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Gouel, Christophe; Jean, Sébastien - 2021

This paper shows how gains from trade are conditioned by love of variety, defined as the extent to which an additional product variety generates benefits in either final or intermediate consumption. We develop a multi-country, multi-sector gravity trade model where love of variety is...

Persistent link: https://www.econbiz.de/10012697075

Trade policy and structural change

Kato, Hayato; Takahashi, Motoaki - 2025

We examine how tariffs affect sectoral composition and welfare in an economy with nonhomothetic preferences and sectors being complements---key drivers of structural change. Beyond their conventional role in trade protection, tariffs influence industrial structure by altering relative prices and...

Persistent link: https://www.econbiz.de/10015447988

A theory of trade policy under dictatorship and democratization

Zissimos, Benjamin - 2017

This paper develops a new model of trade policy under dictatorship and democratization. The paper makes two contributions. One is to provide a deeper understanding of the relationship between political institutions and economic efficiency by studying the endogenous interaction between the form...

Persistent link: https://www.econbiz.de/10011721779

Trade agreements

Kowalczyk, Carsten; Riezman, Raymond Glenn - 2009

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/10003850514

World price shocks, income, and democratization

Zissimos, Benjamin - 2015

This paper shows how a world price shock can increase the likelihood that democratization must be used to resolve the threat of revolution. Initially, a ruling elite may be able to use trade policy to maintain political stability. But a world price shock can push the country into a situation...

Persistent link: https://www.econbiz.de/10010485531

Cutting through the value chain : the long-run effects of decoupling the East from the West

Felbermayr, Gabriel; Mahlkow, Hendrik; Sandkamp, … - 2022

With ever-increasing political tensions between China and Russia on one side and the EU and the US on the other, it only seems a matter of time until protectionist policies cause a decoupling of global value chains. This paper uses a computable general equilibrium trade model calibrated with the...

Persistent link: https://www.econbiz.de/10013186412

New trade models, same old emissions?

Sogalla, Robin; Wanner, Joschka; Watabe, Yuta - 2024

This paper investigates the role of firm heterogeneity in environmentally extended new trade models, contrasting Eaton-Kortum and Melitz models to Armington and Krugman models. We show that when emissions per sales are constant across firms -- a standard assumption in the literature -- all four...

Persistent link: https://www.econbiz.de/10015179210

Competing liberalizations : tariffs and trade in the 21st century

Bureau, Jean-Christophe; Guimbard, Houssein; Jean, … - 2016

This paper proposes a unique overview of trade policies trends since the launch of the Doha Round, based on detailed data on tariffs and trade covering 130 countries. We show that regionalism has delivered limited effective liberalization so far, leading to only a 0.3 percentage point (p.p.) cut...

Persistent link: https://www.econbiz.de/10011496864

The politics of international trade

Ethier, Wilfred; Hillman, Arye L. - 2017

strategic trade policy, the most-favored nation clause, preferential trading, duty-free zones, globalization, and direct voting …

Persistent link: https://www.econbiz.de/10011646904

Globalization and taxation : theory and evidence

Jha, Priyaranjan; Gozgor, Giray - 2019

We construct a theoretical model to capture the compensation and efficiency effects of globalization in a set up where … globalization- trade liberalization and financial openness- could potentially have different effects on taxation. We then provide … some empirical evidence on the relationship between taxation and the alternative modes of globalization using a large cross …

Persistent link: https://www.econbiz.de/10011996405