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irrelevant, there is no need for trade agreements - free trade is the optimal policy for each country. But under even minimal … deviations from that benchmark, trade agreements matter. We focus on environments in which there are market failures, technology … domestic contracts and a key determinant of the feasibility and consequences of agreements. With endogenous technology, trade …
Persistent link: https://www.econbiz.de/10014576561
We exploit a natural experiment to study the extent to which popular attitudes toward trade are driven by economic … fundamentals. In 2007, Costa Rica put a free trade agreement (FTA) to a national referendum. With a single question on the ballot …
Persistent link: https://www.econbiz.de/10013210086
reduction in exports. Firms affected by the shutdown were unable to make up for the loss of trade financing, especially if they … were financially constrained, and consequently laid off employees and curtailed investment. These negative effects were … suggest that government policies aimed at providing trade financing can boost exports and firm growth even in countries with …
Persistent link: https://www.econbiz.de/10014468219
Multinational enterprises (MNEs) increasingly impose "Responsible Sourcing" (RS) standards on their suppliers worldwide, including requirements on worker compensation, benefits and working conditions. Are these policies just "hot air" or do they impact exposed suppliers and their workers? What...
Persistent link: https://www.econbiz.de/10013462731
and domestic firms in a low-income host country. The US-Vietnam Bilateral Trade Agreement reduced US import tariffs on …
Persistent link: https://www.econbiz.de/10013477221
Perceptions of global supply chains (GSCs) have shifted in recent years from a positive to a more cautious view. Standard GSC measures have mostly not adapted to this change as they focus on participation in, rather than exposure to, foreign supply chains. This paper presents the tools necessary...
Persistent link: https://www.econbiz.de/10013388881
We estimate the impact of trade policy uncertainty (TPU) on CES import price indices, focusing on the implications of …
Persistent link: https://www.econbiz.de/10014337833
We show that reducing the probability of a trade war promotes long-term importer-exporter relationships that ensure … trade war. Extending the standard general equilibrium trade model to encompass potential trade wars and relational contracts …
Persistent link: https://www.econbiz.de/10014486230
We review theoretical and empirical work on the economic effects of the United States and China trade relations during … economic effects on different outcomes. We then focus on the recent U.S.-China trade war. We discuss methods used to evaluate … its effects, describe its economic effects, and analyze if this increase in trade protectionism reverted the effects of …
Persistent link: https://www.econbiz.de/10013361989
neoclassical growth model. Investment rates and total factor productivity start out low and rise over time. These model dynamics …
Persistent link: https://www.econbiz.de/10012462256