I investigate the determinants of business cycles synchronization, across regions and over time. I use both international and intranational data to evaluate the linkages between trade in goods, trade in ...nancial assets, specialization and business cycles synchronization in the context of a system of simultaneous equations. In all speci...cations, the results are as follows. (i) Simultaneity i...

t his paper investigates the gain of bilateral trade between china and u.s. in manufacturing sectors when both countries play a role in asymmetric (biased) growth of  international trade. our model includes a special case of biased growth theory in international trade. we collected labor productivity, export and import data by using classification of manufacturing industries, for u.s. and china...

Relation-specific transactions are growing in international trade. It remains unclear how such transactions respond to external shocks differently from ordinary non-relation-specific international transactions, since their contract details are rarely available to researchers. We combine three widely known data sources to tackle this question. We find that shocks are primarily absorbed by the pr...

Despite the fact that importing and exporting are extremely rare firm activities, economists generally devote little attention to the role of firms when discussing international trade. This paper summarizes key differences between trading and non-trading firms, demonstrates how these differences present a challenge to standard trade models and shows how recent “heterogeneous-firm” models of int...

Introduction: Over the past fifteen years, there has been a dramatic rise in the number and range of regional or preferential trade agreements (PTAs). 1 There is evidence to suggest that market driven regional trading blocs are emerging in the European neighbourhood, the Americas and East Asia. The US is actively pursuing FTA in the Americas and East and South-East Asia. The European Union (EU)...

the article depicts the situation before cold war in which developing countries (dcs) and least developed countries (ldcs) found themselves big loser, as they were deprived from participation in trade negotiation process, leading into establishment of gatt . therefore, they resorted to unctad  as the sole defender of their interests against developed countries in trade negotiations. unctad has ...

Since the development of assisted reproductive technologies, infertile individuals have crossed borders to obtain treatments unavailable or unaffordable in their own country. Recent media coverage has focused on the outsourcing of surrogacy to developing countries, where the cost for surrogacy is significantly less than the equivalent cost in a more developed country. This paper discusses the e...

True. In low-income countries, openness to international trade is indispensable for rapid economic growth. Indeed, few developing nations have grown rapidly over time without simultaneous increases in both exports and imports, and virtually all developing countries that have grown rapidly have done so under open trade policies or declining trade protection. India and China are the best recent e...

E conomic integration among countries has continued to deepen over the past decade. This is especially visible at the regional level, with the escalation of Regional Integration Agreements (RIAs) ranging from Free Trade Areas (FTAs) to Customs Unions (CUs). Nowadays, many developing countries have entered a new regional integration agreement with developed and developing countries. S...