is based on the recent trade literature that considers search and matching frictions in the labor market. We extend the model by incorporating country-level heterogeneity in terms of production technology,...

제2차 세계대전 이후부터 지금까지 꾸준한 성장을 이어온 국제교역은 세계 GDP의 25%를 차지 할 만큼 경제발전에 긍정적인 영향을 주었지만, 동시에 세계 이산화탄소 배출량의 약 21.5%가 국제무역에 의해 발생한다는 점에서...

This brief discusses the implications of the recent WTO reform efforts led by leading economies and provides a guideline for Korea's multilateral trade policy under fast-changing global economic environment. In particular, the following three areas are of interest in this brief. First, the...