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The Uruguay Round and Welfare in Some Distorted Agricultural Economies

Anderson, James E. - 2021

world agricultural prices. Reduced agricultural price distortions among major supplying nations are predicted to increase … basic food prices and decrease some important export prices such as those for coffee and cotton. It appears that raising … food prices paid by food importers must be bad for them, while reducing world coffee and cotton prices appears bad for …

Persistent link: https://www.econbiz.de/10013242905

Open Regionalism in a World of Continental Trade Blocs

Wei, Shang-Jin; Frankel, Jeffrey A. - 2021

Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to … reduction of trade barriers against non-member countries. That may not be politically feasible. On the other hand, in a world of …

Persistent link: https://www.econbiz.de/10013225933

Does Openness to Trade Make Countries More Vulnerable to Sudden Stops, or Less? Using Gravity to Establish Causality

Frankel, Jeffrey A.; Cavallo, Eduardo A. - 2021

Openness to trade is one factor that has been identified as determining whether a country is prone to sudden stops in capital inflow, currency crashes, or severe recessions. Some believe that openness raises vulnerability to foreign shocks, while others believe that it makes adjustment to crises...

Persistent link: https://www.econbiz.de/10013311905

Commercial Policy in a Predatory World

Anderson, James E. - 2007

Mutual causation of predation and trade induces novel effects of commercial policy in this paper. The model can explain trade volume responses to market widening initiatives that are otherwise puzzlingly 'too big' or 'too small'. Efficient commercial policy (broadly defined) depends crucially on...

Persistent link: https://www.econbiz.de/10012778273

Consistent Trade Policy Aggregation

Anderson, James E. - 2008

Most empirical policy work requires the aggregation of policies. Trade policy aggregation exemplifies the aggregation problem poignantly, with thousands of highly dispersed trade barriers. This paper provides methods of policy aggregation that are consistent with two common objectives of...

Persistent link: https://www.econbiz.de/10012771785

Traders, Cops and Robbers

Anderson, James E.; Bandiera, Oriana - 2021

Why does illegal trade often flourish without formal enforcement, but sometimes fail? Why do illegal trade-reducing policies often fail? Why do States often appear to tolerate illegal trade? A model of trade with cops and robbers provides answers. `Safety in numbers' is a key element: the...

Persistent link: https://www.econbiz.de/10013245087

Political Pressure Deflection

Anderson, James E.; Zanardi, Maurizio - 2022

Much economic policy is deliberately shifted away from direct political processes to administrative processes --- political pressure deflection. Pressure deflection poses a puzzle to standard political economy models which suggest that having policies to `sell' is valuable to politicians. The...

Persistent link: https://www.econbiz.de/10014072173

The Incidence of Geography on Canada's Services Trade

Anderson, James E. - 2011

We estimate geographic barriers to export trade in nine service categories for Canada's provinces from 1997 to 2007 …

Persistent link: https://www.econbiz.de/10013117890

Trade Reform with a Government Budget Constraint

Anderson, James E. - 2021

The standard theory of trade reform uses a passive government budget constraint, in which changes in tariff revenue are offset by changes in lump sum transfers. This paper offers a general framework for the analysis of trade reform when the government budget constraint is active, meaning that...

Persistent link: https://www.econbiz.de/10013224938

Revenue Neutral Trade Reform with Many Households, Quotas and Tariffs

Anderson, James E. - 2021

Government budget balance forces the endogenous use of distortionary tax instruments" when an exogenous reform is implemented. The aggregate efficiency of such reforms is based" on comparisons of simple summary measures of the Marginal Cost of Funds of the various tariff" or quota changes with...

Persistent link: https://www.econbiz.de/10013313650