This study revisits the trade and welfare effects of 19th century bilateralism exploiting the latest developments in … structural gravity models, including the consideration of domestic trade. Using bilateral trade data between 1855 and 1875, I … show that the Cobden-Chevalier network, i.e. a system of bilateral trade agreements including the Most Favored Nation …

The new international trade theory has shown that trade among countries does not necessarily depend on international … differences in technology and factor endowments. Instead, trade is the result of the exploitation of scale economies and scope … role that large corporations play in the trade capacity of the countries where these corporations are located. Specifically …

currencies relative to gold between 1929 and 1936. What were the currency war’s effects on trade flows? We use newly …-compiled, highfrequency bilateral trade data and gravity models that account for when and whether trade partners had devalued to identify the … effects of the currency war on global trade. Our empirical estimates show that a country’s trade was reduced by more than 21 …

affects trade patterns and economic welfare. We find that linguistic similarity within a country accounts for about 10 percent …

We explore how public investment in commercial infrastructure affects the composition of trade between countries. To … this end, we develop a model of bilateral trade in which two countries produce, consume, and trade a continuum of goods … Stackelberg game, the results are ambiguous. An empirical analysis based on recent international trade data supports our …

Exporting is crucial to a country’s trade performance in terms of increasing its foreign exchange reserves and … improving the terms of trade. At the firm-level too, exporting serves significant purpose by enhancing sustainability …

-aggregated trade data, turn out to be highly correlated with macroeconomic phenomena such as national productivity levels and growth …