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We study the relationship between participation in free trade agreements (FTAs) and the sustainability of democracy. Our model shows that FTAs can critically reduce the incentive of authoritarian groups to seek power by destroying protectionist rents, thus making democracies last longer. This...
Persistent link: https://www.econbiz.de/10013086606
We develop a novel two-stage methodology that allows us to study the empirical determinants of the ex post effects of past free trade agreements (FTAs) as well as obtain ex ante predictions for the effects of future FTAs. We first identify 908 unique estimates of the effects of FTAs on different...
Persistent link: https://www.econbiz.de/10012977471
This paper reviews the most significant recent developments in the theory of trade agreements. The paper offers an integrated approach to evaluating trade agreements, and uses the approach to present results on preferential and multilateral trade agreements. The paper identifies also several...
Persistent link: https://www.econbiz.de/10013316371
mechanisms. Whether these represent a partial replacement of the World Trade Organization (WTO) process for newly negotiated …
Persistent link: https://www.econbiz.de/10013318405
This paper highlights the severity of China’s AD problems, and high concentration of AD actions taken by the top initiators, noting that China can offer a higher level of economic integration in an RTA in exchange for improved regional AD provisions. Case studies on RTAs give precedents in...
Persistent link: https://www.econbiz.de/10013315550
Gravity equations have been used for more than 50 years to estimate ex post the partial effects of trade costs on international trade flows, and the well-known -- and traditionally presumed exogenous -- “trade-cost elasticity” plays a central role in computing general equilibrium trade-flow...
Persistent link: https://www.econbiz.de/10013014988
intensity. Next, using a novel data set based on the World Input-Output Database (WIOD), we examine the importance of the supply … intermediate inputs for economies in the Asia-Pacific region and examine the impact on domestic producer prices of changes in costs … price dynamics in the Asia-Pacific region …
Persistent link: https://www.econbiz.de/10013054011
ascertain that today's trade issues in Northeast Asia go beyond the traditional mechanisms of tariffs, and include "behind … transaction costs along with trade infrastructure facilities have significant influence on regional trade flows in Northeast Asia …. On average, 10 percent saving in transaction costs increases imports by about 5 percent in Northeast Asia. This paper …
Persistent link: https://www.econbiz.de/10013317394
Southeast Asia. In view of slowdown in growth and even recession in advanced economies as a result of the adverse impact of the … toward rising middle class of Asia. To successfully implement the new initiative of “Make in India”, India needs to be … local support industries as well as EASE efficient governance and regulatory system, including full transparency in the …
Persistent link: https://www.econbiz.de/10013009855
We study the relationship between participation in free trade agreements (FTAs) and the sustainability of democracy. Our model shows that FTAs can critically reduce the incentive of authoritarian groups to seek power by destroying protectionist rents, thus making democracies last longer. This...
Persistent link: https://www.econbiz.de/10010877928