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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 on the recent U.S.-China trade war. We discuss methods used to evaluate …
Persistent link: https://www.econbiz.de/10013361989
export growth following the permanent normalization of trade relations with China (PNTR). But there was also an offsetting … declined in the most exposed industries because of the export destruction effect. On aggregate, the US and China both gain from … PNTR, but the gains are larger for China. …
Persistent link: https://www.econbiz.de/10012817913
relationship is concentrated among establishments with low initial levels of labor productivity, capital intensity and skill …
Persistent link: https://www.econbiz.de/10011803703
tariff in either sector boosts the size and productivity of that sector, raising welfare. While these forces are reinforced … potential productivity benefits. The welfare benefits of final-good tariffs thus tend to be larger, with the optimal degree of … tariff escalation increasing in the extent of downstream returns to scale. A quantitative evaluation of the US-China trade …
Persistent link: https://www.econbiz.de/10013334443
estimates of the trade elasticity. We use data on US imports and trade policy from 1974-2017 for China and Vietnam …
Persistent link: https://www.econbiz.de/10015361444
We use the dynamics of U.S. imports across goods in the period around the U.S.-China trade war with a model of exporter … China would face Non-Normal Trade Relations tariffs in the future. Our findings imply that the expected mean future U ….S. tariff on China rose more under President Biden than under President Trump. We also show that the trade response to the trade …
Persistent link: https://www.econbiz.de/10014486241
In a world with increasingly integrated global supply chains, trade policy targeting upstream products has unintended consequences on their downstream industries. In this paper, we examine whether protection granted to intermediate manufacturers leads to petition for protection by their...
Persistent link: https://www.econbiz.de/10011539982
We analyze the effects of China's rapid export expansion following World Trade Organization (WTO) entry on U.S. prices …, exploiting cross-industry variation in trade liberalization. Lower input tariffs boosted Chinese firms' productivity, lowered … costs, and, in conjunction with reduced U.S. tariff uncertainty, expanded export participation. We find that China's WTO …
Persistent link: https://www.econbiz.de/10012933681
and the Trans-Pacific Partnership, includes both China and the United States. By failing to connect these economies, these … agreements would leave much of the economic and political gains from Asia-Pacific economic integration unexploited. A China …
Persistent link: https://www.econbiz.de/10014141306
China's rapid rise in the global economy following its 2001 World Trade Organization (WTO) entry has raised questions … benefits. We find that the China trade shock reduced the U.S. manufacturing price index by 7.6 percent between 2000 and 2006 … (PNTR) to China, effectively removing the threat of China facing very high tariffs on its exports to the United States. A …
Persistent link: https://www.econbiz.de/10011667739