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This paper reviews the history of bilateral trade negotiations between Taiwan and the U.S. The question posed at the outset is: does bilateralism enhance or jeopardize multilateralism? The U.S.-Taiwan experience seems to suggest a grossly negative answer. Bilateral negotiations for market...
Persistent link: https://www.econbiz.de/10012473546
. Intuitively, unilateral liberalization by one country has the effect of increasing the incentives for the export lobby in the …
Persistent link: https://www.econbiz.de/10012469067
in all world markets and to help secure 20 percent of the Japanese semiconductor market for foreign firms within five … 'affirmative action' for the industry in its efforts to sell more in Japan, but has been criticized as constituting 'export …
Persistent link: https://www.econbiz.de/10012474180
cartels have a strongly negative international spillover, export cartels or international cartels do not constrain market … access,' and export restraints were often used to ameliorate trade frictions. Moreover, domestic cartels often have a … positive international spillover on the export from foreign countries. Thus, the recent focus on competition policy from market …
Persistent link: https://www.econbiz.de/10012472092
portfolios concentrated in sectors exposed to competition from China face an increase in non-performing loans after China's entry … into the World Trade Organization. As a result, they reduce the supply of credit to firms, irrespective of the firm … financial channel amplifies the shock to firms already hit by import competition from China and passes it on to firms in sectors …
Persistent link: https://www.econbiz.de/10014250129
turn reduces trade flows and real income for consumers. We apply the model to analyze China's export boom around its WTO … theory-consistent measure of TPU and estimate that it can explain between 22-30% of Chinese exports to the US after WTO …We assess the impact of U.S. trade policy uncertainty (TPU) toward China in a tractable general equilibrium framework …
Persistent link: https://www.econbiz.de/10012459285
Industrial policies (IPs) include such varying practices as production subsidies, export subsidies, and import … from 1975 through 2000, this paper examines whether steel-sector IPs have a significant impact on the export … find that a one-standard-deviation increase in IP presence leads to a 3.6% decline in export competitiveness for an average …
Persistent link: https://www.econbiz.de/10012459971
This paper shows how unilateral liberalization in one country can increase the voting support for reciprocal reduction in trade barriers in a partner country. When trade policies are determined simultaneously in the two countries, we show the possibility of multiple political equilibria -...
Persistent link: https://www.econbiz.de/10012467863
When subsidies and tariffs are applied to imports with fluctuating prices, it is shown that the output response of domestic producers depends on market structure and their attitude toward risk. The domestic industry response is contrasted under two types of market structure, a monopoly and a...
Persistent link: https://www.econbiz.de/10012478495
It is widely believed that U.S. trade deficits have displaced workers from highly paid manufacturing jobs into less well-paid service employment, contributing to declining incomes for the nation as a whole. Although proponents of this view do not usually think of it this way, this analysis falls...
Persistent link: https://www.econbiz.de/10012473386