Bown, Chad P.; Caliendo, Lorenzo; Parro, Fernando; … - National Bureau of Economic Research - 2024
our theoretical results to China's 2001 WTO accession, we find that China's tariff reductions exceeded reciprocity norms …We formalize the GATT/WTO principle of reciprocity in workhorse quantitative trade models, characterizing reciprocal …, increasing real incomes but amplifying the manufacturing employment dislocation - the China Shock - in the United States and …