Showing 1 - 10 of 23
tariffs ; retaliation ; tariff wars ; heterogeneous firms ; World Trade Organization ; Nash equilibrium …
Persistent link: https://www.econbiz.de/10009130204
We build on the latest developments in the structural gravity literature to quantify the partial and general 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...
Persistent link: https://www.econbiz.de/10012287974
Persistent link: https://www.econbiz.de/10003463001
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/10009240715
Growth theory predicts that natural disasters should, on impact, lower GDP per capita. However, the empirical …
Persistent link: https://www.econbiz.de/10010199740
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/10010469280
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/10010418142
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/10009383458
World trade evolves at two margins. Where a bilateral trading relationship already exists it may increase through time … have not traded with each other in the past (extensive margin). We provide an empirical dissection of post-World-War- II … growth in manufacturing world trade along these two margins. We propose a "cornersolutions- version"of the gravity model to …
Persistent link: https://www.econbiz.de/10011450770
This paper argues that skill formation is a life-cycle process and develops the implications of this insight for Scottish social policy. Families are major producers of skills, and a successful policy needs to promote effective families and to supplement failing ones. Targeted early...
Persistent link: https://www.econbiz.de/10002576887