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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

Identity Politics and Trade Policy

Grossman, Gene M. - 2018

We characterize trade policies that result from political competition when assessments of well-being include both material and psychosocial components. The material component reflects, as usual, satisfaction from consumption. Borrowing from social identity theory, we take the psychosocial...

Persistent link: https://www.econbiz.de/10012906769

Politics and Trade Policy

Helpman, Elhanan - 2021

First I describe a number of political economy approaches that have been developed to explain trade policies. All approaches are presented in a unified framework that helps to see the key differences among them. These comparisons revolve around tariff formulas that are predicted by political...

Persistent link: https://www.econbiz.de/10013220796

Trade Wars and Trade Talks

Grossman, Gene M.; Helpman, Elhanan - 2021

Whether governments clash in trade disputes or negotiate over trade agreements, their actions in the international arena reflect political conditions back home. Previous studies of cooperative and noncooperative trade relations have focused on governments that are immune from political pressures...

Persistent link: https://www.econbiz.de/10013240527

A Protectionist Bias in Majoritarian Politics

Grossman, Gene M.; Helpman, Elhanan - 2021

tariff or export subsidy is positive. Positions and expected outcomes monotonically approach free trade as party discipline …

Persistent link: https://www.econbiz.de/10013248567

Protection for Sale

Grossman, Gene M.; Helpman, Elhanan - 2021

We develop a model in which special interest groups make political contributions in order to influence an incumbent government's choice of trade policy. In the political equilibrium. the interest groups bid for protection, and each group's offer is optimal given the offers of the others. The...

Persistent link: https://www.econbiz.de/10013229813

Export Versus FDI

Helpman, Elhanan; Melitz, Marc J.; Yeaple, Stephen R. - 2021

firms to serve foreign markets either through exports or local subsidiary sales (FDI). These modes of market access involve … aggregate export and FDI sales relative to the domestic and foreign market sizes. In particular, it is shown that firm level … heterogeneity is an important determinant of relative export and FDI flows. We use the model to derive testable empirical …

Persistent link: https://www.econbiz.de/10013232882

Trade and Labor Market Outcomes

Helpman, Elhanan - 2011

This paper reviews a new framework for analyzing the interrelationship between inequality, unemployment, labor market frictions, and foreign trade. This framework emphasizes firm heterogeneity and search and matching frictions in labor markets. It implies that the opening of trade may raise...

Persistent link: https://www.econbiz.de/10013131679

Inequality and Unemployment in a Global Economy

Helpman, Elhanan - 2010

This paper develops a new framework for examining the distributional consequences of trade liberalization that is consistent with increasing inequality in every country, growth in residual wage inequality, rising unemployment, and reallocation within and between industries. While the opening of...

Persistent link: https://www.econbiz.de/10012758160