We study the impact of transnational terrorism diffusion on security and trade. We set a simple theoretical model … predicting that the closer a country to a source of terrorism, the higher the negative spillovers on its trade. The idea is that … security measures, which impede trade, are directed both against the source country of terror and its neighbor countries where …

We show that the negative impact of financial crises on trade is magnified for destinations with longer time-to-ship. A …

estimation, we disentangle the treatment effect of one PTA on members’ trade and real income, from the externalities created by … income from signing PTAs, even in the cases where trade creation is small; while non-members are negatively impacted. Thus …This paper studies the implications of Preferential Trade Agreements (PTAs) proliferation. Using counterfactual …