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We review theoretical and empirical work on the economic effects of the United States and China trade relations during … economic effects on different outcomes. We then focus on the recent U.S.-China trade war. We discuss methods used to evaluate … its effects, describe its economic effects, and analyze if this increase in trade protectionism reverted the effects of …
Persistent link: https://www.econbiz.de/10013361989
local institutional knowledge. We posit that a portion of the fixed costs of entering a specific export market can be used … toward costs of acquiring imports from that same market, and vice versa. Using dis-aggregated transactions data for Chinese … scope. Using a structural model, we estimate that the simultaneous export and import in a given country reduces export and …
Persistent link: https://www.econbiz.de/10015056127
I study how people understand and reason about trade and which factors shape their views on trade policy. I design and … run large-scale surveys and experiments in the U.S. to elicit respondents' knowledge and understanding of trade. I also … ask about their perceived economic gains and distributional impacts from trade and their views on trade restrictions and …
Persistent link: https://www.econbiz.de/10013210068
escalation. Yet neoclassical trade theory - and modern Ricardian trade models, in particular - predict that welfare … tariff escalation increasing in the extent of downstream returns to scale. A quantitative evaluation of the US-China trade …
Persistent link: https://www.econbiz.de/10013334443
We study optimal dynamic trade policies in an Eaton-Kortum model with technology diffusion through trade. The process … of innovation and diffusion is one in which new ideas are combined with insights from others. Trade thus affects … endowments, and other alterations to trade patterns that affect the degree and quality of diffusion. We provide explicit formulas …
Persistent link: https://www.econbiz.de/10014486189
1697 goods originating in 112 countries, to analyze the impact on Canadian imports of interwar Canadian trade policy …This paper uses a new dataset on the universe of Canadian imports and tariffs between 1924 and 1936, disaggregated into …, including the 1932 Ottawa trade agreements. Rather than use a dummy variable approach, we compute the impact of individual …
Persistent link: https://www.econbiz.de/10014287339
We estimate the impact of trade policy uncertainty (TPU) on CES import price indices, focusing on the implications of …
Persistent link: https://www.econbiz.de/10014337833
Perceptions of global supply chains (GSCs) have shifted in recent years from a positive to a more cautious view. Standard GSC measures have mostly not adapted to this change as they focus on participation in, rather than exposure to, foreign supply chains. This paper presents the tools necessary...
Persistent link: https://www.econbiz.de/10013388881
We show that reducing the probability of a trade war promotes long-term importer-exporter relationships that ensure … trade war. Extending the standard general equilibrium trade model to encompass potential trade wars and relational contracts …
Persistent link: https://www.econbiz.de/10014486230
We use the dynamics of U.S. imports across goods in the period around the U.S.-China trade war with a model of exporter … dynamics to estimate the dynamic path of the probability of transiting between Normal Trade Relations and a trade war state. We … find (i) there was no increase in the likelihood of a trade war before 2018; (ii) the trade war was initially expected to …
Persistent link: https://www.econbiz.de/10014486241