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and this is a problem when estimating log-linear gravity equations. This has caused many researchers to either ignore the zero trade flows or to replace the zero with a small positive number. Both of these actions bias the resulting parameter estimates of the gravity equation. In this study we...
Persistent link: https://www.econbiz.de/10009351548
When analyzing bilateral trade flow data, zero trade flows are quite common and problematic when a gravity equation is estimated with a log-linear functional form. This has caused many researchers to either ignore the zero trade flows or to replace zero with a small positive number. Both of...
Persistent link: https://www.econbiz.de/10008530400
Until there is a successful challenge at the WTO, the EU policy on LLP is likely to remain in place. Under this policy, there is a zero tolerance level for GM material that has not received EU authorization. Zero tolerance, however, has to be operationalized – what does an exporting country...
Persistent link: https://www.econbiz.de/10010882175
Public policy makers in Canada should expect the US to object to the extension of protection to EU GIs in the CETA. The expected gains made in other areas of the CETA for agreeing to protect EU GIs need to be weighed carefully against the potential cost of trade actions through NAFTA. The NAFTA...
Persistent link: https://www.econbiz.de/10010882176
Persistent link: https://www.econbiz.de/10010882177
The Canadian Farm Products Agencies Act (2012) requires that comparative advantage be used to guide the allocation of new quota under supply management. This requirement, however, has not been met in practice. Agricultural economists have proposed several ways of making this legal requirement...
Persistent link: https://www.econbiz.de/10010882179
There exists an extensive literature that attempts to identify important factors that determine trade policies. An understanding of these important factors could be useful when negotiating trade agreements, especially in agriculture, which is a relatively heavily supported industry. Limao and...
Persistent link: https://www.econbiz.de/10010882180
Negotiators from developed countries pushed hard for the inclusion of the TRIPS Agreement in the WTO set of agreements because it was viewed as a potentially effective method of coercing developing countries to strengthen their protection of intellectual property rights (IPR). We investigate...
Persistent link: https://www.econbiz.de/10010882181
Food safety regulations limit trade in bioproducts. Every country, however, has a duty to protect its citizens from food safety hazards. If risks are increasing under an existing food safety system then a strengthening of the regulatory regime can be justified, with the inevitable negative...
Persistent link: https://www.econbiz.de/10010909665
Canada is currently negotiating a Comprehensive Economic and Trade Agreement (CETA) with the European Union; the issue of Geographic Indications (GIs) is on the negotiating agenda and is expected to be one of the most contentious issues in the negotiations. While the exact nature of protection...
Persistent link: https://www.econbiz.de/10010909666