The ASEAN Free Trade Agreement (AFTA) was set up in 1993 and has already shown significant effects by 2010. This study empirically investigates the effect of trade creation on intra-ASEAN trade for the period of 1986 to 2010. Using the gravity model, we find that major determinants of bilateral trade in ASEAN are GDP, population, relative endowment, distance and common border. A dummy variable ...

Recently Ciufolini has suggested to use the perigee of the proposed LARES/WEBER-SAT satellite in order to measure the secular precession which would be induced on such Keplerian orbital element by a weak-field modification of gravity occurring in some Brane-World scenarios put forth by Dvali. This precession would amount to 0.04 milliarcseconds per year for LARES. In this paper we show that, ac...

We apply the gravity model to examine the effects of the Andean Community and Mercosur on both intra-regional and intra-industrial trade in the period 1980-1997. After accounting for size and distance effects, the Andean Community preferential trade agreements had a significant effect on both the differentiated and reference products, in particular capital intensive goods. In contrast, Mercosur...

Are trade blocs stumbling blocks or building blocks? This chapter reviews many political economy arguments. First come those that suggest that regionalism undermines support for more generalized liberalization. Then we consider arguments that say that regional initiatives help build political momentum for global liberalization. Arguments as to how the adoption of a regional trading area might p...

In 2010, Norway is still one of the richest countries in the world, with a GDP per capita corresponding to 56,140$ and an open economy able to move a large quantity of goods. After the Schengen agreement, the trade exchange between Norway and the rest of the European countries has largely increased. In this panorama, the Norwegian alcoholic market behaves under particular conditions. As it is w...

intra-industry trade (iit) comprises of instantaneous imports and exports of goods and services which are handled in a same industry. the importance of iit between trading partners refers to those tradable products that provide them with diversity and high technology. to expand its foreign trade relations, iran indeed requires such trade patterns that include diversification of goods and servic...

he main purpose of this research is to answer the question that "How neighborhood of Iran's trading partners will have an effect on Iran intra-industry trade? For this purpose, the impact of spatial neighborhood effects of 23 major trade partners on Iran’s intra-industry trade for the period of 1995-2014, has been investigated through Spatial Panel Econometric and Maximum Likelihood Estimator (...

s: This paper examines the optimal trade negotiation strategies in the trade negotiation involving multi-parties such as Doha Development Agenda, which is characterized by asymmetric multiple negotiators with multi-trade issues. Due to the consensus rule, which is the formal decision making rule of WTO, bilateral bargaining formula is often taken simultaneously with the multilateral bargaining ...

â â â â â â â â â â â  the recent global crisis, as a big crash ( baldwin and simon , 2009), has reduced foreign demand growth affecting total countries’ exports. given the importance of foreign trade to nations and the reality that recent crisis has affected international trade we study the effects of the global financial crisis on trade relations between countries by using ma and cheng (200...