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Icebergs versus Tariffs: A Quantitative Perspective on the Gains from Trade

Felbermayr, Gabriel J.; Jung, Benjamin; Larch, Mario - 2013

Recent quantitative trade models treat import tariffs as pure cost shifters so that their effects are similar to iceberg trade costs. We introduce revenue-generating import tariffs, which act as demand shifters, into the framework of Arkolakis, Costinot and Rodriguez-Clare (2012), and generalize...

Persistent link: https://www.econbiz.de/10010292713

Estimating the Trade and Welfare Effects of Brexit: A Panel Data Structural Gravity Model

Oberhofer, Harald; Pfaffermayr, Michael - 2017

This paper proposes a new panel data structural gravity approach for estimating the trade and welfare effects of Brexit. The suggested Constrained Poisson Pseudo Maximum Likelihood Estimator exhibits some useful properties for trade policy analysis and allows to obtain estimates and confidence...

Persistent link: https://www.econbiz.de/10011794167

Merger Policy in a Quantitative Model of International Trade

Breinlich, Holger; Nocke, Volker; Schutz, Nicolas - 2016

In a two-country international trade model with oligopolistic competition, we study the conditions on market structure and trade costs under which a merger policy designed to benefit domestic consumers is too tough or too lenient from the viewpoint of the foreign country. Calibrating the model...

Persistent link: https://www.econbiz.de/10011522409

China's Overinvestment and International Trade Conflict

Schnabl, Gunther - 2019

For a long time, China's impressive growth performance has been driven by investment and high productivity gains. Based on the recent discussion on possible overcapacities and overinvestment in China, the paper investigates the sustainability of China's investment- and export-driven growth...

Persistent link: https://www.econbiz.de/10012866404

Trade Protection Along Supply Chains

Bown, Chad P.; Conconi, Paola; Erbahar, Aksel; … - 2021

During the last decades, the United States has applied increasingly high trade protection against China. We combine detailed information on US antidumping (AD) duties — the most widely used trade barrier — with US input-output data to study the effects of trade protection along supply...

Persistent link: https://www.econbiz.de/10013251244

Trade Policy Along the Global Value Chain : A Rationale for the Existence of Deep Trade Agreements

Egger, Hartmut; Fischer-Thöne, Christian - 2022

This paper sets up a model of trade, in which two countries with differing levels of technology specialize in the production of sub-stages of the global value chain. In the open economy, the technologically backward country exports intermediates in exchange for imports of a homogeneous...

Persistent link: https://www.econbiz.de/10014240317

Reciprocity, world prices and welfare

Raimondos-Møller, Pascalis; Woodland, Alan D. - 2011

We examine in detail the circumstances under which reciprocity, as defined in Bagwell and Staiger (1999), leads to fixed world prices. We show that a change of tariffs satisfying reciprocity does not necessarily imply constant world prices in a world of many goods and countries. While it is...

Persistent link: https://www.econbiz.de/10010278903

On the Heterogeneous Trade and Welfare Effects of GATT/WTO Membership

Felbermayr, Gabriel J.; Larch, Mario; Yalcin, Erdal; … - 2020

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 … general equilibrium effects of GATT/WTO on welfare, which are sizable and heterogeneous across members, and relatively small …

Persistent link: https://www.econbiz.de/10012314842

WTO Membership and the Shift to Consumption Taxes

Buettner, Thiess; Madzharova, Boryana - 2016

Using a panel of 97 mostly developing and transitional countries for the period 1990-2011, this paper explores fiscal implications of membership in the World Trade Organization (WTO). Em-ploying robust difference-in-difference specifications as well as semi-parametric methods, we find that...

Persistent link: https://www.econbiz.de/10011522552

Research governance in academia : are there alternatives to academic rankings?

Osterloh, Margit; Frey, Bruno S. - 2009

Peer reviews and rankings today are the backbone of research governance, but recently came under scrutiny. They take explicitly or implicitly agency theory as a theoretical basis. The emerging psychological economics opens a new perspective. As scholarly research is a mainly curiosity driven...

Persistent link: https://www.econbiz.de/10010266056

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