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On the Widely Differing Effects of Free Trade Agreements : Lessons from Twenty Years of Trade Integration
Baier, Scott L. - 2016
We develop a novel two-stage methodology that allows us to study the empirical determinants of the ex post effects of past free trade agreements (FTAs) as well as obtain ex ante predictions for the effects of future FTAs. We first identify 908 unique estimates of the effects of FTAs on different...
Persistent link: https://www.econbiz.de/10012977471
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Multilateralising Regionalism : Spaghetti Bowls as Building Blocs on the Path to Global Free Trade
Baldwin, Richard E. - 2007
the role the WTO might play in guiding them. Two facts form the departure point: 1) Regionalism is here to stay; 2) the … motley assortment of regional trade agreements is not the best way to organise world trade. Moving to global duty-free trade … and uses it to structure a narrative of world trade liberalisation since 1947. The logic is then used to project the world …
Persistent link: https://www.econbiz.de/10012778295
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Open Regionalism in a World of Continental Trade Blocs
Wei, Shang-Jin; Frankel, Jeffrey A. - 2021
Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to … reduction of trade barriers against non-member countries. That may not be politically feasible. On the other hand, in a world of …
Persistent link: https://www.econbiz.de/10013225933
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Bilateral Negotiations and Multilateral Trade : The Case of Taiwan-U.S. Trade Talks
Chen, Tain-Jy; Liu, Meng-Chun - 2021
This paper reviews the history of bilateral trade negotiations between Taiwan and the U.S. The question posed at the outset is: does bilateralism enhance or jeopardize multilateralism? The U.S.-Taiwan experience seems to suggest a grossly negative answer. Bilateral negotiations for market...
Persistent link: https://www.econbiz.de/10013218908
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Trade Imbalances and Multilateral Trade Cooperation
Marchetti, Juan A.; Ruta, Michele; Teh, Robert - 2021
the “coherence gap” in global governance. This paper examines the contribution that the WTO can make in its three areas of … argument that could be made for the use of WTO-triggered trade actions to enforce cooperative behaviour towards rebalancing …
Persistent link: https://www.econbiz.de/10013315818
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The Role of History in Bilateral Trade Flows
Eichengreen, Barry; Irwin, Douglas A. - 2021
This paper investigates the theory and evidence that history plays a role in shaping the direction of international trade. Because there are reasons to anticipate a positive correlation between the predominant direction of trade flows in the past and membership in preferential arrangements in...
Persistent link: https://www.econbiz.de/10013212584
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Hubs and Spokes, and Free Trade in the Americas
Kowalczyk, Carsten; Wonnacott, Ronald J. - 2021
This paper compares two possible formats for free trade in the Americas: a system of spokes surrounding a U.S. hub, and a free trade area. The paper identifies the sources of welfare change, and it argues that a country's attitude towards a system depends on whether the arrangement is a...
Persistent link: https://www.econbiz.de/10013222627
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The "New" Economics of Trade Agreements : From Trade Liberalization to Regulatory Convergence?
Grossman, Gene M. - 2019
What incentives do governments have to negotiate "new trade agreements," i.e., agreements that constrain not only governments' choices of tariffs, but also their domestic regulatory policies? We focus on horizontal product standards, i.e., those that impose requirements along a horizontal...
Persistent link: https://www.econbiz.de/10012865274
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Protection Reduction and Diversion : Ptas and the Incidence of Antidumping Disputes
Prusa, Thomas J. - 2010
We analyze whether preferential trade agreements (PTAs) affect the incidence and pattern of antidumping (AD) filings. We estimate AD provisions in PTAs have decreased the incidence of intra-PTA AD cases by 33-55% and have increased the number of AD actions against non-PTA members by 10-30%. The...
Persistent link: https://www.econbiz.de/10013139109
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The Gatt's Starting Point : Tariff Levels Circa 1947
Bown, Chad P. - 2016
How high were import tariffs when GATT participants began negotiations to reduce them in 1947? Establishing this starting point is key to determining how successful the GATT has been in bringing down trade barriers. If the average tariff level was about 40 percent, as commonly reported, the...
Persistent link: https://www.econbiz.de/10013002771