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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/10014290047
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Tariffs Passing Through Retailers: Do Tariffs Actually Protect Domestic Manufacturers?
Cole, Matthew T.; Eckel, Carsten - 2014
Historically, tariffs have been an attractive policy tool to protect domestic industries. The benefits of such a policy …
Persistent link: https://www.econbiz.de/10010352394
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Foreign Bidders Going Once, Going Twice... Protection in Government Procurement Auctions
Cole, Matthew T.; Davies, Ronald B. - 2014
as tariffs, can continue to disadvantage foreign firms. We analyze the bidding strategies in such a game and show that … when domestic profits are valued, tariffs will be used to discriminate against foreign firms. Furthermore, we find that … optimal tariffs can be more protectionist than the optimal price preference, resulting in lower expected domestic welfare and …
Persistent link: https://www.econbiz.de/10010352432
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Tariff Bindings and the Dynamic Formation of Preferential Trade Agreements
Lake, James - 2019
We show that multilateral tariff binding liberalization substantially impacts the nature and extent of Preferential Trade Agreement (PTA) formation. First, it shapes the nature of forces constraining expansion of Free Trade Agreements (FTAs). The constraining force is a free riding incentive of...
Persistent link: https://www.econbiz.de/10012866805
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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
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Trade and Imperfect Competition in General Equilibrium
Koska, Onur A.; Stähler, Frank - 2011
This paper employs a general equilibrium model of imperfect competition and trade in which capital is used to establish firms and labor is used for production. We show that two different types of equilibria may exist, one with factor price equalization and one with different factor prices. When...
Persistent link: https://www.econbiz.de/10010277390
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Strategic Export Motives and Linking Emission Markets
Antoniou, Fabio; Hatzipanayotou, Panos; Tsakiris, Nikos - 2021
We explore the possibility of achieving a cooperative outcome when governments act non-cooperatively in a strategic environmental policy model where emission permit markets are linked. We introduce a specific distribution scheme of the permit revenues between the exporting countries so as to...
Persistent link: https://www.econbiz.de/10012492993
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Welfare Effects of Capital-Market Integration in the Presence of an International Duopoly
Karavitis, Panagiotis I.; Michael, Michael S. - 2018
We build a two-country model with an international duopoly and capital-market integration. We examine how the convergence of the cost of capital, due to its mobility, affects the welfare of each country and their joint welfare. We find that international capital mobility, which equalizes the...
Persistent link: https://www.econbiz.de/10011932090
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Structural Gravity and the Gains from Trade under Imperfect Competition
Heid, Benedikt; Stähler, Frank - 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/10012207886
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Incorporating Theory-Consistent Endogenous Markups into Applied General-Equilibrium Models
Markusen, James R. - 2023
The incorporation of increasing returns and imperfect competition into applied general-equilibrium (AGE) models, beginning with Harris (1984), led to much larger welfare effects from changes such as trade liberalization. But the imperfect competition side of these IO developments has often...
Persistent link: https://www.econbiz.de/10014357511