Showing 1 - 10 of 286
This paper examines the role of the burden of proof (BoP) in National Treatment (NT) disputes under trade agreements … know the motives for policies that are allegedly pursued to protect the environment, but that also give commercial …
Persistent link: https://www.econbiz.de/10005025513
This paper builds a two-country (North, South), two-sector (polluting, nonpolluting) trade model with directed … produced with a clean and a dirty input. I show that a temporary Northern policy combining clean research subsidies and a trade … tax can ensure sustainable growth but Northern carbon taxes alone cannot. Trade and directed technical change accelerate …
Persistent link: https://www.econbiz.de/10011084402
world-wide SO2 emissions and estimate the impact of trade on emissions. Contrarily to concerns raised by environmentalists … reduction in emissions. A second exercise comparing the actual trade situation with an autarky benchmark estimates that trade …
Persistent link: https://www.econbiz.de/10005504371
dynamic, heterogeneous firms model we show that: (i) investment and entry into export markets is reduced when trade policy is …We provide theoretical and empirical evidence that policy uncertainty can significantly affect firm level investment … and entry decisions in the context of international trade. When market entry costs are sunk, policy uncertainty can create …
Persistent link: https://www.econbiz.de/10011083993
TA when the trading environment is more uncertain. As exogenous trade costs decline, the gains from decreasing trade …In this paper we explore the potential gains that a trade agreement (TA) can provide by regulating trade …-policy uncertainty, in addition to the more standard gains from reducing the mean levels of trade barriers. We show that in a standard …
Persistent link: https://www.econbiz.de/10011084554
This paper emphasizes the relevance of classical transition dynamics for trade policy, particularly for developing … to trade policy reforms. The paper employs a simple growth model to examine these effects, formally developing the …
Persistent link: https://www.econbiz.de/10005124093
A basic question for the design of bankruptcy law concerns whether value should be divided in accordance with absolute priority. Research done in the past decade has suggested that deviations from absolute priority have beneficial ex ante effects. In contrast, this Paper shows that ex post...
Persistent link: https://www.econbiz.de/10005656137
International agreements increasingly constrain the ability of governments to use trade policies whereas few … constraints apply to the use of investment policies. Using a model in which a local and a foreign firm compete in the domestic … the domestic government is constrained in its ability to use trade policy, but is free to set its FDI policy. We find that …
Persistent link: https://www.econbiz.de/10005067449
's assets are sold at an auction. The model suggests that low greenfield costs and low trade costs induce foreign acquisitions …
Persistent link: https://www.econbiz.de/10005114299
The National Treatment clause (NT) is the first-line defence in the GATT (and in most other trade agreements) against …. Furthermore, it requires a high degree of economic sophistication on behalf of trade negotiators in order for this beneficial …
Persistent link: https://www.econbiz.de/10005661666