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The Role of Non-Discrimination in a World of Discriminatory Preferential Trade Agreements

Saggi, Kamal - 2020

In a three-country model of endogenous trade agreements, we study the implications of the Most Favored Nation Clause (MFN) when countries are free to form discriminatory preferential trade agreements (PTAs). While PTA members discriminate against non-member countries, MFN requires non-members to...

Persistent link: https://www.econbiz.de/10012839848

International Trade and Stable Resolutions of Resource Disputes

Garfinkel, Michelle Robin; Syropoulos, Constantinos - 2022

We consider a dynamic setting in which two sovereign states with overlapping ownership claims on a resource/asset ﬁrst arm and then choose whether to resolve their dispute violently through war or peacefully through settlement. Both approaches depend on the states’ military capacities, but...

Persistent link: https://www.econbiz.de/10014243081

Trade Protection and the Role of Non-Tariff Barriers

Kinzius, Luisa - 2019

A growing share of modern trade policy instruments is shaped by non-tariff barriers (NTBs). Based on a structural gravity equation and the recently updated Global Trade Alert database, we empirically investigate the effect of NTBs on imports. Our analysis reveals that the implementation of NTBs...

Persistent link: https://www.econbiz.de/10012892167

The KOF Globalisation Index - Revisited

Gygli, Savina - 2019

country in the world along the economic, social and political dimension. The original index was introduced by Dreher (2006 …We introduce the revised version of the KOF Globalisation Index, a composite index measuring globalization for every …) and updated in Dreher et al. (2008). This second revision of the index distinguishes between de facto and de jure measures …

Persistent link: https://www.econbiz.de/10012892154

Energy Markets and Global Economic Conditions

Baumeister, Christiane - 2020

usefulness for forecasting real oil prices and global petroleum consumption. We find that world industrial production is one of … different sources we can do even better. Our analysis results in a new index of global economic conditions and new measures for …

Persistent link: https://www.econbiz.de/10012834350

Globalization for Sale

Blanga-Gubbay, Michael - 2020

We study the role of firms in the political economy of trade agreements. Using detailed information from lobbying reports filed under the Lobbying Disclosure Act, we find that virtually all firms that lobby on free trade agreements (FTAs) support their ratification. Moreover, relative to...

Persistent link: https://www.econbiz.de/10012836007

Service Offshoring and Export Experience

Berlingieri, Giuseppe; Ornelas, Emanuel; Marcolin, Luca - 2021

Service inputs are a key component of the costs of exporting, and contribute to explain the process of internationalization of firms. A new dataset on the participation of French firms in global value chains reveals that firms with longer export experience in a market are more likely to source...

Persistent link: https://www.econbiz.de/10013224075

The Costs and Benefits of Rules of Origin in Modern Free Trade Agreements

Ornelas, Emanuel; Turner, John L. - 2022

We study the welfare impact of rules of origin in free trade agreements where final-good producers source customized inputs from suppliers within the trading bloc. We employ a property-rights framework that features hold-up problems in suppliers’ decisions to invest, and where underinvestment...

Persistent link: https://www.econbiz.de/10014077185

Advancing Global Carbon Abatement with a Two-Tier Climate Club

Iverson, Terrence - 2022

A two-tier climate club exploits the comparative advantage of large countries to mete out punishments through trade, while taking their capacity to resist punishment as a constraint. Countries outside the coalition price carbon at a fixed fraction of the average carbon price adopted within the...

Persistent link: https://www.econbiz.de/10014081042

Exchange Rate Elasticities of International Tourism and the Role of Dominant Currency Pricing

Ding, Ding; Timmer, Yannick - 2022

We estimate exchange rate elasticities of international tourism. We show that, in addition to the bilateral exchange rate, the exchange rate between the tourism origin country vis-à-vis the U.S. dollar is an important driver of tourism flows, indicating a strong role of U.S. dollar pricing. The...

Persistent link: https://www.econbiz.de/10014083483