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We develop a novel two-stage methodology that allows us to study the empirical determinants of the ex post effects of past free trade agreements (FTAs) as well as obtain ex ante predictions for the effects of future FTAs. We first identify 908 unique estimates of the effects of FTAs on different...
Persistent link: https://www.econbiz.de/10012977471
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
This paper highlights the severity of China’s AD problems, and high concentration of AD actions taken by the top initiators, noting that China can offer a higher level of economic integration in an RTA in exchange for improved regional AD provisions. Case studies on RTAs give precedents in...
Persistent link: https://www.econbiz.de/10013315550
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
, an appropriately designed MAI is world-welfare superior compared to a regime of BITs by alleviating the lobbying …
Persistent link: https://www.econbiz.de/10012779092
regime increases worldwide FDI and raises the world interest rate. Distinguishing three groups of countries, we show that …
Persistent link: https://www.econbiz.de/10012754890
strategic manipulation of world prices. The policy prediction is unclear, however, since international cross-ownership also …
Persistent link: https://www.econbiz.de/10012752227
Asia accounts for more than 30% of world GDP and contributes half of the global growth in recent years. Despite high …
Persistent link: https://www.econbiz.de/10013317319
We develop a model in which it is uncertainty about the future domestic policy environment that both makes international cooperation attractive and induces the possibility of a nation reneging on such an international agreement. We show, in a fairly general setting in which the likelihood of...
Persistent link: https://www.econbiz.de/10012919246
Investor-state dispute settlements (ISDS) are supposed to protect foreign investors against domestic policies causing “unjustified” harm. This paper scrutinizes the effects of investor-state dispute settlements (ISDS) and national treatment provisions in a two-period model where foreign...
Persistent link: https://www.econbiz.de/10012903484