Showing 1 - 10 of 16
since the Uruguay Round (1986 to 1994). It would create a free trade zone covering 45% of world GDP. However, critics … gains for Germany (3.5%), Europe (3.9%), and the world (1.6%), but that it could also harm third countries …
Persistent link: https://www.econbiz.de/10013044668
Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and Romer [F&R](1999) important doubts have surfaced. Is the correlation spurious and driven by omitted geographical and institutional variables? In this paper, we generalize F&R's...
Persistent link: https://www.econbiz.de/10013121825
America would be the largest preferential trade agreement in the world. Encompassing almost half of world GDP, it will have …
Persistent link: https://www.econbiz.de/10013030304
rest of the world relative to the status quo. However, there is substantial heterogeneity across the 134 geographical …
Persistent link: https://www.econbiz.de/10013030303
Has the Kyoto Protocol induced carbon leakage? We conduct the first empirical ex-post evaluation of the Protocol. We derive a theoretical gravity equation for the CO2 content of trade, which accounts for intermediate inputs, both domestic and imported. The structure of our new panel database of...
Persistent link: https://www.econbiz.de/10013315947
estimation approach, we find that WTO membership has promoted world trade to a larger extent than Rose's results seem to indicate …In his seminal paper, Rose (2004) concluded from a gravity-type study of bilateral trade that the GATT/WTO does not … zero trade and leaves room for WTO membership to promote trade at the extensive margin of trade. Relying on a Tobit …
Persistent link: https://www.econbiz.de/10012777730
What has been the overall global welfare impact of the accession to the World Trade Organization of a large country ….05% lower in the year 2008 if China had not gained accession to the WTO in 2001 …
Persistent link: https://www.econbiz.de/10013108084
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/10013083872
Increasing wage inequality between similar workers plays an important role for overall inequality trends in industrialized societies. To analyze this pattern, we incorporate directed labor market search into a dynamic model of international trade with heterogeneous firms and homogeneous workers....
Persistent link: https://www.econbiz.de/10013006606
trade liberalization experience of China following its accession to the WTO in 2001. We build a multi-sector heterogenous … export revenue. We test our hypotheses using Chinese firm-level data for the years after China's accession to WTO in 2001 …
Persistent link: https://www.econbiz.de/10012994179