Kiel Policy Brief No. 125: The authors sketch the economic costs for EU member countries in case of a reversal of the integration process by...

We employ theory-grounded sectoral gravity models to estimate the effects of various steps of European product market integration on trade...

Since July 2013, the EU and the United States have been negotiating a preferential trade agreement, the Transatlantic Trade and Investment...

To what extent has trade liberalization contributed to global and regional production fragmentation and the formation of production networks?...

Exporting not only provides firms with profit opportunities, but can also provide for risk diversification if is demand is stochastic and...

We analyze the welfare effects of trade and migration, focusing on two-sided horizontal heterogeneity among workers and firms. Horizontal...

The world’s production systems rely on tight global value chains. These value chains in turn rely on frictionless international trade and...

This paper examines the structure of the shipping network and its implications on global trade and welfare. Using novel data on the movements...

The European Union is the world’s deepest free trade zone. Amongst its members, it has abolished tariffs and lowered non-tariff barriers. This...

Almost 80% of trade is carried by sea, so disruptions to sea transport can damage trade flows and disrupt supply chains. As it turns out,...

Many countries offer state credit guarantees to support credit-constrained exporters. The policy instrument is commonly justified by...