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as it substitutes expenditures into own goods and improve its terms of trade with non retaliatory regions, while China …, while the surplus region, China, and the ROW have welfare gains. In both models, when the bilateral tariff rates are very … will are borne by the US and China in lost exports, lowered terms of trade and adjustment costs at home …
Persistent link: https://www.econbiz.de/10012461292
Because of large and rapid growing export volumes and its formal status as a non-market economy; China has been the … are against China; India, in turn, is the largest source of initiation against China by number of actions. Here we explore … empirically. We use industrial panel data on all Chinese firms in the industry, foreign firms operating within China and state …
Persistent link: https://www.econbiz.de/10012462211
We review theoretical and empirical work on the economic effects of the United States and China trade relations during … the last decades. We first discuss the origins of the China shock, its measurement, and present methods used to study its … economic effects on different outcomes. We then focus on the recent U.S.-China trade war. We discuss methods used to evaluate …
Persistent link: https://www.econbiz.de/10013361989
We assess the impact of U.S. trade policy uncertainty (TPU) toward China in a tractable general equilibrium framework … turn reduces trade flows and real income for consumers. We apply the model to analyze China's export boom around its WTO …
Persistent link: https://www.econbiz.de/10012459285
country, single period numerical general equilibrium model which captures China and her major trading partners and examine the … outcomes of trade policy bargaining solutions (bargaining over tariffs and financial transfers) over time as China grows more … parameterizations. This yields a measure of both absolute and relative gain to China from bargaining. We calibrate our model to base …
Persistent link: https://www.econbiz.de/10012460832
We use the dynamics of U.S. imports across goods in the period around the U.S.-China trade war with a model of exporter … China would face Non-Normal Trade Relations tariffs in the future. Our findings imply that the expected mean future U ….S. tariff on China rose more under President Biden than under President Trump. We also show that the trade response to the trade …
Persistent link: https://www.econbiz.de/10014486241
This paper provides a new heterogeneous firm model for trade where firms differ in their productivity and experience different market demand shocks. The model incorporates variations in trade policy, trade preferences, and the rules of origin needed to obtain them, to reflect real world...
Persistent link: https://www.econbiz.de/10012465935
This study grounds the establishment of EMU and the euro in the context of the history of international monetary cooperation and of monetary unions, above all in the U.S., Germany and Italy. The purpose of national monetary unions was to reduce transactions costs of multiple currencies and...
Persistent link: https://www.econbiz.de/10012464832
significant exchange rate movements. This analysis also suggests that a reduction in China's (very) large surplus will be needed …
Persistent link: https://www.econbiz.de/10012465752
This paper uses all Value Added Tax (VAT) changes across all EU Member States from 1988 to 2016 to estimate the effect of VATs on trade flows. We find small elasticities of trade flows with respect to VATs, in spite of some of the VAT changes being substantial. We estimate substantially smaller...
Persistent link: https://www.econbiz.de/10012480139