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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
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International Trade and Stable Resolutions of Resource Disputes
Garfinkel, Michelle R.; 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
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Quantifying Disruptive Trade Policies
Balistreri, Edward J. - 2019
Mainstream economic wisdom favoring cooperative free trade is challenged by a wave of disruptive trade policies. In this paper, we provide quantitative evidence concerning the economic impacts of tariffs implemented by the United States in 2018 and the subsequent retaliations by partner...
Persistent link: https://www.econbiz.de/10012892204
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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
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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
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Tariffs and Politics : Evidence from Trump's Trade Wars
Fetzer, Thiemo - 2019
Are retaliatiory tariffs politically targeted and, if so, are they effective? Do countries designing a retaliation response face a trade-off between maximizing political targeting and mitigating domestic economic harm? We use the recent trade escalation between the US, China, the European Union...
Persistent link: https://www.econbiz.de/10012890196
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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
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The Global Effects of COVID-19-Induced Uncertainty
Caggiano, Giovanni - 2020
We estimate a three-variate VAR using proxies of global financial uncertainty, the global financial cycle, and world … outbreak. We predict the cumulative loss in world output one year after the uncertainty shock due to Covid-19 to be about 14% …
Persistent link: https://www.econbiz.de/10012834352
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Optimal Policy Under Dollar Pricing
Egorov, Konstantin - 2020
rest of the world. International cooperation benefits other countries by improving global demand for dollar-invoiced goods …
Persistent link: https://www.econbiz.de/10012834360
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Macroeconomics and the Environment : A Selective Survey
Sen, Partha - 2020
? National income accounts do not take into account non-market activities. Some progress has been made in the theory and …
Persistent link: https://www.econbiz.de/10012839360