E conomic integration among countries has continued to deepen over the past decade. This is especially visible at the regional level, with the escalation of Regional Integration Agreements (RIAs) ranging from Free Trade Areas (FTAs) to Customs Unions (CUs). Nowadays, many developing countries have entered a new regional integration agreement with developed and developing countries. S...

This paper analyzes the effects of credit frictions in a trade model where heterogeneous firms select both into exporting and two types external finance. While small producers face stronger rely on bank finance, large have access to cheaper bond The analysis shows that shock leads an increase share use selection effect is used explain observed decrease finance relative during global financial c...

Recently, the Russian Far East has been receiving close attention from government of Federation. Accelerated economic development Eastern regions requires trade intensification with foreign and domestic markets, which implies a reduction various barriers. The study aims to assess external internal barriers using consistent dataset relevant econometric model for estimations. assessment barriers,...

In this paper we examine how preferential trade liberalization affects the terms of trade, external tariffs and welfare of the integrating countries and the rest of the world. Our analysis is based on a three-country, three-good, general equilibrium model with symmetric customs union (CU) members. The model generalizes previous work by considering more general consumer preferences and productio...