We examine the composition of bilateral trade between the United States and eight Asian Pacific economies from 1962 to 1992. Two complementary time series analyses of individual commodities at the SITC four-digit level indicate that significant changes occurred in trade composition during this period. We use a measure of normalized trade balances, developed by Gagnon and Rose (1995). For the ei...

We examine the composition of bilateral trade between the United States and eight Asian Pacific economies from 1962 to 1992. Two complementary time series analyses of individual commodities at the SITC four-digit level indicate that significant changes occurred in trade composition during this period. We use a measure of normalized trade balances, developed by Gagnon and Rose (1995). For the ei...

This paper examines the impact of sanctions on trade, and how international relations influences the welfare implications of sanctions. Sanctions intend to punish target countries by inhibiting them from the gains from trade. The e↵ect of sanctions depends on not only the bilateral impact on trade but how much trade is diverted to other countries. I decompose international trade by the types of...

Missing trade is defined as the exports and imports that may have taken place between two potential trading partners, but which are unknown to the researcher because neither partner reported them to the United Nation’s COMTRADE, the official global repository of trade statistics. In a comprehensive sample of African countries, over 40% of the potential trade flows fit this definition. For a con...

Trade requires search, negotiation, and exchange, which are activities that absorb resources. This paper investigates how different trade networks attend to these activities. An artificial market is constructed in which autonomous agents endowed with a stock of goods seek out partners, negotiate a price, and then trade with the agent offering the best deal. Different trade networks are imposed ...

In the era of economic globalization, cultural goods trade has assumed a vital role in overall bilateral trade. It has become an emerging and transformative force behind socio-cultural-economic development and an important source of inclusive growth. Once virtually unlocked, trade in cultural goods is now fast growing with world-wide market openings. Trade liberalisation in cultural goods thus ...

According to the recent literature on finance, financial development generates a larger value of trade flows. Nevertheless, whereas access to capital has much increased during the last two decades, trade economists tell us that the number of bilateral trade relationships remained unchanged or increased at a much lower rate. This paper investigates the role of financial development on the intens...

T.N. Srinivasan and Vani Archana INTRODUCTION The standard models of international trade such as the Ricardian, Hecksher-OhlinSamulelson (HOS) and specific factor models focus on explaining the commodity patterns of trade between countries and their determinants primarily comparative advantage. Constant returns to scale in production are assumed to prevail so that the structure of production in...

This paper studies the effect of strengthening intellectual property rights (IPRs) after the signing of the TRIPS on agricultural trade, for the period 1995-2011. It uses data of agricultural exports and a new yearly index of intellectual property (IP) protection, for 60 developed and developing countries. Also, the paper studies bilateral trade links and the intensive and extensive margins of ...