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Turkish delight for some, cold turkey for others?: The effects of the EU-Turkey Customs Union

Adam, Antonis; Moutos, Thomas - 2005

Following Turkey’s application for EU membership in 1987, a Customs Union (CU) between Turkey and the EU, mainly … agricultural sector, Turkey also specializes in the production and exportation of relatively low-price, low-quality varieties of … asymmetric changes in the trade volumes of the incumbent countries of the EU as a result of the EU-Turkey CU. By examining …

Persistent link: https://www.econbiz.de/10010261340

A Tale of (Almost) 1001 Coefficients : Deep and Heterogeneous Effects of the Eu-Turkey Customs Union

Larch, Mario - 2019

In view of the deferred start of negotiations for the modernization of the Customs Union between the EU and Turkey (CU … additional increase in EU-Turkey manufacturing trade by 55-65% compared to the previously active Ankara Agreement. We also … provide evidence that the CU-EUT significantly increased Turkey’s trade with third countries. Additionally, a substantial …

Persistent link: https://www.econbiz.de/10012892084

Local Labor Market Effects of the 2002 Bush Steel Tariffs

Lake, James; Liu, Ding - 2022

President Bush imposed safeguard tariffs on steel in early 2002. Using US input-output tables and a generalized difference-in-difference methodology, we analyze the local labor market employment effects of these tariffs depending on the local labor market’s reliance on steel as an input and as...

Persistent link: https://www.econbiz.de/10014077197

Intra-Bloc Tariffs and Preferential Margins in Trade Agreements

Ornelas, Emanuel; Tovar, Patricia - 2021

We study, theoretically and empirically, how countries choose intra-bloc tariffs and preferential margins when they form Preferential Trade Agreements (PTAs). Our model indicates that countries should set systematically lower preferential margins when the bloc takes the form of a free trade area...

Persistent link: https://www.econbiz.de/10013215677

Offshoring and Non-Monotonic Employment Effects Across Industries in General Equilibrium

Baumgarten, Daniel; Irlacher, Michael; Koch, Michael - 2021

We address the mismatch between existing theoretical models and standard empirical practice in the analysis of the labor market effects of offshoring. While theory focuses on one-sector or two-sector models, empirical studies exploit variation in offshoring across a large number of industries,...

Persistent link: https://www.econbiz.de/10013315206

Minimum Wage, Trade and Unemployment in General Equilibrium

Marjit, Sugata - 2020

The path breaking work of Card and Krueger (1993), showing higher minimum wage can increase employment turned the age-old conventional wisdom on its head. This paper demonstrates that this apparently paradoxical result is perfectly plausible in a competitive general equilibrium production...

Persistent link: https://www.econbiz.de/10012841731

Trade with Nominal Rigidities : Understanding the Unemployment and Welfare Effects of the China Shock

Rodríguez-Clare, Andrés; Ulate, Mauricio; Vasquez, Jose - 2022

We present a dynamic quantitative trade and migration model that incorporates downward nominal wage rigidities and show how this framework can generate changes in unemployment and labor participation that match those uncovered by the empirical literature studying the “China shock.” We find...

Persistent link: https://www.econbiz.de/10014244023

Public Education Expenditure, Growth and Welfare

Angelopulos, Kōnstantinos; Malley, James R.; … - 2021

In this paper we study the quantitative macroeconomic effects of public education spending in USA for the post-war period. Using comparable measures of human and physical capital, from Jorgenson and Fraumeni (1989, 1992a,b), we calibrate a standard dynamic general equilibrium model where human...

Persistent link: https://www.econbiz.de/10013316996

The Distributional Impact of Labour Market Reforms : A Model-Based Assessment

Röger, Werner - 2019

This paper studies the effects of labour market reforms on the functional distribution of income in a DSGE model (Roeger et al., 2008) with skill differentiation, in which households supply three types of labour: low-, medium- and high-skilled. The households receive income from labour, tangible...

Persistent link: https://www.econbiz.de/10012859991

Unilateral Tax Policy in the Open Economy

Kohl, Miriam; Richter, Philipp M. - 2021

This paper examines the effects of a unilateral reform of the redistribution policy in an economy open to international trade. We set up a general equilibrium trade model with heterogeneous agents allowing for country asymmetries. We show that under international trade compared to autarky, a...

Persistent link: https://www.econbiz.de/10013212255