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We assess the impact of U.S. trade policy uncertainty (TPU) toward China in a tractable general equilibrium framework with heterogeneous firms. We show that increased TPU reduces investment in export entry and technology upgrading, which in turn reduces trade flows and real income for consumers....
Persistent link: https://www.econbiz.de/10012459285
We examine the role of trade policy uncertainty in shaping the import decisions of firms. If the adoption of a new input requires a sunk cost investment, then the prospect of price increases in that input, e.g. due to trade barriers, reduces the adoption of that input (a substitution effect) and...
Persistent link: https://www.econbiz.de/10012482130
With 150 member countries, and 29 more currently in the process of accession, the World Trade Organization (WTO) is the most important body governing international trade. However, there is little theory on how governments choose between alternative redistribution policies and no work has been...
Persistent link: https://www.econbiz.de/10009450596
We assess the impact of U.S. trade policy uncertainty (TPU) toward China in a tractable general equilibrium framework with heterogeneous firms. We show that increased TPU reduces investment in export entry and technology upgrading, which in turn reduces trade flows and real income for consumers....
Persistent link: https://www.econbiz.de/10011083973
Persistent link: https://www.econbiz.de/10010187039
Persistent link: https://www.econbiz.de/10010188709
Persistent link: https://www.econbiz.de/10011736604
Persistent link: https://www.econbiz.de/10011472294
We assess the impact of U.S. trade policy uncertainty (TPU) toward China in a tractable general equilibrium framework with heterogeneous firms. We show that increased TPU reduces investment in export entry and technology upgrading, which in turn reduces trade flows and real income for consumers....
Persistent link: https://www.econbiz.de/10013035139
Persistent link: https://www.econbiz.de/10012315692