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Trade Agreements as Endogenously Incomplete Contracts

Maggi, Giovanni; Staiger, Robert W.; Horn, Henrik - National Bureau of Economic Research (NBER) - 2006

We propose a model of trade agreements in which contracting is costly, and as a consequence the optimal agreement may be incomplete. In spite of its simplicity, the model yields rich predictions on the structure of the optimal trade agreement and how this depends on the fundamentals of the...

Persistent link: https://www.econbiz.de/10005778415

What Do Trade Negotiators Negotiate About? Empirical Evidence from the World Trade Organization

Bagwell, Kyle; Staiger, Robert W. - National Bureau of Economic Research (NBER) - 2006

What do trade negotiators negotiate about? There are two distinct theoretical approaches in the economics literature that offer an answer to this question: the terms-of-trade theory and the commitment theory. The terms-of-trade theory holds that trade agreements are useful to governments as a...

Persistent link: https://www.econbiz.de/10005580271

U.S. Trade Policy Since 1934: An Uneven Path Toward Greater Trade Liberalization

Baldwin, Robert E. - National Bureau of Economic Research (NBER) - 2009

This paper presents a comprehensive but relatively brief historical survey of U.S. trade-policy over the last 75 years. It is aimed at individuals who are not already familiar with the concepts and terminology used in discussions of trade policy and the domestic and international institutional...

Persistent link: https://www.econbiz.de/10008627160

How Large are the Impacts of Carbon Motivated Border Tax Adjustments

Whalley, John; Dong, Yan - National Bureau of Economic Research (NBER) - 2009

, or as part of a global treaty and to be applied against non signatories. We use a four-region (US, EU, China, ROW … BTAs, BTAs reduce imports of committing countries, and increase imports by other countries. EU and US BTAs against China … reduce exports by China. With BTAs, the value of production in the country with carbon reduction measures are introduced …

Persistent link: https://www.econbiz.de/10008634644

Is the Washington Consensus Dead? Growth, Openness, and the Great Liberalization, 1970s-2000s

Taylor, Alan M.; Estevadeordal, Antoni - National Bureau of Economic Research (NBER) - 2008

According to the Washington Consensus, developing countries? growth would benefit from a reduction in tariffs and other barriers to trade. But a backlash against this view now suggests that trade policies have little or no impact on growth. If "getting policies right" is wrong or infeasible,...

Persistent link: https://www.econbiz.de/10005723140

Trade Theory with Numbers: Quantifying the Consequences of Globalization

Rodriguez-Clare, Andres; Costinot, Arnaud - National Bureau of Economic Research (NBER) - 2013

We review a recent body of theoretical work that aims to put numbers on the consequences of globalization. A unifying theme of our survey is methodological. We rely on gravity models and demonstrate how they can be used for counterfactual analysis. We highlight how various economic...

Persistent link: https://www.econbiz.de/10010969334

How Do the "GATS-Plus" and "GATS-Minus" Characteristics of Regional Service Agreements Affect Trade in Services?

Whalley, John; Zhou, Nianli - National Bureau of Economic Research (NBER) - 2014

Preferential liberalization of trade in services is a central feature of the new regionalism. "GATS-Plus" and "GATS-Minus" have become the distinctive characteristics of the service RTAs and this paper aims to investigate and distinguish the different effect of the "GATS-Plus" and "GATS-Minus"...

Persistent link: https://www.econbiz.de/10010951026

A Customs Union with Multinational Firms: The Automobile Market in Argentina and Brazil

Brambilla, Irene - National Bureau of Economic Research (NBER) - 2005

This paper looks empirically into the behavior of multinational firms in international oligopolistic markets with trade balance constraints. I show how a particular form of non-tariff barrier applied at the firm level can lead to an increase in trade flows in the presence of intra-firm strategic...

Persistent link: https://www.econbiz.de/10005084577

Neckties in the Tropics: A Model of International Trade and Cultural Diversity

Trindade, Vitor; Rauch, James E. - National Bureau of Economic Research (NBER) - 2005

Some cultural goods, like clothes and films, are consumed socially and are thus characterized by the same consumption network externalities as languages. At the same time, producers of new cultural goods in any one country draw on the stock of ideas generated by previous cultural production in...

Persistent link: https://www.econbiz.de/10005087495

Cape Verde and Mozambique as Development Successes in West and Southern Africa

Braga de Macedo, Jorge A.; Pereira, Luis Brites - National Bureau of Economic Research (NBER) - 2010

This paper applies an interpretation of how globalization and governance (G&G) interact with convergence given Cape Verde and Mozambique's particular geographical and historical contexts. We hold that development success under globalization entails, necessarily but not exclusively, positive...

Persistent link: https://www.econbiz.de/10008727868

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