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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 …, featuring multiple sectors, input-output linkages, services trade, and non-tariff barriers (NTBs). It uses the results of an … econometric ex-post analysis of a related FTA, the one between the EU and Korea, in force since 2011, to approximate the expected …
Persistent link: https://www.econbiz.de/10012908655
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The Costs and Benefits of Rules of Origin in Modern Free Trade Agreements
Ornelas, Emanuel; Turner, John L. - 2022
We study the welfare impact of rules of origin in free trade agreements where final-good producers source customized inputs from suppliers within the trading bloc. We employ a property-rights framework that features hold-up problems in suppliers’ decisions to invest, and where underinvestment...
Persistent link: https://www.econbiz.de/10014077185
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Consequences of FTA Withdrawal : Evidence from "Uxit"
Gnutzmann, Hinnerk; Gnutzmann-Mkrtchyan, Arevik; Korn, … - 2021
evidence. In 2004, Estonia joined the European Union, which mandated that it withdraws from its FTA with Ukraine (“Uxit … FTA revokes all benefits and that no institutional memory is left behind. General equilibrium estimates suggest that FTA …
Persistent link: https://www.econbiz.de/10013249656
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Technical Barriers to Trade and Firms' Export Decisions
Yang, Shuyao - 2021
This paper investigates the impact of restrictive TBTs on firms’ extensive margins (export participation and exit probability), intensive margins (export value) and pricing strategy (export price). To this end, product-level restrictive TBTs and firm-level export are combined and an...
Persistent link: https://www.econbiz.de/10013314955
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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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Trade Liberalization Along the Firm Size Distribution : The Case of the EU-South Korea FTA
Chowdhry, Sonali; Felbermayr, Gabriel J. - 2021
, we find robust evidence to the contrary. Applying a triple-difference framework, we report that the FTA increased sales … percent of that growth premium is driven by a stronger effective reduction in broadly defined non-tariff barriers (NTBs); the … literature with the FTA selecting intermediate-sized firms into exporting to South Korea …
Persistent link: https://www.econbiz.de/10013237227
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The Trade Impact of the COVID-19 Pandemic
Liu, Xuepeng; Ornelas, Emanuel; Shi, Huimin - 2021
Using a gravity-like approach, we study how Covid-19 deaths and lockdown policies affected countries’ imports from China during 2020. We find that a country’s own Covid-19 deaths and lockdowns significantly reduced its imports from China, suggesting that the negative demand effects prevailed...
Persistent link: https://www.econbiz.de/10013224091
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The Farsighted Stability of Global Tade Policy Arrangements
Berens, Stefan; Chochua, Lasha; Willmann, Gerald - 2021
We study the stability of trade policy arrangements under two regulatory scenarios, with/without PTAs. Unlike previous papers, we consider an extensive set of trade policy constellations and allow for unlimited farsightedness of negotiating parties. We find global free trade (GFT) to be uniquely...
Persistent link: https://www.econbiz.de/10013217552
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The COVID-19 Pandemic and European Trade Flows : Evidence from a Dynamic Panel Model
Caporale, Guglielmo Maria; Sova, Anamaria; Sova, Robert - 2022
This paper investigates the impact of the Covid-19 pandemic on trade flows in the case of the European countries. First, an ARDL dynamic panel model is estimated using the PMG method to analyse monthly data covering the most recent period (2019M1-2021M12); then, the GMM and PCSE approaches are...
Persistent link: https://www.econbiz.de/10014080051
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Gravity-Model Estimation with Time-Interval Data : Revisiting the Impact of Free Trade Agreements
Egger, Peter - 2020
We challenge the common practice of estimating gravity equations with time-interval data in order to capture dynamic-adjustment effects to trade-policy changes. Instead, we point to a series of advantages of using consecutive-year data recognizing dynamic-adjustment effects. Our analysis reveals...
Persistent link: https://www.econbiz.de/10012822506