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The New Regionalism : Trade Liberalization or Insurance?
Perroni, Carlo - 2010
Several of the recently negotiated regional trade agreements (Canada-U.S., NAFTA, E.C.-Hungary/Poland/Czeck and Slovak Republics) contain significantly fewer concessions by the large countries to smaller countries than vice versa. Yet, it is small countries that have sought them and see...
Persistent link: https://www.econbiz.de/10012763469
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Tariff Reductions, Entry, and Welfare : Theory and Evidence for the Last Two Decades
Caliendo, Lorenzo - 2015
We show in a multi-sector, heterogeneous-firm trade model that the effect of tariffs on entry, especially in the presence of production linkages, can reverse the traditional positive optimal tariff argument. We then use a new tariff dataset, and apply it to a 189-country, 15-sector version of...
Persistent link: https://www.econbiz.de/10013010722
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Firm Entry, Trade, and Welfare in Zipf's World
di Giovanni, Julian - 2010
of the largest 50 economies in the world, a reduction in entry costs all the way to the U.S. level leads to an average …
Persistent link: https://www.econbiz.de/10013138768
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Economic Integration and Political Disintegration
Alesina, Alberto F.; Spolaore, Enrico; Wacziarg, Romain T. - 2022
Trade liberalization and political separatism go hand in hand. In a world of trade restrictions, large countries enjoy … economic benefits because political boundaries determine the size of the market. In a world of free trade and global markets …
Persistent link: https://www.econbiz.de/10013322303
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Trade, Growth and the Environment
Copeland, Brian R.; Taylor, M. Scott - 2022
, species extinction and industrial pollution were rising. Recently it has been intensified by the creation of the World Trade … hampered by the lack of a common language and also suffered from little recourse to economic theory and empirical evidence. The … international trade. We critically review both theory and empirical work to answer three basic questions. What do we know about the …
Persistent link: https://www.econbiz.de/10013322309
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Tariff Liberalization Policy and Financial Restrictions
Aizenman, Joshua - 2021
The purpose of this paper is to assess how restrictions on capital mobility affect adjustment to a tariff liberalization policy. This is done by comparing the adlustment process under free and restricted convertibility of foreign assets in a regime where the commercial exchange rate is pegged....
Persistent link: https://www.econbiz.de/10013224884
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International Trade and Per Capita Income Convergence : A Difference-in-Differences Analysis
Slaughter, Matthew J. - 2021
In this paper I analyze whether international trade contributes to per capita income convergence across countries. The analysis focuses on four important post-1945 multilateral trade liberalizations. To identify trade's effect on income dispersion, in each case I use a difference-in-differences'...
Persistent link: https://www.econbiz.de/10013225397
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Bringing GATT into the Core
Kowalczyk, Carsten; Sjöström, Tomas - 2021
This paper calculates international income transfers which implement a Pareto optimal trade equilibrium in a world …
Persistent link: https://www.econbiz.de/10013227885
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Borders and Growth
Spolaore, Enrico; Wacziarg, Romain T. - 2021
negative effect through reduced openness vis-...-vis the rest of the world. We estimate the growth effects that would have …
Persistent link: https://www.econbiz.de/10013240303
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Free Trade, Growth, and Convergence
Ben-David, Dan; Loewy, Michael B. - 2021
What is the impact on output of movement towards free trade? Can trade liberalization have a permanent effect on output levels, and more importantly, does it have an impact on steady-state growth rates? The model developed here emphasizes the role" that knowledge spillovers emanating from...
Persistent link: https://www.econbiz.de/10013245104