In recent years, there has been an increasing interest in currency :union:s internationally. The formation of currency :union: in Organization of Islamic Cooperation (OIC) has drawn much attention of Islamic countries. This paper aims to investigate the effect of currency :union: formation for trade among 49 Islamic countries over the period 1990-2012 by OCA and Augmented Gravity Model (AGM). T...

Iran-China relations are deeply rooted in history and have been enhanced recently with bilateral cooperation in the areas of energy, arms sales, trade, political cooperation and cultural ties. The objective of this paper is to analyze the role of international outsourcing in form of trading intermediate products on bilateral trade relations between Iran and China. As an empirical work, we h...

Introduction: Over the past fifteen years, there has been a dramatic rise in the number and range of regional or preferential trade agreements (PTAs). 1 There is evidence to suggest that market driven regional trading blocs are emerging in the European neighbourhood, the Americas and East Asia. The US is actively pursuing FTA in the Americas and East and South-East Asia. The European Union (EU)...

Introduction We are both former Directors ofthe Bureau ofEconomics at the Federal Trade Commission, and have studied, lectured and written on the economics of the pharmaceutical industry for many years. As such, we feel obliged to submit these comments to the Commission because, in our judgment, both the Pfizer-Wyeth and Merck-Schering Plough mergers will further retard the rate of pharmaceutic...

Neural activity leads to hemodynamic changes which can be detected by functional magnetic resonance imaging (fMRI). The determination of blood flow changes in individual vessels is an important aspect of understanding these hemodynamic signals. Blood flow can be calculated from the measurements of vessel diameter and blood velocity. When using line-scan imaging, the movement of blood in the ves...

The purpose of this paper to identify and analyze the effects of existing trade networks on bilateral trade volumes in the Western Hemisphere using two empirical specifications of the gravity model of international trade. The evidence suggests the trade behavior within the Western Hemisphere is highly influenced by relationships resulting from different types of linkages (i.e., networks). These...

Current research on antidumping suggests a number of channels through which antidumping affects the volume of world trade. This paper uses a structural approach to the gravity model framework to evaluate these hypotheses using data on trade volume over the period 1960-2001. We conclude that the volume and welfare effects have been negative, but quite modest. JEL classification: C230; F14; F15