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If a free trade agreement (FTA) is characterized by the exchange of market access with a large and competitive trading partner, the agreement can cause a leakage of protectionist benefits to domestic industry from lobbying against external tariff cuts. This rent destruction effect of an FTA can...
Persistent link: https://www.econbiz.de/10010877912
Are product standards protectionism in disguise? This paper estimates the costs of non-compliance with U.S. product standards, using a new database on U.S. import refusals from 2002 to 2012. We find that import refusals significantly decrease exports to the United States. This trade reducing...
Persistent link: https://www.econbiz.de/10011103394
, assuming that the agreement would eliminate all transatlantic tariffs and reduce non-tariff barriers as other deep PTAs have …
Persistent link: https://www.econbiz.de/10011105368
Opposing theoretical predictions on the effects of trade preferences on multilateral tariff cuts point to the need for … paper examines the impact of Japan’s trade preferences on its multi-lateral tariff reductions. Using detailed product level … data, we find that Japan’s Generalized System of Preferences (GSP) acted as a stumbling block for the country’s external …
Persistent link: https://www.econbiz.de/10010764281
To understand the effects of trade policy uncertainty on firm-level export decisions, we study firm-product data on Chinese exports to the U.S. in the years surrounding China’s 2001 WTO accession. Following predictions based on a model of heterogeneous firms, we provide empirical evidence that...
Persistent link: https://www.econbiz.de/10010765496
Quantifying the welfare effects of trade liberalization is a core issue in international trade. Existing frameworks assume perfect labor markets and therefore ignore the effects of aggregate employment changes for welfare. We develop a quantitative trade framework which explicitly models labor...
Persistent link: https://www.econbiz.de/10010877646
phase-ins of agreements, lagged terms-of-trade effects, reverse causality, various estimation techniques, disaggregation …
Persistent link: https://www.econbiz.de/10010948834
bilateral measure of market access to compare tariffs applied in 1996 and 2006, which includes the timing of the Uruguay Round … and episodes of bilateral liberalization. Our econometric estimations show that the reduced tariffs imposed on emerging …
Persistent link: https://www.econbiz.de/10010877681
Historically, tariffs have been an attractive policy tool to protect domestic industries. The benefits of such a policy …
Persistent link: https://www.econbiz.de/10010877688
as tariffs, can continue to disadvantage foreign firms. We analyze the bidding strategies in such a game and show that … when domestic profits are valued, tariffs will be used to discriminate against foreign firms. Furthermore, we find that … optimal tariffs can be more protectionist than the optimal price preference, resulting in lower expected domestic welfare and …
Persistent link: https://www.econbiz.de/10010752159