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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
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
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
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/10012751064
As tariff barriers have fallen worldwide, regulation of domestic policy has become increasingly important in international trade agreements. This has led to the emergence of a theoretical literature addressing the integration of perfectly observable domestic policy into trade agreements....
Persistent link: https://www.econbiz.de/10013101178
We propose a simple and flexible econometric approach to quantify ex-ante the “deep” impact of trade liberalization and the “hard” effects of protection with the empirical structural gravity model. Specifically, we argue that the difference between the estimates of border indicator...
Persistent link: https://www.econbiz.de/10013216771