A large and growing number of countries participate in multiple preferential trade
agreements (PTAs), which increasingly entail broad cooperation over policies extending far …

According to the terms-of-trade theory, governments use trade agreements to escape from a
terms-of-trade-driven prisoner's dilemma. We use the terms-of-trade theory to develop a …

This paper examines the extent to which tariff cooperation is observed among World Trade
Organization members. With the help of a simple political economy model, we show that …

Preferential trade agreements (PTAs) are characterized by liberalization with respect to only
a few partners and thus they can potentially clash with, and retard multilateral trade …

This article aims to address a fundamental question for analysts and students of
MERCOSUR: what explains the bloc's survival despite its recurrent crises and frequent …

This paper, based on the considerable practical experience of the IMF's Fiscal Affairs
Department, sets out a successful strategy for modernizing customs administration. The …

In a game of endogenous trade agreements between three countries, we show that while
the pursuit of customs unions (CUs) prevents global free trade from emerging as a coalition …

This paper analyses the evolution of the South American Common Market, Mercosur. We
show how the lack of coordination of macroeconomic policies, especially of the two major …

At the turn of the last century, the Argentine economy was on a path to prosperity that never
fully developed. International trade and trade policies are often identified as a major culprit …

In a political-economy setting where tariffs and duty drawbacks are endogenously chosen
through industry lobbying, it is shown that full duty-drawbacks are granted to exporters who …