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China's Overinvestment and International Trade Conflict

Schnabl, Gunther - 2019

For a long time, China's impressive growth performance has been driven by investment and high productivity gains. Based … on the recent discussion on possible overcapacities and overinvestment in China, the paper investigates the … sustainability of China's investment- and export-driven growth model. It is shown that since the turn of the millennium buoyant …

Persistent link: https://www.econbiz.de/10012866404

New Output Gap Estimates for Assessing Fiscal Policy with Lessons for Euro Area Reform

Oksanen, Heikki - 2019

diminishing conflicts and mistrust. The numerous reform proposals should be assessed under two key criteria: (1) reducing mistrust …

Persistent link: https://www.econbiz.de/10012892285

Super-Additive Cooperation

Efferson, Charles; Bernhard, Helen; Fischbacher, Urs; … - 2022

Repeated interactions provide a prominent but paradoxical hypothesis for human cooperation in one-shot interactions 1–3. Intergroup competitions 4–7 provide a different hypothesis that is intuitively appealing but heterodox. We show that neither mechanism reliably supports the evolution of...

Persistent link: https://www.econbiz.de/10014240476

Trade Protection Along Supply Chains

Bown, Chad P.; Conconi, Paola; Erbahar, Aksel; … - 2021

During the last decades, the United States has applied increasingly high trade protection against China. We combine … investment. Our baseline estimates for 1988-2016 indicate that, due to AD protection against China, around 1.8 million US jobs …

Persistent link: https://www.econbiz.de/10013251244

Trade Protection and the Role of Non-Tariff Barriers

Kinzius, Luisa - 2019

A growing share of modern trade policy instruments is shaped by non-tariff barriers (NTBs). Based on a structural gravity equation and the recently updated Global Trade Alert database, we empirically investigate the effect of NTBs on imports. Our analysis reveals that the implementation of NTBs...

Persistent link: https://www.econbiz.de/10012892167

Quantifying Disruptive Trade Policies

Balistreri, Edward J. - 2019

Mainstream economic wisdom favoring cooperative free trade is challenged by a wave of disruptive trade policies. In this paper, we provide quantitative evidence concerning the economic impacts of tariffs implemented by the United States in 2018 and the subsequent retaliations by partner...

Persistent link: https://www.econbiz.de/10012892204

The Empire Project : Trade Policy in Interwar Canada

Lampe, Markus; O'Rourke, Kevin Hjortshøj; Reiter, Lorenz; … - 2023

This paper uses a new dataset on the universe of Canadian imports and tariffs between 1924 and 1936, disaggregated into 1697 goods originating in 112 countries, to analyse the impact on Canadian imports of interwar Canadian trade policy, including the 1932 Ottawa trade agreements. Rather than...

Persistent link: https://www.econbiz.de/10014356600

Trade Policy Along the Global Value Chain : A Rationale for the Existence of Deep Trade Agreements

Egger, Hartmut; Fischer-Thöne, Christian - 2022

This paper sets up a model of trade, in which two countries with differing levels of technology specialize in the production of sub-stages of the global value chain. In the open economy, the technologically backward country exports intermediates in exchange for imports of a homogeneous...

Persistent link: https://www.econbiz.de/10014240317

Phase Out Tariffs, Phase in Trade?

Besedeš, Tibor - 2019

What causes U.S. trade with Mexico and Canada to continue growing faster, for up to a decade, relative to countries with which the U.S. does not have a free trade agreement? Baier and Bergstrand (2007) suggest that tariff phase-out and delayed pass-through of tariffs into import prices could...

Persistent link: https://www.econbiz.de/10012871646

Preferential Trade Liberalization with Endogenous Cartel Discipline : Implications for Welfare and Optimal Trade Policies

Agnosteva, Delina - 2020

We consider an international cartel whose members interact repeatedly in their own as well as in third-country segmented markets. Cartel discipline-an inverse measure of the degree of competition between firms-is endogenously determined by the cartel's incentive compatibility constraint (ICC),...

Persistent link: https://www.econbiz.de/10012822505