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Numerical General Equilibrium Analysis of China's Impacts from Possible Mega Trade Deals
Li, Chunding - 2014
This paper explores the potential impacts on both China and other major countries of possible mega trade deals. These …-participation countries will lose. If non-tariff barriers are reduced more, the impacts will be larger. All effects to China on welfare, trade …, export and import are positive. Comparatively China-TPP and RCEP will yield the highest welfare outcomes for the US in our …
Persistent link: https://www.econbiz.de/10013048108
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Agricultural Trade Reform and Rural Prosperity : Lessons from China
Huang, Jikun - 2015
Tariffs on agricultural products fell sharply in China both prior to, and as a consequence of, China's accession to the … WTO. The paper examines the nature of agricultural trade reform in China since 1981, and finds that protection was quite …
Persistent link: https://www.econbiz.de/10012750221
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Theories of Heterogeneous Firms and Trade
Redding, Stephen J. - 2010
This paper reviews the recent theoretical literature on heterogeneous firms and trade, which emphasizes firm selection into international markets and reallocations of resources across firms. We discuss the empirical challenges that motivated this research and its relationship to traditional...
Persistent link: https://www.econbiz.de/10013135411
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Using the New Products Margin to Predict the Industry-Level Impact of Trade Reform
Kehoe, Timothy J. - 2013
This paper develops a methodology for predicting the impact of trade liberalization on exports by industry (3-digit ISIC) based on the pre-liberalization distribution of exports by product (5-digit SITC). Using the results of Kehoe and Ruhl (2013) that much of the growth in trade after trade...
Persistent link: https://www.econbiz.de/10013071910
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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
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Trade Liberalization and Labor Market Adjustment in Botswana
McMillan, Margaret - 2019
We study the effects of domestic trade liberalization on labor markets in Botswana. South Africa is the dominant member of the Southern Africa Customs Union. As such, when South Africa liberalized trade in the 1990s, this induced large and plausibly exogenous tariff reductions for the other...
Persistent link: https://www.econbiz.de/10012862049
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When Does Trade Hurt? Market, Transition and Developing Economies
Krishna, Kala; Sahin, Cemile - 2021
This paper argues that labor market distortions in transition and developing economies help explain differential impacts of trade liberalization. We assume that workers differ in ability. In a market economy their earnings depend on their ability. However, earnings are independent of ability due...
Persistent link: https://www.econbiz.de/10013249346
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The WTO Promotes Trade, Strongly But Unevenly
Subramanian, Arvind; Wei, Shang-Jin - 2021
Contrary to the recent literature that concludes that the GATT/WTO has been completely ineffective in promoting world trade, this paper furnishes robust evidence that the institution has had a powerful and positive impact on trade. The impact has, however, been uneven. GATT/WTO membership for...
Persistent link: https://www.econbiz.de/10013313683
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Trade and Informality in the Presence of Labor Market Frictions and Regulations
Dix-Carneiro, Rafael; Goldberg, Pinelopi; Meghir, Costas; … - 2022
We build an equilibrium model of a small open economy with labor market frictions and imperfectly enforced regulations. Heterogeneous firms sort into the formal or informal sector. We estimate the model using data from Brazil, and use counterfactual simulations to understand how trade affects...
Persistent link: https://www.econbiz.de/10014089525
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Measuring the Gains from Trade Under Monopolistic Competition
Feenstra, Robert C. - 2010
Three sources of gains from trade under monopolistic competition are: (i) new import varieties available to consumers; (ii) enhanced efficiency as more productive firms begin exporting and less productive firms exit; (iii) reduced markups charged by firms due to import competition. The first...
Persistent link: https://www.econbiz.de/10013149703