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Optimal Tariffs : The Evidence
Broda, Christian - 2006
The theoretical debate over whether countries can and should set tariffs in response to the foreign export elasticities … exists no evidence about whether countries actually exploit their market power in trade by setting higher tariffs on goods … countries that are not members of the World Trade Organization systematically set higher tariffs on goods that are supplied …
Persistent link: https://www.econbiz.de/10012466636
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Permanent Income, Import Prices, and the Demand for Imported Consumer Durbales : A Structural Econometric Investigation
Clarida, Richard H. - 1993
This paper derives a rational expectations, permanent income model of the demand for imported consumer durable goods. Assuming that the preferences of the representative household are addilog, our model implies that the log of the exact but unobservable utility index of permanent income must in...
Persistent link: https://www.econbiz.de/10012474513
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Co-Integration, Aggregate Consumption, and the Demand For Imports : A Structural Econometric Investigation
Clarida, Richard H. - 1991
This paper uses a two-good version of Hall's (1978) representative agent, permanent income model to derive a structural import demand equation for nondurable consumer goods. Under the identification restriction that taste shocks are stationary, the model is shown to imply that log imports, log...
Persistent link: https://www.econbiz.de/10012475184
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International Trade and Intertemporal Substitution
Leibovici, Fernando - 2014
This paper studies the dynamics of international trade flows at business cycle frequencies. We show that introducing dynamic considerations into an otherwise standard model of trade can account for several puzzling features of trade flows at business cycle frequencies. Our insight is that...
Persistent link: https://www.econbiz.de/10012458169
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Trade Policy with Heterogeneous Traders : Do Quotas Get a Bum Rap?
Krishna, Kala - 2007
This paper considers the effects of trade policy--tariffs and quotas--when importing is done by competitive traders who … conventional ranking of tariffs and quotas is turned on its head: quotas are not as bad for welfare as previously believed, while … tariffs may restrict trade by more than originally intended. Furthermore, the allocation of property rights (quota licenses …
Persistent link: https://www.econbiz.de/10012465614
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Misreporting Trade : Tariff Evasion, Corruption, and Auditing Standards
Kellenberg, Derek - 2016
gaps between importer- and exporter-reported trade vary systematically with GDP, tariffs and taxes, auditing standards …
Persistent link: https://www.econbiz.de/10012456086
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The Nixon Shock after Forty Years : The Import Surcharge Revisited
Irwin, Douglas A. - 2012
On August 15, 1971, President Richard Nixon closed the gold window and imposed a 10 percent surcharge on all dutiable imports in an effort to force other countries to revalue their currencies against the dollar. The import surcharge was lifted four months later after the Smithsonian agreement...
Persistent link: https://www.econbiz.de/10012460910
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A World Trading System for the Twenty-First Century
Staiger, Robert W. - National Bureau of Economic Research - 2021
I explore whether the world trading system of the twentieth century can be adapted to address the challenges of the twenty-first. I first develop an understanding of how GATT functioned during the twentieth century, and which features of the economic environment were most important in...
Persistent link: https://www.econbiz.de/10012585431
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Trade and Environment Beyond Singapore
Whalley, John - 1996
This paper discusses the likely evolution of the trade and environment issue in the World Trade Organization after the upcoming ministerial meeting in Singapore this December. It makes a number of points. Progress within the GATT/WTO on this issue looks likely to be slow and painfully...
Persistent link: https://www.econbiz.de/10012473066
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The WTO Government Procurement Agreement and Its Impacts on Trade
Chen, Hejing - 2011
Results suggest that GPA membership has a positive impact on trade in both goods and services between parties as well as on outward foreign affiliate service sales. The number of GPA parties has a small marginal negative effect on trade in goods. Service exports also increase slightly with more...
Persistent link: https://www.econbiz.de/10012461293