Trade Volume Effects of the Euro : Aggregate and Sector Estimates (2006)
The gravity model is used to estimate the trade volume effects of the creation of the European currency union. The euro is estimated to have raised the level of aggregate trade between euro countries...
Euro effects on the intensive and extensive margins of trade (2006)
We estimate that the euro has increased trade within the eurozone by about 26 per cent and trade between the eurozone and outsiders by about 12 per cent on average for the years 2002-2005 compared to...
Transition Dynamics and Trade Policy Reform in Developing Countries
Francois, Joseph, Nordström, Håkan, Shiells, Clint R.
This paper emphasizes the relevance of classical transition dynamics for trade policy, particularly for developing countries. The empirical evidence from cross-country growth regressions points to...
Trade Volume Effects of the Euro: Aggregate and Sector Estimates
The gravity model is used to estimate the trade volume effects of the creation of the European currency union. The euro is estimated to have raised the level of aggregate trade between euro countries...
Euro Effects on the Intensive and Extensive Margins of Trade
We estimate that the euro has increased trade within the eurozone by about 26 per cent and trade between the eurozone and outsiders by about 12 per cent on average for the years 2002-2005 compared to...
The Uruguay Round: A Global General Equilibrium Assessment
Francois, Joseph, McDonald, Brad, Nordström, Håkan
In this paper we provide an economic assessment of the Uruguay Round agreements on tariffs, textiles and clothing, and agriculture, highlighting scale economies, imperfect competition, and dynamic...
Why do Pre-tax Car Prices Differ so Much Across European Countries?
The European car market is segmented by regulatory measures that support price discrimination by manufacturers and make consumer arbitrage difficult and costly. In a sample covering 43 models making...
Francois, Joseph, Nordström, Håkan
The US Corporate Average Fuel Economy (CAFE) regulation mandates, subject to a civil penalty, producers to achieve a certain fleet average fuel economy on sales of new passenger cars. Analysing the...
A User's Guide to Uruguay Round Assessments
Francois, Joseph, McDonald, Brad, Nordström, Håkan
In this paper we provide a broad overview of the computable general equilibrium (CGE) literature on the Uruguay Round, detailing the policy experiments of various studies and differences in model...
Trade Liberalization and Investment in a Multilateral Framework
Francois, Joseph, McDonald, Brad, Nordström, Håkan
This paper explores trade policy and investment linkages in a multicountry framework. This is done under alternative steady-state closure rules linking trade to consumption, production, and...
Is The Use Of The WTO Dispute Settlement System Biased?
Horn, Henrik, Mavroidis, Petros C, Nordström, Håkan
The larger trading nations have been the main users of the WTO Dispute Settlement system during its first four years of existence (1995-1998). This has prompted a debate about whether the DS system...