Showing 1 - 10 of 618
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 … formula predicts 30-60% larger gains from trade when iceberg trade costs and/or tariffs are liberalized as compared to a pure …
Persistent link: https://www.econbiz.de/10013083872
In this paper we construct a Ricardian model of trade in vertically-differentiated products between a developing … country and the (developed) rest of the world. Despite labour being the only factor of production in this model, tariffs (in …-voter’s preferred reliance on tariffs versus income taxes in order to effect the desired redistribution. Using data from 44 countries we …
Persistent link: https://www.econbiz.de/10005196297
small. This has been replaced by an agreement abolishing this practice. However, the presence of other trade barriers, such … 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 …
Persistent link: https://www.econbiz.de/10010752159
Historically, tariffs have been an attractive policy tool to protect domestic industries. The benefits of such a policy … evidence suggests that wholesalers and retailers play an active role in international trade. We present a model of retailers …
Persistent link: https://www.econbiz.de/10010877688
and a terms of trade externality. It is larger the higher the dispersion of firm-level productivities, and the bigger the … country's relative size or relative average productivity. Furthermore, in the two-country Nash equilibrium, tariffs turn out … to be strategic substitutes. Small or poor economies set lower Nash tariffs than large or rich ones. Lower transportation …
Persistent link: https://www.econbiz.de/10013124179
trade. We find that bound tariffs are more effective with higher risk destination markets, that a large binding overhang may …WTO negotiations deal predominantly with bound - besides applied - tariff rates. But, how can reductions in tariffs … from the real options literature; doing so we highlight the important role of bound tariffs at the extensive margin of …
Persistent link: https://www.econbiz.de/10013153424
Historically, tariffs have been an attractive policy tool to protect domestic industries. The benefits of such a policy … evidence suggests that wholesalers and retailers play an active role in international trade. We present a model of retailers …
Persistent link: https://www.econbiz.de/10013054501
data on tariffs and trade covering 130 countries. We show that regionalism has delivered limited effective liberalization …This paper proposes a unique overview of trade policies trends since the launch of the Doha Round, based on detailed ….p.) mattered far more on average, with more uneven consequences. As a result, we reckon that trade policy changes between 2001 and …
Persistent link: https://www.econbiz.de/10012986236
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 … formula predicts 30-60% larger gains from trade when iceberg trade costs and/or tariffs are liberalized as compared to a pure …
Persistent link: https://www.econbiz.de/10010634085
normative aspects of international trade. Assuming “continuum-Pollak” preferences, the model allows for consistent aggregation … continuum-quadratic preferences, I explore the model's implications for the gains from trade, for the distribution of income … between wages and profits, and for production and trade patterns in a two-country world …
Persistent link: https://www.econbiz.de/10013000218