Rising China, anxious Asia? A Bayesian New Keynesian view / Chin-Yoong WONG, Yoke-Kee ENG , Muzafar Shah HABIBULLAH

Should Asia feel anxious about China’s expansion? We look for the answer through the Bayesian estimation of a two-country New Keynesian model of production fragmentation covering ten Asian economies, including China. The estimates show that vis-à-vis China, the developed Asia… Read moreRising China, anxious Asia? A Bayesian New Keynesian view / Chin-Yoong WONG, Yoke-Kee ENG , Muzafar Shah HABIBULLAH

TRIPS Council Debates Non-Violations, Innovation, Green Tech Transfer / Catherine Saez

Whether countries can bring intellectual property complaints against each other under the World Trade Organization even if they don’t violate WTO rules was a topic of debate this week, but could not be resolved. The WTO Council for Trade-Related Intellectual… Read moreTRIPS Council Debates Non-Violations, Innovation, Green Tech Transfer / Catherine Saez

Impact of South–South FDI and Trade on the Export Upgrading of African Economies / Alessia Amighini, Marco Sanfilippo

We explore the impact of FDI and imports on the upgrading of African exports. We find that South–South flows impact differently from North–South ones on the ability of recipients to absorb the positive spillovers. Results support the view that South–South… Read moreImpact of South–South FDI and Trade on the Export Upgrading of African Economies / Alessia Amighini, Marco Sanfilippo

Korea-U.S. FTA in its Second Year: Current Status of Implementation / Young-Gui Kim, Hyo-Young Lee, Jun-Gu Kang, and Hyuk-Hwang Kim.

Since the Korea-U.S. (KORUS) FTA entered into force on March 15, 2012, both sides have reviewed its status of implementation through various joint committee and working group meetings, and discussed ways to further advance their cooperation on bilateral trade issues… Read moreKorea-U.S. FTA in its Second Year: Current Status of Implementation / Young-Gui Kim, Hyo-Young Lee, Jun-Gu Kang, and Hyuk-Hwang Kim.

Occupational Choice and Income Inequalities under Regional Integration / Xi Yang

Abstract In a setting with occupational choice and trade between two asymmetric regions, this paper explores the impact of market size and economic integration on both regional inequality and local income inequality within each region. It is shown that market… Read moreOccupational Choice and Income Inequalities under Regional Integration / Xi Yang

Royale with Cheese: Globalization, Tourism, and the Variety of Goods / Matthew T. Cole and Ronald B. Davies

Abstract: The key result of the so-called “New Trade Theory” is that countries gain from falling trade costs by an increase in the number of varieties available to consumers. Though the number of varieties in a given country rises, many… Read moreRoyale with Cheese: Globalization, Tourism, and the Variety of Goods / Matthew T. Cole and Ronald B. Davies

Global Fiscal Adjustment and Trade Rebalancing / Warwick J. McKibbin, Andrew B. Stoeckel and YingYing Lu

Abstract The emergence of substantial fiscal deficits and a large build up of government debt in major advanced economies will inevitably lead to a period of fiscal consolidation in coming years. In an earlier paper, Asian Economic Papers, 9, 2010… Read moreGlobal Fiscal Adjustment and Trade Rebalancing / Warwick J. McKibbin, Andrew B. Stoeckel and YingYing Lu

The European Union’s Proposed Carbon Equalisation System: Some Implications for India’s Exports / Biswajit Dhar

Abstract: In 2009, the European Union (EU) proposed to use border carbon measures, which could take the form of a direct or indirect “carbon tax”, against imports from its partner countries that were not following its emission norms. While the… Read moreThe European Union’s Proposed Carbon Equalisation System: Some Implications for India’s Exports / Biswajit Dhar