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Can free trade help convert the ‘Arab Spring’ into permanent peace and democracy?
No full textUsing a panel gravity model of trade for the period 1995–2010, this paper estimates the potential for increased intra-regional trade among 10 countries of the southern and eastern Mediterranean coast. It examines how closer integration through the EU’s revised neighborhood policy can encourage democratisation and conflict resolution. The main results indicate that while the gains realized to date from regional integration have been small, significant potential gains from deep integration exist. The paper proposes that the EU starts by negotiating deep and comprehensive free trade agreements with Egypt, Israel and Jordan provided these countries also negotiate them with each other.Inmaculada Martínez-Zarzoso gratefully acknowledges the financial support received from the research project (ECO2010-15863) granted by the Spanish Ministry of Science and
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Free Trade Agreements, Institutions and the Exports of EasternPartnership Countries
Get PDFFollowing popular protests at home and the fall of the government, Ukraine reversed course andjoined Georgia and Moldova in signing Association Agreements in June 2014. This article hastwo main aims. First, using a gravity model of trade, it estimates the effects of deep and shallowfree trade agreements for the EaP (Eastern Partnership) states with Russia and the EU respectively.Second, by relating the outcomes of the first estimation to the quality of in stitutions, proxied withthe level of democracy and the level of corruption in the selected countries, the paper estimates theeffect on exports of changes in the quality of institutions. The main results show that the EaP coun-tries gain significantly from free trade agreements with the EU but little if anything from free tradeagreements with Russia, and that improvements in the quality of institutions in EaP countries haveplayed an important role in fostering exports.The authors acknowledge the support and collaboration of Project ECO2014-58991-C3-2-R funded by theSpanish Ministry of Economy and Competitiveness and of Project ‘Production Networks and Economic Integration’ fundedby Fundación Caja Castellón-Bancaja
Seigniorage, financial intermediation, and the international role of the Dollar, 1960-1971
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Effects of cargo reservation , , : A review of UNCTAD's code of conduct for liner conferences
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