a r t i c l e i n f o JEL classification: F13 F42 F51 Keywords: Trade war out of fear Risk-dominant equilibrium Global game in trade policies Strategic complementarity Trade retaliation strategies This paper examines why the recent efforts to arrange free trade regimes have failed repeatedly focusing on the increased uncertainties in economic fundamentals and the asymmetric political economic c...

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...

The study aims to estimate an international reserves demand model for China using economic growth, propensity to import, real effective exchange rate and trade openness variables for quarterly period spanning from 1985Q1 to 2014Q4.The bounds testing technique to cointegration is used to test for a long run relationship, while the autoregressive distributed lag approach is used to estimate short...

economic sanctions appear to be a common feature of political interactions between states. economic sanctions have become increasingly important as alternative to military conflict since the last decade of twentieth century. this paper provides, through a gravity model, an estimation of the impact of economic sanctions on bilateral trade flows between iran and its major trading partners during ...