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Trade Policy and Global Sourcing : An Efficiency Rationale for Tariff Escalation

Antràs, Pol; Fort, Teresa C.; Gutierrez, Agustin; … - National Bureau of Economic Research - 2022

Import tariffs tend to be higher for final goods than for inputs, a phenomenon commonly referred to as tariff …-maximizing tariffs are uniform across sectors. We show that tariff escalation can be rationalized on efficiency grounds in the presence … up the chain for final-good tariffs, input tariffs may drive final-good producers to relocate abroad, mitigating their …

Persistent link: https://www.econbiz.de/10013334443

The Impact of AI and Cross-Border Data Regulation on International Trade in Digital Services : A Large Language Model

Sun, Ruiqi; Trefler, Daniel - National Bureau of Economic Research - 2023

The rise of artificial intelligence (AI) and of cross-border restrictions on data flows has created a host of new questions and related policy dilemmas. This paper addresses two questions: How is digital service trade shaped by (1) AI algorithms and (2) by the interplay between AI algorithms and...

Persistent link: https://www.econbiz.de/10014437056

The Uncharted Waters of International Trade

Antràs, Pol - National Bureau of Economic Research - 2024

The field of international trade has undergone significant theoretical and empirical advancements over the last twenty-five years. A key breakthrough has been the emergence of firm-level approaches to studying exporting, importing, and global value chains. The field has also experienced a...

Persistent link: https://www.econbiz.de/10015171713

Exploiting Complementarity in Applied General-Equilibrium Models : Heterogeneous Firms, Multinationals, Capacity Constraints, Endogenous Zeros

Markusen, James R. - National Bureau of Economic Research - 2024

Applied general-equilibrium (AGE) models have often made compromises to circumvent difficult modeling problems. One of these is avoiding endogenous zeros, ruling out important questions. Traditional perfect competition models: when do technologies or trade links switch from active to inactive or...

Persistent link: https://www.econbiz.de/10014635684

Harmonization...What Else? The Role for International Regulatory Agreements

Maggi, Giovanni; Mrázová, Monika - National Bureau of Economic Research - 2024

We examine the potential role of international agreements on product standards through a stylized model where countries have different regulatory preferences and firms incur fixed costs of regulatory diversity. Overall, our analysis suggests that the common perception of regulatory agreements as...

Persistent link: https://www.econbiz.de/10015171719

Firm Export Dynamics in Interdependent Markets

Alfaro-Urena, Alonso; Castro-Vincenzi, Juanma; Fanelli, … - National Bureau of Economic Research - 2023

We estimate a model of firm export dynamics featuring cross-country complementarities. The firm decides where to export by solving a dynamic combinatorial discrete choice problem, for which we develop a solution algorithm that overcomes the computational challenges inherent to the large...

Persistent link: https://www.econbiz.de/10014337843

Lessons from U.S.-China Trade Relations

Caliendo, Lorenzo; Parro, Fernando - National Bureau of Economic Research - 2022

We review theoretical and empirical work on the economic effects of the United States and China trade relations during the last decades. We first discuss the origins of the China shock, its measurement, and present methods used to study its economic effects on different outcomes. We then focus...

Persistent link: https://www.econbiz.de/10013361989

Recovering Credible Trade Elasticities from Incredible Trade Reforms

Alessandria, George A.; Shafaat Yar Khan; Khederlarian, … - National Bureau of Economic Research - 2025

We study how trade-policy dynamics affect the dynamics of trade volumes and the implications of these effects for estimates of the trade elasticity. We use data on US imports and trade policy from 1974-2017 for China and Vietnam--the countries with the largest import growth and the largest...

Persistent link: https://www.econbiz.de/10015361444

Foundation of the Small Open Economy Model with Product Differentiation

Caliendo, Lorenzo; Feenstra, Robert C. - National Bureau of Economic Research - 2022

We derive a small open economy (SOE) as the limit of an economy as the number or size of its trading partners goes to infinity and trade costs also go to infinity. We obtain this limit in the Armington, Eaton-Kortum, Krugman, and Melitz models. In all cases, the trade of the SOE with the foreign...

Persistent link: https://www.econbiz.de/10013334441

Trade Barriers and Market Power : Evidence from Argentina's Discretionary Import Restrictions

Atkin, David; Blaum, Joaquin; Fajgelbaum, Pablo D.; … - National Bureau of Economic Research - 2024

magnitude of optimal tariffs. Import prices rose by 4% as a result of Argentina's import restrictions, but would have risen by …

Persistent link: https://www.econbiz.de/10014468237