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The theoretical debate over whether countries can and should set tariffs in response to export elasticities goes back over a century to the writings of Edgeworth (1894) and Bickerdike (1907). Despite the optimal tariff argument's centrality in debates over trade policy, there exists no evidence...
Persistent link: https://www.econbiz.de/10005666427
Services are an important part of global economic activity and of international trade. Nevertheless, compared to its very large tourism sector, the sector of high-end business services in Thailand remains small. As IT and information, and professional services are traded indirectly through value...
Persistent link: https://www.econbiz.de/10012421217
The last two decades have witnessed a shift in the focus of international trade research from trade policy to other forms of trade frictions (eg, transportation, information and communication costs). Implicit in this development is the widespread view that trade policy no longer matters. We...
Persistent link: https://www.econbiz.de/10014023457
Artificial intelligence (AI) has strong potential to spur innovation, help firms create new value from data, and reduce trade costs. Growing interest in the economic and societal impacts of AI has also prompted interest in the trade implications of this new technology. While AI technologies have...
Persistent link: https://www.econbiz.de/10013202468
I find evidence that the geographic expansion of firm exports occurs slowly over time and that a large share of export growth is due to incumbent exporters entering new destinations. New exporters enter large countries and destinations with characteristics similar to their domestic market. Less...
Persistent link: https://www.econbiz.de/10010574407
In this paper we attempt to quantify the incidence of different types of technical barriers to trade (TBTs) on trade structures between seven Central and Eastern European countries (Hungary, Poland, Czech Republic, Slovakia, Slovenia, Bulgaria, and Romania) and the European Union at the...
Persistent link: https://www.econbiz.de/10009649633
Trade-diversion effects of free trade agreements (FTAs) have not been thoroughly examined empirically. Using a novel empirical approach, we confirm that FTAs divert trade away from non-member countries and even more so from internal trade (domestic sales) in member countries.
Persistent link: https://www.econbiz.de/10010743745
This paper uses the methodology developed in Kehoe and Ruhl (2013) to measure the change in the extensive, or new goods, margin of trade between Japan and China after China's entry into the World Trade Organization in 2001. The new goods account for 15.9% of Japanese exports to China and 22% of...
Persistent link: https://www.econbiz.de/10010906889
This paper examines the ‘small share’ problem inherent within the constant elasticity of substitution Armington specification. As a de facto research tool in the quantitative trade literature, this structural bias plagues the results of numerous multi-region CGE studies. Kuiper and van...
Persistent link: https://www.econbiz.de/10011048796
The government of British Columbia (BC) imposes restrictions on the export of logs from public and private forestlands, primarily to promote local processing and associated employment benefits. Most economists wholeheartedly oppose BC's export restrictions, arguing that BC's citizens are worse...
Persistent link: https://www.econbiz.de/10011116782