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preference by economists for factor or product taxes and subsidies over tariffs and export subsidies may not be justified in this …
Persistent link: https://www.econbiz.de/10012478316
available and an efficiency ranking is feasible: tariffs vs. non-tariff barriers (NTBs). In our policy choice model a government … bargaining with domestic SIGs can gain by constraining tariffs through international agreements even if this leads to the use of … indicates NTBs are less efficient than the tariffs they imperfectly replace. Moreover, we find parametric and non …
Persistent link: https://www.econbiz.de/10012463994
endowments theory would predict, the United States tends to trade more with densely-populated countries, while Japan tends to …
Persistent link: https://www.econbiz.de/10012473842
The First Opium War (1840-42) was a watershed in the history of China. In its aftermath Britain and other countries forced open new ports to foreign trade through international treaties. Chinese institutions of trade were abolished and re-organized under Western management, Western legal...
Persistent link: https://www.econbiz.de/10012481413
This paper discusses the likely evolution of the trade and environment issue in the World Trade Organization after the upcoming ministerial meeting in Singapore this December. It makes a number of points. Progress within the GATT/WTO on this issue looks likely to be slow and painfully...
Persistent link: https://www.econbiz.de/10012473066
We study a simple, tractable model of labor adjustment in a trade model that allows us to analyze the economy's dynamic response to trade liberalization. Since it is a neoclassical market-clearing model, we can use duality techniques to study the equilibrium, and despite its simplicity a rich...
Persistent link: https://www.econbiz.de/10012465184
We construct a dynamic, stochastic rational expectations model of labor reallocation within a trade model that is designed so that its key parameters can be estimated for trade policy analysis. A key feature is the presence of time-varying idiosyncratic moving costs faced by workers. As a...
Persistent link: https://www.econbiz.de/10012465185
A number of authors have argued that a worker's occupation of employment is at least as important as the worker's industry of employment in determining whether the worker will be hurt or helped by international trade. We investigate the role of occupational mobility on the effects of trade...
Persistent link: https://www.econbiz.de/10012460157
Producer services such as managerial and engineering consulting can provide domestic firms with the substantial benefits of specialized knowledge that would be costly in terms of both time and money for domestic firms to develop on their own. These intermediate services are often non-traded, or...
Persistent link: https://www.econbiz.de/10012471061
The incentives for domestic investment in debtor countries are influenced by the terms of their external obligations and by the system of taxation utilized to provide government revenue for debt payments. It is well known that existing debt contracts could be altered to improve the incentives...
Persistent link: https://www.econbiz.de/10012475906