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elimination, through WTO bindings, adds a further two layers, boosting both imports and exports more than equivalent unilateral … effects are sizable. The WTO Information Technology Agreement's (ITA) unique setting allows us to overcome the challenges … reforms. This commitment spurned development of a downstream IT export sector in "passive" signatories. …
Persistent link: https://www.econbiz.de/10011882479
This paper shows that governments have no incentive to introduce non-tariff barriers when they are free to set tariffs but they do when tariffs are determined cooperatively. We then show three results. First, with trade liberalization, there is a progression from u sing tariffs only to quotas,...
Persistent link: https://www.econbiz.de/10009781528
The global success of online search engines and social media is due to their free access and high level of quality. However, these features are supported by a business model that exploits personal user data to provide targeted advertising services to third parties. Does this business model...
Persistent link: https://www.econbiz.de/10014310060
implications of membership in the World Trade Organization (WTO). Em-ploying robust difference-in-difference specifications as well … as semi-parametric methods, we find that countries joining the WTO experience a decline in revenues from import duties … taxes. Although triggered by WTO accession, the shift towards consumption taxes, in particular to VAT, typically takes place …
Persistent link: https://www.econbiz.de/10011522137
-market price spreads. This is relevant for liquefied natural gas (LNG) exports. LNG transportation capacity is limited in the short … capture part of the price spread. We proceed to develop a method to value LNG exports under conditions of endogenous … value of LNG exports from the US to Japan. Our analysis shows that when transportation costs are correctly treated as …
Persistent link: https://www.econbiz.de/10010483579
. Both these agreements are governed by the WTO and have to abide by the non-discriminatory (Most-Favored Nation, MFN) clause …
Persistent link: https://www.econbiz.de/10014430728
2013. WTO commitments (1.0 p.p. average cut) and unilateral liberalizations on a most-favored-nation (MFN) basis (1.3 p …
Persistent link: https://www.econbiz.de/10011496864
equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 … countries over the period 1980-2016, we find that the average impact of GATT/WTO membership on trade among member counties is … general equilibrium effects of GATT/WTO on welfare, which are sizable and heterogeneous across members, and relatively small …
Persistent link: https://www.econbiz.de/10012287974
We propose a simple and flexible econometric approach to quantify ex-ante the "deep" impact of trade liberalization and the "hard" effects of protection with the empirical structural gravity model. Specifically, we argue that the difference between the estimates of border indicator variables for...
Persistent link: https://www.econbiz.de/10012599928
This paper unpacks the role of the domestic content of imports as a novel source of policy interdependence along the global supply chain. We show how a rise in local contents embodied in imports can skew national trade policy preferences, and pull upstream and downstream countries in asymmetric...
Persistent link: https://www.econbiz.de/10013471205