Free Trade & Protective Trade

Beyond Trade Creation: Free Trade Agreements and Trade Disputes

This paper investigates the effects of the formation of free trade agreements (FTAs) on trade disputes. We construct a unique and comprehensive dataset on inter-country trade disputes from 1995 to 2007. The dataset covers 110 countries and 1130 trade disputes. We find that the incidences of trade disputes between two countries are positively associated with economic size, economic growth, and t...

Farsighted free trade networks

The paper examines the strategic stability and the e¢ ciency of free trade networks. We reconsider the endogenous tari¤ model introduced by Goyal and Joshi (2006). Di¤erent from their analysis with myopic countries, we adopt a new solution concept, pairwise farsighted stable set (Herings, Mauleon and Vannetelbosch, 2009, GEB), to examine the formation of free trade agreements (FTAs) as a networ...

Free Trade at Border

Free Trade or Protection: A Literature Review on Trade Barriers

The purpose of this paper is to, firstly explain the reason of international trade according to recent theories; secondly, collect several sorts of opinions about free trade and protectionism referring to relevant literatures; thirdly describe export barriers in different aspects, such as natural barriers and artificial barriers; lastly from trade regulation perspective introduce WTO as a tool ...

Terms of Trade and Global Efficiency Effects of Free Trade

This paper infers the terms of trade effects of Free Trade Agreements (FTAs) implemented in the 1990s. We estimate large FTA effects on bilateral trade volume in 2 digit manufacturing goods from 1990-2002, using panel data gravity methods to resolve two way causality. The terms of trade changes implied by these volume effects are deduced for 40 countries plus a rest-of-the-world aggregate using...