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Do WTO commitments reduce the risk of trade policy reversals? To address this question, we rely on the theoretical model of varying cooperative tariffs by Bagwell and Staiger (1990) to specify our empirical model for the probability of a tariff increase. We then study how WTO tariff commitments...
Persistent link: https://www.econbiz.de/10010462834
Do WTO commitments reduce the risk of trade policy reversals? To address this question, we rely on the theoretical model of varying cooperative tariffs by Bagwell and Staiger (1990) to specify our empirical model for the probability of a tariff increase. We then study how WTO tariff commitments...
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The decline of most world commodity prices came to an end in recent months. The aggregate dollar price level was 15 per … of world economic growth. In the case of several commodities, weak prices are fostered by abundant supplies. Commodities … small increase in commodity prices is expected in the forecast period. …
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