Natural resources account for 20% of world trade, and dominate the exports of many countries. Policy is used to … manipulate both international and domestic prices of resources, yet this policy is largely outside the disciplines of the WTO … (equivalent to trade taxes if no domestic production is possible). We review the literature, and argue that the policy equilibrium …

(China) and India - in trade, investments and infrastructure development can foster outward-oriented development and economic …

In light of the recent tit-for-tat trade dispute between China and the US, interest in quantifying the effects of the … so-called phase one agreement has risen. To this end, the paper quantifies the impact of the asymmetric managed trade … for China and the US, trade diversion effects are also analyzed. The model-based analysis finds noticeable positive …

In light of the recent tit-for-tat trade dispute between China and the US, interest in quantifying the effects of the … so-called phase one agreement has risen. To this end, the paper quantifies the impact of the asymmetric managed trade … for China and the US, trade diversion effects are also analyzed. The model-based analysis finds noticeable positive …

WTO negotiations deal predominantly with bound - besides applied - tariff rates. But, how can reductions in tariffs … trade. We find that bound tariffs are more effective with higher risk destination markets, that a large binding overhang may …

Suppose that when addressing the question of “what’s left for the WTO?,” negotiators relied not on the agenda … established in 2001 but instead on the terms-of-trade theory of trade agreements to identify tariff negotiating priorities. This … paper uses the lens of the terms-of-trade theory to investigate three specific areas in which it is frequently alleged that …

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 average impact of GATT/WTO membership on trade among member counties is … for non-member countries. We show that countries not experiencing positive trade effects from joining GATT/WTO can still …

efficiency gains from trade liberalization in economies with a strong presence of SOEs? Using a new dataset of Vietnamese firms … characterizing SOEs operations in a model of trade with firm heterogeneity and show that they can hinder the selection effects of … openness and tame the aggregate productivity gains from trade. We empirically test these predictions analyzing the response of …

averse, food exporters may use trade policy to shield the domestic economy from large price shocks. This creates a … activism. We test this theory with a new dataset that comprises monthly information on trade measures across 125 countries and ….e. the share of international trade covered by export restrictions) are positively correlated with the probability of …