Buckley & Strange (2015) have highlighted the major changes in the global location of economic activity over the past 30 years, with the emerging economies assuming greater shares relative to the advanced economies. They noted that the major drivers of these changes included inter alia economic restructuring and market liberalization in many countries in Asia, Eastern Europe and elsewhere; fina...

On April 24 and 25, 2009, the Globalization and Monetary Policy Institute joined with Southern Methodist University to cosponsor a conference on Globalization, Political Economy and Trade Policy at SMU’s Collins Executive Education Center. Nine scholarly papers were presented and discussed in three sessions. The first session consisted of two papers describing offshoring’s impact on the distrib...

The introduction of the euro generated substantial interest in the impact of currency unions (CUs) on trade flows. Initial estimates suggested a tripling of trade, which gave rise to a literature in search of “more reasonable” CU effects. Theoretical derivations of the gravity model highlight, however that the CU literature neglects to control simultaneously for general equilibrium effects (mul...

Recent models of international trade have identified product quality as an important determinant of bilateral trade flows. Yet relatively little is understood about the relationship between the characteristics of the export market and the quality of products. In this paper we examine this link using Chinese data. We find evidence that product unit values vary with standard gravity variables in ...

a r t i c l e i n f o The ASEAN–China free trade agreement went into effect January 1, 2010 and became the world's third largest FTA by trade volume after the European Economic Area and the North American Free Trade Agreement. This paper focuses on highlighting the impacts of the reduction of barriers to trade on investment in a dynamic general computable equilibrium framework. We present and c...

Pakistan’s economic ties with Turkey have improved in the past few years. A recently stated pledge to create a free trade agreement between Pakistan and Turkey is likely to trigger a further expansion of economic integration. This paper starts by reviewing trends in Pakistan’s bilateral trade with Turkey since 1996. Next, it estimates an augmented gravity model aiming to project Pakistan’s trad...

Globalisation is also having a profound impact on international agricultural trade. This study examines the of regional trade agreements (RTAs) and globalization maize using gravity model for period 1996-2020. The results show that, despite globalization, distance has larger negative bilateral than manufacturing sector. It appears that remains an important factor in explaining flows commodity m...

This study investigates whether trade costs have a systematic influence on the composition of developing countries' exports, one which is distinct from their effect volume trade. It uses World Bank's bilateral cost dataset and incorporates flows for large set countries. The identification strategy exploits variation in across countries differences sensitivity industries employs shifter as an in...

International trade has been transformed by participation in global value chains (GVCs), where services linkages play a critical role. Recent studies examine the impact of deep agreements on GVC-related trade, but none them focusses services. Using gravity framework, this paper investigates with substantial provisions bilateral foreign added embodied manufacturing exports. We also consider dept...