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For most of the post WWII period, until recently, trade protectionism followed a downward trend, and was formulated in multilateral or bilateral agreements between countries. Recently however, there hasbeen a sharp shift towards unilateral, discretionary trade policy focused on short term...
Persistent link: https://www.econbiz.de/10013308819
International disputes over subsidies are increasingly disrupting the world trading system. The creation of the WTO was … subsidies that violate existing WTO rules have led to the largest amount of authorized retaliation in GATT/WTO history. Yet the … rules with the creation of the WTO. Our results suggest that, although GATT subsidy rules were typically viewed as weak and …
Persistent link: https://www.econbiz.de/10013216133
Over the WTO years, the frequency of disputes and court rulings has trended downwards. Such trends are sometimes … offer evidence that the predictions of our model are consistent with WTO trade dispute data, and we take a first step …
Persistent link: https://www.econbiz.de/10012948085
to go to war with each other, even after controlling for a wide set of measures of geographic distance and other factors …
Persistent link: https://www.econbiz.de/10013158697
We argue that one major cause of the U.S. postwar baby boom was the rise in female labor supply during World War II. We … decisions. We use the model to assess the impact of the war on female labor supply and fertility in the decades following the … war. For the war generation of women, the high demand for female labor brought about by mobilization leads to an increase …
Persistent link: https://www.econbiz.de/10012773125
Warfare is enormously destructive, and yet countries regularly initiate armed conflict against one another. Even more surprisingly, wars are often quite popular with citizens who stand to gain little materially and may lose much more. This paper presents a model of warfare as the result of...
Persistent link: https://www.econbiz.de/10012778156
have argued that trade makes war less likely, yet World War I erupted at a time of unprecedented globalization. This paper …Existing theories of pre-emptive war typically predict that the leading country may choose to launch a war on a … was Japan who launched a war against the West in 1941, not the West that pre-emptively attacked Japan. Similarly, many …
Persistent link: https://www.econbiz.de/10012937867
We investigate the long-run effects of cooling on conflict. We construct a geo-referenced and digitized database of conflicts in Europe, North Africa, and the Near East from 1400-1900, which we merge with historical temperature data. We show that cooling is associated with increased conflict....
Persistent link: https://www.econbiz.de/10013224365
This paper measures the effects of the risk of war on nine U.S. financial variables using a heteroskedasticity …-based estimation technique. The results indicate that increases in the risk of war cause declines in Treasury yields and equity prices …, a widening of lower-grade corporate spreads, a fall in the dollar, and a rise in oil prices. This war risk factor …
Persistent link: https://www.econbiz.de/10013210541
The implications of national security related procedures for trade flows at border points in OECD countries has become a major topic of commentary in popular press. We discuss whether the economic costs of border delays are represented solely by time spent in awaiting processing. This has been...
Persistent link: https://www.econbiz.de/10012761341