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Trade Liberalization, Input Intermediaries and Firm Productivity : Evidence from China
Defever, Fabrice - 2019
We investigate theoretically and empirically the role of wholesalers in mediating the productivity effects of trade … liberalization. Intermediaries provide indirect access to foreign produced inputs. The productivity effects of input tariff cuts on … firms experience productivity gains from reducing input tariffs if trade intermediation of foreign inputs within their …
Persistent link: https://www.econbiz.de/10012857766
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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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Structural Gravity and the Gains from Trade Under Imperfect Competition
Heid, Benedikt - 2020
We extend structural gravity models of bilateral trade flows to oligopolistic competition. We show that conventional gravity estimates do not only reflect trade costs but also market power. Our simple estimation procedure generalizes the standard gravity model and disentangles exogenous trade...
Persistent link: https://www.econbiz.de/10012840687
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Quantifying the EU-Japan Economic Partnership Agreement
Felbermayr, Gabriel J. - 2018
This paper provides a quantitative analysis of the new EU-Japan free trade agreement (FTA), the biggest bilateral deal that both the EU and Japan have concluded so far. It employs a generalized variant of the Eaton-Kortum (2002) model, featuring multiple sectors, input-output linkages, services...
Persistent link: https://www.econbiz.de/10012908655
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On the Heterogeneous Trade and Welfare Effects of GATT/WTO Membership
Felbermayr, Gabriel - 2020
We build on the latest developments in the structural gravity literature to quantify the partial and general equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 countries over the period 1980-2016, we find that the...
Persistent link: https://www.econbiz.de/10012822504
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Preferential Trade Liberalization with Endogenous Cartel Discipline : Implications for Welfare and Optimal Trade Policies
Agnosteva, Delina - 2020
We consider an international cartel whose members interact repeatedly in their own as well as in third-country segmented markets. Cartel discipline-an inverse measure of the degree of competition between firms-is endogenously determined by the cartel's incentive compatibility constraint (ICC),...
Persistent link: https://www.econbiz.de/10012822505
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Increasing Resistance to Globalization : The Role of Trade in Tasks
Egger, Hartmut - 2019
Based on empirical evidence from cross-country survey data, we argue that the surge of trade in tasks over the last decades can explain increasing resistance to globalization in industrialized countries. In a traditional trade model of a small open economy, we demonstrate that public education...
Persistent link: https://www.econbiz.de/10012865702
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Putting Canada in the Penalty Box : Trade and Welfare Effects of Eliminating NAFTA
Baier, Scott L. - 2019
Three years ago, very few economists would have imagined that one of the newest and fastest growing research areas in international trade is the use of quantitative trade models to estimate the economic welfare losses from dissolutions of major countries' economic integration agreements (EIAs)....
Persistent link: https://www.econbiz.de/10012866366
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Growth Gains from Trade
Marjit, Sugata - 2019
in explaining growth gains from trade. Using sectoral level data from WORLD KLEMS Database on industrial productivity and …
Persistent link: https://www.econbiz.de/10012860295
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Trade Liberalization, Selection and Technology Adoption with Vertical Linkages
Navas, Antonio - 2019
and their consequences on average productivity and welfare in a trade model with heterogeneous firms. We find that the … decisions, having an impact on the average productivity of the economy and, ultimately, on welfare …
Persistent link: https://www.econbiz.de/10012861384