Abstract The EU-South Korea Free Trade Agreement, which entered into force in 2015, is an example of so-called “second-generation” regional trade agreements. Using the gravity equation and drawing on a novel dataset manufacturing goods (Monteiro World Organization, Geneva, 2020), I explore heterogeneity effects this agreement across time (anticipation phasing-in/delayed adjustment), country pai...

This paper estimates food miles effects for Korea. The data set is constructed using 4-digit Harmonized System codes for 169 products and each product’s trade flows with a total of 71 trading partners. The food miles level is estimated as 258 billion ton-km in 2010, which is equivalent to 5.4 million tons of carbon dioxide (CO2) emissions, or 1% of the total agricultural import value. Under the...

The Australia-United States Free Trade Agreement (AUSFTA) contains major concessions to the US pharmaceutical industry that may undermine the egalitarian principles and operation of the Pharmaceutical Benefits Scheme (PBS) and substantially increase the costs of medicinal drugs to Australian consumers. AUSFTA's approach to the PBS excessively emphasises the need to reward manufacturers of "inno...

A model of inward foreign direct investment for Australia is estimated. Foreign direct investment is found to be positively related to economic and productivity growth and negatively related to foreign portfolio investment, trade openness, the exchange rate and the foreign real interest rate. Foreign direct investment is found to be a substitute for both portfolio investment and trade in goods ...