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Reconciling observed tariffs and the median voter model

Dhingra, Swati - London School of Economics (LSE) - 2014

-abundant countries. As expected, terms of trade effects raise tariffs across all countries and are stronger among non-members of the WTO. …

Persistent link: https://www.econbiz.de/10011126297

Protection and international sourcing

Ornelas, Emanuel; Turner, John L. - London School of Economics (LSE) - 2008

We study the impact of import protection on relationship-specific investments, organizational choice and welfare. We show that a tariff on intermediate inputs can improve social welfare through mitigating hold-up problems. It does so if it discriminates in favor of the investing party, thereby...

Persistent link: https://www.econbiz.de/10010884590

Free trade agreements and the consolidation of democracy

Liu, Xuepeng; Ornelas, Emanuel - London School of Economics (LSE) - 2013

We study the relationship between participation in free trade agreements (FTAs) and the sustainability of democracy. Our model shows that FTAs can critically reduce the incentive of authoritarian groups to seek power by destroying protectionist rents, thus making democracies last longer. This...

Persistent link: https://www.econbiz.de/10010884636

A 'new trade' theory of GATT/WTO negotiations

Ossa, Ralph - London School of Economics (LSE) - 2008

I develop a novel theory of GATT/WTO negotiations. This theory provides new answers to two prominent questions in the … fundamental GATT/WTO principles of reciprocity and nondiscrimination? Relative to the standard terms-of-trade theory of GATT/WTO … model and therefore sheds new light on GATT/WTO negotiations between similar countries. Second, it relies on a production …

Persistent link: https://www.econbiz.de/10010928621

A swing-state theory of trade protection in the electoral college

Muûls, Mirabelle; Petropoulou, Dimitra - London School of Economics (LSE) - 2008

This paper develops an infinite-horizon, political agency model with a continuum of political districts, in which incumbent politicians can improve their re-election probability by attracting swing voters in key states through strategic trade protection. A unique equilibrium is shown to exist...

Persistent link: https://www.econbiz.de/10010928735

A simple model of the juggernaut effect of trade liberalisation

Baldwin, Richard E.; Robert-Nicoud, Frédéric - London School of Economics (LSE) - 2008

This paper posits a formal political economy model where the principle of reciprocity in multilateral trade talks results in the gradual elimination of tariffs. Reciprocity trade talks turn each nation’s exporters into anti-protectionists at home; they lower foreign tariffs by convincing their...

Persistent link: https://www.econbiz.de/10010928767

The auto-component supply chain in China and India: a benchmark study

Sutton, John - London School of Economics (LSE) - 2004

The aim of this study is to examine the extent to which Chinese and Indian autocomponent producers have advanced towards international best practice levels of productivity and quality. The report is based on a survey of nine car manufacturers in China and six in India; a range of general...

Persistent link: https://www.econbiz.de/10010745200

The ASEAN Free Trade Agreement: impact on trade flows and external trade barriers

Calvo-Pardo, Hector; Freund, Caroline; Ornelas, Emanuel - London School of Economics (LSE) - 2009

Using detailed data on trade and tariffs from 1992-2007, we examine how the ASEAN Free Trade Agreement has affected trade with non-members and external tariffs facing non-members. First, we examine the effect of preferential and external tariff reduction on import growth from ASEAN insiders and...

Persistent link: https://www.econbiz.de/10010745301

Trust-based trade

Araujo, Luis; Ornelas, Emanuel - London School of Economics (LSE) - 2007

Weak enforcement of international contracts can substantially reduce international trade. We develop a model where agents build reputations to overcome the difficulties that this institutional failure causes in a context of incomplete information. The model describes the interplay between...

Persistent link: https://www.econbiz.de/10010745456

When the claim hits: bilateral investment treaties and bounded rational learning

Poulsen, Lauge N. Skovgaard; Aisbett, Emma - London School of Economics (LSE) - 2013

Using the international investment regime as its point of departure, the paper applies notions of bounded rationality to the study of economic diplomacy. Through a multi-method approach, it shows that developing countries often ignored the risks of bilateral investment treaties (BITs) until they...

Persistent link: https://www.econbiz.de/10010745595