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I examine the hypothesis that membership in the World Trade Organization (WTO) and its predecessor the General …/WTO membership on the coefficient of variation in trade computed over 25-year samples, controlling for a number of factors. I also … use a comparable multilateral data set. There is little evidence that membership in the GATT/WTO has a significant …
Persistent link: https://www.econbiz.de/10012468487
During the period 1991-93, Finland experienced the deepest economic downturn in an industrialized country since the 1930s. We argue that the culprit behind this Great Depression was the collapse of Finnish trade with the Soviet Union, because it induced a costly restructuring of the...
Persistent link: https://www.econbiz.de/10012463774
terms by 2007. We evaluate how much benefit China can realistically receive from WTO membership given current problems with …
Persistent link: https://www.econbiz.de/10012468044
During the decade since 1973, the U.S. economy has become increasingly interdependent with the newly industrializing countries (NICs) among the developing countries. These countries have had high investment ratios to GNP, financed mainly by domestic saving, but also partly by foreign borrowing....
Persistent link: https://www.econbiz.de/10012477813
In 1901, six Australian states joined together in political and economic union, creating an internal free trade area and adopting a common external tariff. This paper investigates the impact of federation on Australia's internal and international trade flows by studying changes in the "border...
Persistent link: https://www.econbiz.de/10012466534
This paper identifies the effects of preferential trade agreements on trade volumes and prices using detailed trade and tariff data. It identifies demand elasticities by developing a difference in differences based method that exploits the fact that the additional wedge driven between...
Persistent link: https://www.econbiz.de/10012467628
Persistent link: https://www.econbiz.de/10013480891
We assess the impact of U.S. trade policy uncertainty (TPU) toward China in a tractable general equilibrium framework with heterogeneous firms. We show that increased TPU reduces investment in export entry and technology upgrading, which in turn reduces trade flows and real income for consumers....
Persistent link: https://www.econbiz.de/10012459285
gains for developing countries that the WTO membership seeks. Second, in attempting to integrate its developing country … membership into the world trading system, the WTO may face a "latecomers" problem that, while occurring also in earlier rounds …
Persistent link: https://www.econbiz.de/10012461008
We formalize the GATT/WTO principle of reciprocity in workhorse quantitative trade models, characterizing reciprocal tariff cuts that hold terms of trade fixed and investigating their labor-market impacts. We provide closed-form expressions mapping reciprocal tariff cuts to labor market...
Persistent link: https://www.econbiz.de/10015056161