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The European Union (EU) supports developing countries with a unilateral trade preference scheme. The scheme underwent a major reform in 2014, in which many countries lost access to reduced tariff rates. We analyse how this radical step that removed preferences from 103 countries by 2018 fits...
Persistent link: https://www.econbiz.de/10013167618
To date, government procurement has been effectively carved out of the main multilateral rules of the WTO system. This paper examines the systemic and other ramifications of this exclusion, from both an economic and a legal point of view. In addition to relevant elements of the WTO Agreements,...
Persistent link: https://www.econbiz.de/10010430680
Extensive research has demonstrated the existence of large potential welfare gains from trade facilitation - measures to reduce the overall costs of the international movement of goods. From an equity perspective an important question is how those benefits are distributed across and within...
Persistent link: https://www.econbiz.de/10010127883
This paper provides the first quantitative evidence on the restrictiveness of services policies in 2016 for a sample of developing countries, based on recently released regulatory data collected by the World Bank and WTO. We use machine learning to recreate to a high degree of accuracy the...
Persistent link: https://www.econbiz.de/10013232957
Extensive research has demonstrated the existence of large potential welfare gains from measures to facilitate trade - reduce trade costs - for African countries in particular. However, concerns have been expressed by policymakers regarding the distribution of the benefits and costs of trade...
Persistent link: https://www.econbiz.de/10011845326
The manufacturing sector has played an important role in the structural transformation process in the developing world by providing jobs and income opportunities. Using data from 131 developing countries for the period 1991-2020, we estimate the impact of trade liberalisation on manufacturing...
Persistent link: https://www.econbiz.de/10014350739
Trade in services is often hampered by domestic administrative barriers, even when countries are members of the same regional trade agreement. We exploit a large reform in the European Union (the EU Service Directive) targeted to reduce such administrative hurdles in cross-border service...
Persistent link: https://www.econbiz.de/10011974855
Trade in services is often hampered by domestic administrative barriers, even when countries are members of the same regional trade agreement. We exploit a large reform in the European Union (the EU Service Directive) aimed at reducing such administrative hurdles in cross-border service...
Persistent link: https://www.econbiz.de/10012039057
This paper compares the solution methods and baseline calibration of three different quantitative trade models (QTMs): computable general equilibrium (CGE) models, structural gravity (SG) models and models employing exact hat algebra (EHA). The different solution methods generate identical...
Persistent link: https://www.econbiz.de/10011992776
Estimates for ad valorem tariff equivalents of services trade restrictions for cross-border trade in six services sectors are presented in this paper. These equivalents are found to be very big in several service sectors with estimates ranging as high as 2000% when trade flows are relatively...
Persistent link: https://www.econbiz.de/10011695356