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This book discusses the developments in trade theories, including new-new trade models that account for firm level trade flows, trade growth accounting using inverse gravity models (including distortions in gravity models), the impact of trade liberalization under the aegis of regional and multilateral liberalization efforts of economies using partial and general equilibrium analysis, methodologies of constructing ad valorem equivalents of non-tariff barriers, volatility spillover effects of financial and exchange rate markets. The main purpose of the book is to guide researchers working in the area of international trade, especially focused on empirical analysis of trade policy issues by updating their knowledge on issues related to trade theory, empirical methods, and their applications. The book would prove useful for policy makers, academicians, and researchers.

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CHAPTER 1: Introduction PART -A : Developments in Trade Theory, Gravity Modeling and Its Applications CHAPTER 2: Developments in International Trade Theory and Gravity Modelling CHAPTER 3: Revisiting Strategic Trade Theory CHAPTER 4: A Model of International Entry and Exit with Endogenous Sunk Costs in Vertical Markets CHAPTER 5: Trade Growth Accounting in Goods and Services: An Empirical Exercise CHAPTER 6: Calculation of Ad Valorem Equivalents of Non-Tariff Barriers: A Case Study of 16 RCEP Countries CHAPTER 7: Bilateral Trade Costs and Growth of Trade in Services: A Comparative Study of India and China PART - B : Some Applications of General Equilibrium Analysis CHAPTER 8: Theoretical Exposition of Some Ex-Ante Approaches to Assess the Proposed Trade Policy CHAPTER 9: Assessment of Impact of Food-Safety Measures on Exports: A Gravity and CGE Analysis Focusing on India CHAPTER 10: Gains from India-GCC Free Trade Agreement: A General Equilibrium (AGE) Analysis CHAPTER 11: Lebanon´s Accession to the WTO: An Ex-Ante Macroeconomic Impact Assessment CHAPTER 12: Goods Trade Liberalization under Canada-India FTA and Its Impact: Partial and General Equilibrium Analysis PART - C : Other Related Topics CHAPTER 13: Estimating the Impact of Technical Barriers to Trade: The Case of Perfumes and Toilet Waters in Ecuador CHAPTER 14: Does Trade Openness Increase Wage Elasticity of Labour Demand in Indian Manufacturing Industries? CHAPTER 15: An Analysis of Dynamic Spillover in India´s Forex Derivatives Markets CHAPTER 16: Future Avenues in Trade Policy Research

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Somesh K. Mathur is Professor of Economics in the Department of Humanities and Social Sciences at Indian Institute of Technology Kanpur, India. He has published in journals like Review of International Economics, World Economy, Geneva Papers on Risk and Insurance, Economic and Political Weekly, Journal of Quantitative Economics, Global Economy Journal, and more.

Rahul Arora is a Ph.D. student in Economics in the Department of Humanities and Social Sciences, Indian Institute of Technology Kanpur, India. His broader area of research is Quantitative analysis of International Trade.

Sarbjit Singh is a Ph.D. student in Economics in the Department of Humanities and Social Sciences, Indian Institute of Technology Kanpur, India. His broader area of research is Quantitative analysis of International Trade.

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