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 ...

Success in international trade depends, amongst other things, on distance from markets. Most new economic geography models focus on the distance between countries. In contrast much less theorizing and empirical analysis have focused on how distances within a country—for instance due to the location behaviour of exporting firms—matter to international trade. In this paper we contribute to the li...