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...

Until now, the value of inter-country trade within South Asian nations has been low. While similarities in the exports profiles can be seen as a reason for this low value of trade, it might not be a valid one, especially given the presence of growing South Asian income. The intraindustry trade theory suggests that complementarity might actually increase trade in the presence of a rising income....

This paper is an empirical attempt to investigate bilateral trade flow between Iran and Russia. To this end, we used statistical analyses on macroeconomic series over the period of 1991-2017. Results revealed that there is a significant statistical difference in terms of exports between Iran and Russia, and that there has always been a buyer-seller dialogue between the two countries. According ...

The issue of the interaction between trade and labor mobility has become a major topic in the context of economic integration and trade liberalization. The main purpose of this study is to investigate the issue of international labor mobility from the standpoint of new developments in trade theory, by asking the following question: does trade liberalization result in the substitution or complem...

World trade in dairy products is being transformed by trade policy liberalization and technological change in dairy processing. The mixed complementarity problem formulation to modeling product-specific dairy trade can overcome a number of the limitations of existing optimization models, and can facilitate desirable extensions to previous analyses.

This paper examines complementarity among vertical integration decisions in automobile product development. Though most research assumes that contracting choices are independent of each other, contracting complementarity may arise when governance choices impact the equilibrium degree of coordination among agents. First, effective coordination may depend on the level of (non-contractible) effort...

We examine the impact of aid for trade (AFT) on bilateral trade costs of African Nations. Using a comprehensive bilateral trade cost data from Arvis et al. (2013) and focusing on AFT recipients in Africa spanning the years 2002-2010, we show that increased AFT reduces bilateral trading costs, more so for the recipient’s trade with each other than recipients’ trade with their donors. Despite dif...