In this paper, I analyze recent findings by Coe and Helpman (1995) of trade-related international R&D spillovers. I show generally that randomly created bilateral trade shares also give rise to large estimated international R&D spillovers; often, in fact, to larger estimated spillover effects which are more precisely estimated than by employing the ’true’ bilateral trade shares. This casts some...

Abstract In light of the recent tit‐for‐tat trade dispute between China and US, interest in quantifying effects so‐called Phase One agreement has risen. To this end, paper quantifies impact asymmetric managed using such a multi‐country open‐economy dynamic general equilibrium model. Besides assessing direct implications for analyzes diversion effects. The model‐based analysis finds noticeable p...

Since 1990 the number of preferential trade agreements has increased rapidly. Our argument explains this phenomenon, known as the new regionalism, as a result of competition for market access. Exporters that face trade diversion because of their exclusion from a preferential trade agreement concluded by foreign countries push their governments into signing an agreement with the country in which...

In light of the recent tit-for-tat trade dispute between China and US, interest in quantifying effects so-called phase one agreement has risen. To this end, paper quantifies impact asymmetric managed using such a multi-country open-economy dynamic general equilibrium model. Besides assessing direct implications for diversion are also analyzed. The model-based analysis finds noticeable positive ...

Economists generally pay little attention to the effects of liberal trade policies on the internal geography of countries. This paper presents a fully operational interstate CGE model implemented for the Brazilian economy that examines how the distribution of the economic activity may change as the country opens up to foreign trade. Among the distinctive features embedded in the model, modeling...