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An Economic Theory of GATT
Bagwell, Kyle; Staiger, Robert W. - 2021
Despite the important roel played by GATT in the world economy, economist have nto developed a unified theoretical … that includes all the major political-economy models of trade policy as special cases. Using this general framework we …
Persistent link: https://www.econbiz.de/10013219697
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Strategic Export Subsidies and Reciprocal Trade Agreements : The Natural Monopoly Case
Bagwell, Kyle; Staiger, Robert W. - 2021
Why do governments seek restrictions on the use of export subsidies through reciprocal trade agreements such as GATT? With existing arguments, it is possible to understand GATT's restrictions on export subsidies as representing an inefficient victory of the interests of exporting governments...
Persistent link: https://www.econbiz.de/10013237015
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Reciprocity, Non-Discrimination and Preferential Agreements in the Multilateral Trading System
Bagwell, Kyle; Staiger, Robert W. - 2021
and non-discrimination, the two principles that are the pillars of the multi- lateral trading system as embodied in GATT and its successor, the WTO. We show that GATT's principle of reciprocity serves to neutralize the world-price effects of a country's trade policy decisions, and hence can...
Persistent link: https://www.econbiz.de/10013239353