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Why Did the Tariff-Growth Correlation Reverse after 1950?
Clemens, Michael A.; Williamson, Jeffrey G. - 2021
This paper uses a new database to establish a key finding: high tariffs were associated with fast growth before World … controlling for novel measures of the changing world economic environment. Rejecting alternative explanations based on changing … head in a world environment characterized by a moderately higher level of generalized tariff protection. We confirm the …
Persistent link: https://www.econbiz.de/10013249135
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What Role for Trade in a Post 2012 Global Climate Policy Regime
Whalley, John - 2011
This paper discusses the role that trade can potentially play in both negotiating and operating a post Kyoto/post 2012 global climate policy regime. As an addition to the bargaining set for a global climate negotiation, trade in principle widens the range of jointly beneficial potential outcomes...
Persistent link: https://www.econbiz.de/10013119608
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The Value of MFN Treatment
Ghosh, Madanmohan; Perroni, Carlo; Whalley, John - 2021
We discuss most favoured nation (MFN) treatment in trade agreements, suggesting that its value to individual countries depends critically on the relevant model solution concept used to evaluate it. We analyze both rights to MFN treatment in foreign markets, and the obligation to grant MFN...
Persistent link: https://www.econbiz.de/10013245103
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Some Inconvenient Truths About Climate Change Policy : The Distributional Impacts of Transportation Policies
Holland, Stephen P. - 2011
Instead of efficiently pricing greenhouse gases, policy makers have favored measures that implicitly or explicitly subsidize low carbon fuels. We simulate a transportation-sector cap & trade program (CAT) and three policies currently in use: ethanol subsidies, a renewable fuel standard (RFS),...
Persistent link: https://www.econbiz.de/10013120318
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Overlapping Climate Policies
Perino, Grischa - 2019
Major carbon-pricing systems in Europe and North America involve multiple jurisdictions (countries or states). Individual jurisdictions often pursue additional initiatives—such as unilateral carbon price floors, legislation to phase out coal, aviation taxes or support programs for renewable...
Persistent link: https://www.econbiz.de/10012890770
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Import Diversion Under European Antidumping Policy
Vandenbussche, Hylke; Konings, Jozef; Springael, Linda - 2021
This paper is the first to study empirically the effects of European antidumping actions on import diversion from importers 'named' in an antidumping investigation, and potentially subject to protectionist measures, to countries not named' in the investigation. For this purpose we use a unique...
Persistent link: https://www.econbiz.de/10013218513
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Gravity with Gravitas : A Solution to the Border Puzzle
Anderson, James E.; van Wincoop, Eric - 2021
The gravity model has been widely used to infer substantial trade flow effects of institutions such as customs unions and exchange rate mechanisms. McCallum [1995] found that the US-Canada border led to trade between provinces that is a factor 22 (2,200%) times trade between states and...
Persistent link: https://www.econbiz.de/10013249545
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What Calls to Arms? International Evidence on Interest Rates and the Choice of Adjustable-Rate Mortgages
Badarinza, Cristian - 2014
The relative popularity of adjustable-rate mortgages (ARMs) and fixed-rate mort- gages (FRMs) varies considerably both across countries and over time. We ask how movements in current and expected future interest rates affect the share of ARMs in total mortgage issuance. Using a nine-country...
Persistent link: https://www.econbiz.de/10013048590
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Does Employment Protection Inhibit Labor Market Flexibility? Lessons from Germany, France, and Belgium
Abraham, Katharine G.; Houseman, Susan N. - 2021
the adjustment of manufacturing employment and hours in West Germany, France and Belgium, three countries with strong job … regulations that occurred in Germany, France and Belgium during the 1980s affected employers' adjustment to changes in output …
Persistent link: https://www.econbiz.de/10013221078
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International Shocks and Domestic Prices : How Large are Strategic Complementarities?
Amiti, Mary - 2016
How strong are strategic complementarities in price setting across firms? In this paper, we provide a direct empirical estimate of firm price responses to changes in prices of their competitors. We develop a general framework and an empirical identification strategy to estimate the elasticities...
Persistent link: https://www.econbiz.de/10012995977