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American Regionalism and Global Free Trade
Leamer, Edward E. - 2021
A free trade agreement supports global free trade since trade barriers tend to divert trade in favor of members, but not reduce imports. The term: 'mutual assured deterrence' is used to refer to a regional free trade association that has the feature that no member can gain individually from the...
Persistent link: https://www.econbiz.de/10013221867
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Returns to Regionalism : An Evaluation of Non-Traditional Gains from Rtas
Fernández, Raquel - 2022
The last decade has witnessed an explosion in the number of regional trade agreements (RTAs). There seems to be a general if ill-defined belief on the part of many policy-makers, and among a number of academics as well, that there is more to a RTA than the traditional gains from trade. This...
Persistent link: https://www.econbiz.de/10013323465
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Tariff Phase-Outs : Theory and Evidence from GATT and NAFTA
Kowalczyk, Carsten; Davis, Donald R. - 2022
This paper considers tariff phase-outs in multilateral and preferential agreements. The paper finds that early GATT rounds primarily were over bindings of existing rates and that it was not until the 1962-67 Kennedy Round's 50% reduction in manufactured goods tariffs that time paths of tariff...
Persistent link: https://www.econbiz.de/10013323467
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Perceived FOMC : The Making of Hawks, Doves and Swingers
Bordo, Michael D. - 2018
Narrative records in US newspapers reveal that about 70 percent of Federal Open Market Committee (FOMC) members who served during the last 55 years are perceived to have had persistent policy preferences over time, as either inflation-fighting hawks or growth-promoting doves. The rest are...
Persistent link: https://www.econbiz.de/10012918077
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"Make Us a King" : Anarchy, Predation, and the State
Grossman, Herschel I. - 2021
In order to enforce a collective choice to allocate resource to guarding against predators producers must subject themselves to the state's sovereign power to tax and to spend. But these sovereign powers in hand the state can exploit the producers by taxing and spending for its" own purposes....
Persistent link: https://www.econbiz.de/10013242903
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Domestic Policies, National Sovereignty and International Economic Institutions
Bagwell, Kyle; Staiger, Robert W. - 2021
in an interdependent world? This question is at the center of the debate over the future role of GATT (and its successor … labor and environmental policies, and would lead to a significant loss of sovereignty for national governments. In this … labor and environmental standards, and that with relatively modest changes that grant governments more sovereignty, not less …
Persistent link: https://www.econbiz.de/10013312480
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National Sovereignty in an Interdependent World
Bagwell, Kyle; Staiger, Robert W. - 2022
(Nash) world in which there exist no international agreements of any kind. And with national sovereignty characterized in … this benchmark world, we then evaluate the extent to which national sovereignty is compromised by international agreements …What are the sovereign rights of nations in an interdependent world, and to what extent do these rights stand in the …
Persistent link: https://www.econbiz.de/10014073672
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Looking for Local Labor Market Effects of NAFTA
McLaren, John - 2010
Using US Census data for 1990-2000, we estimate effects of NAFTA on US wages. We look for effects of the agreement by industry and by geography, measuring each industry's vulnerability to Mexican imports, and each locality's dependance on vulnerable industries. We find evidence of both effects,...
Persistent link: https://www.econbiz.de/10013135881
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Regional Adjustment to Trade Liberalization
Hanson, Gordon H. - 2011
In this paper, I study the effect of economic integration with the United States on state-industry employment growth in Mexico. I disentangle the effects of two opposing forces on regional labor demand: transport-cost considerations, which, all else equal, encourage firms to relocate their...
Persistent link: https://www.econbiz.de/10013124909
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Estimates of the Trade and Welfare Effects of NAFTA
Caliendo, Lorenzo - 2012
We build into a Ricardian model sectoral linkages, trade in intermediate goods, and sectoral heterogeneity in production to quantify the trade and welfare effects from tariff changes. We also propose a new method to estimate sectoral trade elasticities consistent with any trade model that...
Persistent link: https://www.econbiz.de/10013098477