Showing 1 - 10 of 97
Do countries with lower policy-induced barriers to international trade grow faster, once other relevant country characteristics are controlled for? There exists a large empirical literature providing an affirmative answer to this question. We argue that methodological problems with the empirical...
Persistent link: https://www.econbiz.de/10013229058
This paper empirically examines recently declassified data from the GATT/WTO on tariff bargaining. We document eight …
Persistent link: https://www.econbiz.de/10013017081
We describe recent work on the theory of trade agreements that speaks to the purpose and design of GATT. Our discussion proceeds in three steps. First, we examine the purpose of a trade agreement. In both the traditional economic and the political-economy approaches to the study of trade...
Persistent link: https://www.econbiz.de/10013227740
differ across countries and issue areas. Case studies of export subsidization in Korea, Brazil, Turkey, India, Kenya, and …
Persistent link: https://www.econbiz.de/10013222055
Despite the important roel played by GATT in the world economy, economist have nto developed a unified theoretical …
Persistent link: https://www.econbiz.de/10013219697
Despite the well-known gains from trade, trade liberalization is politically one of the most contentious actions that a government can take. We propose and formalize a new argument, having to do with uncertainty, which is complementary to the usual explanations for why that is the case; many...
Persistent link: https://www.econbiz.de/10013224337
export subsidies can be given a world-wide efficiency rationale. In this paper, we offer one such treatment in the context of … export subsidy programs can lead to inefficiencies, and importing countries and the world as a whole can be better off when …Why do governments seek restrictions on the use of export subsidies through reciprocal trade agreements such as GATT …
Persistent link: https://www.econbiz.de/10013237015
GATT and its successor, the WTO. We show that GATT's principle of reciprocity serves to neutralize the world-price effects … provided that the externa- lities associated with trade intervention travel through world prices. We then establish that …
Persistent link: https://www.econbiz.de/10013239353
How should the issue of domestic labor standards be handled in the GATT/ WTO? This question is part of a broader debate … trading partner is then free to issue a tariff response to stabilize export prices. We show that both approaches deliver govts …
Persistent link: https://www.econbiz.de/10013219181
Trade negotiations occur through time and between the governments of many countries. An important issue is thus whether the value of concessions that a government wins in a current negotiation may be eroded in a future bilateral negotiation to which it is not party. In the absence of rules that...
Persistent link: https://www.econbiz.de/10013230972