Showing 1 - 10 of 154
This paper reexamines Korea''s trade flows. Using the standard demand-based models, the paper finds that owing to the increasing share of electrical and electronic products (EEPs) in total exports, the income elasticity of the Korean export demand has fallen sharply while its price elasticity...
Persistent link: https://www.econbiz.de/10014400932
This paper uses bilateral data on 420 merchandise trade flows between 21 industrial countries are used to estimate standard trade equations. The data set of over 11,000 observations allows the underlying elasticities to be estimated with considerable precision. Remarkably, a single specification...
Persistent link: https://www.econbiz.de/10014401050
Trade elasticities are often needed in applied country work for various purposes and this paper describes a method for estimating import demand and export supply elasticities withoutusing econometrics. The paper reports empirical estimates of these elasticities for a large number of low, middle,...
Persistent link: https://www.econbiz.de/10014402671
of low- and middle-income countries. The study applies a linear optimization framework to data for bound tariffs, applied … tariffs, and imports at the HS-6 digit level for 58 developing countries, and simulates results for different sets of import …
Persistent link: https://www.econbiz.de/10014402033
of an agreement, which cuts tariffs by one percentage point, is 0.5% to 2% of consumption, much larger than in trade …
Persistent link: https://www.econbiz.de/10011281913
This paper considers the effects of trade policy-tariffs and quotas-when importing is done by competitive traders who … conventional ranking of tariffs and quotas is turned on its head: quotas are not as bad for welfare as previously believed, while … tariffs may restrict trade by more than originally intended. Furthermore, the allocation of property rights (quota licenses …
Persistent link: https://www.econbiz.de/10014399634
-country general equilibrium model, where the degree of market integration depends directly on trade costs (transport costs, tariffs …
Persistent link: https://www.econbiz.de/10014403962
China''s increasing integration with the global economy has contributed to sustained growth in international trade. Its exports have become more diversified, and greater penetration of industrial country markets has been accompanied by a surge in China''s imports from all regions-especially...
Persistent link: https://www.econbiz.de/10014404079
This paper analyzes whether uniform tariffs give rise to the highest welfare compared with tariffs that either escalate … or de-escalate along the value chain of production. We show that countries may be better off with de-escalating tariffs … where tariff rates are higher on intermediate inputs and lower on final goods. The key point is that higher tariffs can …
Persistent link: https://www.econbiz.de/10014404057
This paper examines the theory underpinning the design of optimal tariffs in a developing economy, and the experience … objectives. The ability to successfully reduce tariffs depends on measures taken to alleviate fiscal and balance of payments …
Persistent link: https://www.econbiz.de/10014398472