Abstract This paper evaluates the trade and welfare implications of further East Asian integration, through signing China-Japan-Korea FTA, continued tensions between US China. Our analysis uses a structural gravity approach to explore effects these cooperative non-cooperative policies. key findings are: (i) for China, FTA can compensate (ii) in terms members involved, reductions tariffs are exp...

one of the basic tenets in recent international trade literature is about the effect of trade integration on business cycle synchronization (bcs) among trading countries. the objective of this paper is to explore the main determinants of business cycle synchronization, with emphasis on trade integration. to this end, we have specified two simultaneous regression equations which were estimated b...

A Note for Discussion prepared for the session titled Doha Round and the International Framework for Agricultural Policies at The Future of Agriculture: A Global Dialogue amongst Stakeholders Organised by International Chair WTO/Regional Integration (University of Barcelona), International Centre for Trade and Sustainable Development (ICTSD) and International Food and Agricultural Trade Policy ...

One of the basic tenets in recent international trade literature is about the effect of trade integration on business cycle synchronization (BCS) among trading countries. The objective of this paper is to explore the main determinants of business cycle synchronization, with emphasis on trade integration. To this end, we have specified two simultaneous regression equations which were estimated b...

Measures to actively facilitate trade are increasingly seen as essential to assist developing countries in expanding trade and benefiting from globalisation. Although often viewed as narrowly concerned with the ease and speed of Customs procedures, even greater trade cost reductions and trade and welfare benefits may be reaped from a broader view of trade facilitation (TF) that incorporates tra...

We analyse the effects of increasing returns and regional integration on industry location and trade. Theoretically, we show that regional integration can induce a non-monotonic locus of industry location inside the customs union, with initial dispersion to the periphery and later concentration in the core. Relationships of locational dispersion with scale economies (monotonically negative) and...

Regionalism is an integral part of the broader economic policy reforms that have occurred in the Western Hemisphere over the last decade. This chapter examines the dynamic effects of regional integration arrangements in the Western Hemisphere on the U.S. economy, including U.S. agriculture and agricultural trade, by taking into account changes in saving-investment and capital accumulation. Thro...

Professor Crawford 2 " The ordinary means therefore to increase our wealth and treasure is by foreign trade, wherein we must ever observe this rule; to sell more to strangers yearly than we consume of theirs in value. " Thomas Mun, 1664. The movement of goods and services across borders has been a concern for as long as nation-states have existed. Now, in today's modern society of globalization...

I apply concentration measures from the inequality literature the Lorenz curve and Gini coefficient to the measurement of global and regional integration, and show that these can be derived from the theoretical gravity model in the presence of unequal costs of access for firms from different locations to a particular market. Overall, comparing 9 economies, I find that the USA is the most global...