Showing 1 - 10 of 454
We test empirically for evidence that government tariff-setting behavior depends on the degree of discretion with which policy-makers are endowed. We do this by studying government tariff choices under two distinct environments. One environment is that of tariffs set under the Escape Clause...
Persistent link: https://www.econbiz.de/10005085370
Persistent link: https://www.econbiz.de/10005665295
We argue in this paper that the second-best nature of trade-policy intervention makes it likely that the issue of time consistency viii be an important consideration in determining both the extent and the efficacy of such intervention in most environments. The point is seen most directly by...
Persistent link: https://www.econbiz.de/10005720059
Persistent link: https://www.econbiz.de/10007685716
Persistent link: https://www.econbiz.de/10002902117
We present a framework for understanding and interpreting reciprocity and nondiscrimination, the two principles that are the pillars of the multilateral trading system as embodied in GATT and its successor, the WTO. We show that GATT’s principle of reciprocity serves to neutralize the...
Persistent link: https://www.econbiz.de/10009472574
Despite the important role played by GATT in the world economy, economists have not developed a unified theoretical framework that interprets and evaluates the principles that form the foundation of GATT. Our purpose here is to propose such a framework. Working within a general equilibrium trade...
Persistent link: https://www.econbiz.de/10009472576
Persistent link: https://www.econbiz.de/10005527636
Persistent link: https://www.econbiz.de/10005527688
Persistent link: https://www.econbiz.de/10005527718