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Trade policy commitments to lower import tariffs and to maintain tariffs at low levels entail short and long-run political-economic costs and benefits. Empirical work examining the relationship between such commitments and the exercise of trade policy flexibilities is still relatively nascent,...
Persistent link: https://www.econbiz.de/10012974687
An important recent World Trade Organization dispute settlement case for many developing countries concerned European … being used to cover losses associated with exports of sugar to the world market. Although in principle the economic …
Persistent link: https://www.econbiz.de/10012747624
This paper reviews the most significant recent developments in the theory of trade agreements. The paper offers an integrated approach to evaluating trade agreements, and uses the approach to present results on preferential and multilateral trade agreements. The paper identifies also several...
Persistent link: https://www.econbiz.de/10013316371
simulations for 31 countries suggest that use of this safeguard in line with the proposed World Trade Organization rules would … raise the world poverty headcount by an average of 24 million. The adverse poverty impact of the duty is larger when the …
Persistent link: https://www.econbiz.de/10012972866
economies over 1989-2010; by 2010, these WTO member countries collectively accounted for 21 percent of world merchandise imports … and 22 percent of world GDP. The paper examines determinants of carefully constructed, bilateral measures of new import …
Persistent link: https://www.econbiz.de/10012974694
Incorporating family decisions in a two-period-model of the world economy, we show that trade liberalization may reduce …
Persistent link: https://www.econbiz.de/10010488142
-processing to be performed anywhere in the world. They thus become tradable and subject to the laws of comparative advantage. A good …
Persistent link: https://www.econbiz.de/10013158458
This paper uses a global general equilibrium simulation model to quantify the effects of lifting economic sanctions on Iran with and without strategic responses. Iran benefits the most, with average per capita welfare gains ranging from close to 3 percent, in the case when Iran's crude oil...
Persistent link: https://www.econbiz.de/10012970129
This paper investigates the sources and size of trade barriers at the industry level. We derive a micro-founded measure of industry-specific bilateral trade integration that has an in-built control for time-varying multilateral resistance. This trade integration measure is consistent with a...
Persistent link: https://www.econbiz.de/10012753160
represented 83 percent of the world's population and 91 percent of the world's GDP in 2013. It addresses the following five … setting trade policy? Finally, how liberalized is world trade? The analysis documents the extent of cross … concludes that substantial trade policy barriers remain as an important feature of the world economy …
Persistent link: https://www.econbiz.de/10012936297