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We provide a synthesis of the theoretical models that study the use of escape clauses, also known as safeguards, in multilateral and preferential trade agreements. We consider models that explain this type of flexibility based on economic efficiency, political economy shocks, and...
Persistent link: https://www.econbiz.de/10014023452
The long-term declining role of manufacturing in the U.S. economy – reflecting a shift of the economy after World War … challenged the prevalent assumption, based on bilateral trade pacts after World War II, suggesting that economies recover from …
Persistent link: https://www.econbiz.de/10012962766
, there is a growing tendency to justify protectionism, especially by the United States of America. The rise of protectionism … strongly supported protectionism as a means of preserving jobs and reducing income inequality. The purpose of this article is … to examine whether the protectionism currently adopted by the United States is beneficial to economic growth. Moreover …
Persistent link: https://www.econbiz.de/10012172769
Import regulations are globally the most prevalent form of intervention in international trade. The regulations should, under rules of the WTO, protect consumers and the environment but can be used to protect producers. We investigate the ambiguity of intent. We set out a model that when applied...
Persistent link: https://www.econbiz.de/10012432992
A short--run model for estimating the procompetitive effects of foreign competition on markups in an oligopolistic, domestic industry is developed and estimated using data on the Australian automobile industry. Estimates reveal that these effects are rather large and cannot be ignored when...
Persistent link: https://www.econbiz.de/10014063340
represented 83% of the world's population and 91% of the world's GDP in 2013. We address five questions: Do some countries have …, how liberalized is world trade? Our analysis documents the extent of cross-sectional heterogeneity in applied commercial … policy barriers remain as an important feature of the world economy. …
Persistent link: https://www.econbiz.de/10014023444
%. This sequential pattern of increasing and widening protectionism to include successful exporters under contingent … the US. Thousands of poor people around the world live from honey production, and contingent protection measures …
Persistent link: https://www.econbiz.de/10014075160
In a world with increasingly integrated global supply chains, trade policy targeting upstream products has unintended … barriers of the US using its detailed input-output tables. As predicted by the theory, we find that measures on imported inputs …
Persistent link: https://www.econbiz.de/10011539982
In this paper, I estimate the impact of heterogeneity in non-tariff-measures (NTMs) policies on countries' global value chains (GVCs)-related trade and its backward and forward components. I firstly build a regulatory distance (RD) index, which measures the degree of dissimilarity in NTMs...
Persistent link: https://www.econbiz.de/10012662478
In this paper we take a systematic look at recent trends in global protectionism and at the potential implications of a … since the mid-2000s, and has possibly intensified since the start of the financial crisis. However, no World Trade … Organization (WTO) member has retreated into widespread trade restrictions or protectionism to date. Our model-based simulations …
Persistent link: https://www.econbiz.de/10013129992