This paper aims to empirically examine the drivers of bilateral balance trade model for Georgian-Chinese economy from 2000 2020 and influence Georgia-China free agreement on trade. The Error Correction Model (ECM) ARDL was used see if its predictors have a long-term relationship. One ARDL’s defining properties is that it may be utilized in circumstances when there minimal data, regardless level...

This paper argues that the growing US trade de…cit has caused the decline of the WTO and the rise of regional trade agreements. A country in de…cit prefers to retain market power against countries with a large surplus. Multilateral cooperation restricts its choice. This notion is formalized in a three-country game in which countries negotiate multilaterally and, if that fails, bilaterally. The ...

 Libya experienced a substantial increase in oil revenue as a result of increased oil prices during the period of the late 1970s and early 1980s, and again after 2000. Recent increases in oil production and the price of oil, and their positive and negative macroeconomic impacts upon key macroeconomic variables, are of considerable contemporary importance to an oil dependent economy such as that...