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Reciprocity and the China Shock
Bown, Chad P.; Caliendo, Lorenzo; Parro, Fernando; … - National Bureau of Economic Research - 2024
We formalize the GATT/WTO principle of reciprocity in workhorse quantitative trade models, characterizing reciprocal tariff cuts that hold terms of trade fixed and investigating their labor-market impacts. We provide closed-form expressions mapping reciprocal tariff cuts to labor market...
Persistent link: https://www.econbiz.de/10015056161
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Multilateral Trade Bargaining and Dominant Strategies
Bagwell, Kyle - 2016
preferences if and only if the initial tariff vectors position the initial world price at its "politically optimal" level. In …
Persistent link: https://www.econbiz.de/10012455838
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Trade Policy and Global Sourcing : An Efficiency Rationale for Tariff Escalation
Antràs, Pol; Fort, Teresa C.; Gutierrez, Agustin; … - National Bureau of Economic Research - 2022
Import tariffs tend to be higher for final goods than for inputs, a phenomenon commonly referred to as tariff escalation. Yet neoclassical trade theory - and modern Ricardian trade models, in particular - predict that welfare-maximizing tariffs are uniform across sectors. We show that tariff...
Persistent link: https://www.econbiz.de/10013334443
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The Empire Project : Trade Policy in Interwar Canada
Lampe, Markus; O'Rourke, Kevin Hjortshøj; Reiter, Lorenz; … - National Bureau of Economic Research - 2023
This paper uses a new dataset on the universe of Canadian imports and tariffs between 1924 and 1936, disaggregated into 1697 goods originating in 112 countries, to analyze the impact on Canadian imports of interwar Canadian trade policy, including the 1932 Ottawa trade agreements. Rather than...
Persistent link: https://www.econbiz.de/10014287339
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Estimating the Regional Welfare Impact of Tariff Changes : Application to the United States
Feenstra, Robert C.; Hong, Chang - National Bureau of Economic Research - 2024
We propose an empirical method using a translog expenditure function to estimate the regional welfare impact of changes in import tariffs, and we apply this method to the United States. Tariff revenue is assumed to be distributed on a per-capita basis, so states with greater production will...
Persistent link: https://www.econbiz.de/10015072948
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Commodity Price Volatility and World Market Integration since 1700
Jacks, David S. - 2009
of life deep into the 18th century. Does world market integration breed more or less commodity price volatility? The … been associated with much greater commodity price volatility, while world market integration associated with peace and pro … never been constant. Globalization increased poor country specialization in commodities when the world went open after the …
Persistent link: https://www.econbiz.de/10012463899
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Voluntary Emission Restraints in Developing Economies : The Role of Trade Policy
Caliendo, Lorenzo; Dolabella, Marcelo; Moreira, … - National Bureau of Economic Research - 2024
We study the role of trade policy in one of the most pressing climate policy challenges that developing countries face: meeting voluntary emission restraints (VERs). To do so, we develop a general equilibrium trade model that extends Caliendo and Parro (2015) in three dimensions. First, we model...
Persistent link: https://www.econbiz.de/10014544737
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Can the Doha Round be a Development Round? Setting a Place at the Table
Bagwell, Kyle - 2011
membership into the world trading system, the WTO may face a "latecomers" problem that, while occurring also in earlier rounds …
Persistent link: https://www.econbiz.de/10012461008
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Delocation and Trade Agreements in Imperfectly Competitive Markets
Bagwell, Kyle - 2009
We consider the purpose and design of trade agreements in imperfectly competitive environments featuring firm-delocation effects. In both the segmented-market Cournot and the integrated-market monopolistic competition settings where these effects have been identified, we show that the only...
Persistent link: https://www.econbiz.de/10012463205
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Profit Shifting and Trade Agreements in Imperfectly Competitive Markets
Bagwell, Kyle - 2009
When markets are imperfectly competitive, trade policies can alter the terms of trade, shift profits from one country to another, and moderate or exacerbate existing distortions that are associated with the presence of monopoly power. In light of the various ways in which trade policies may...
Persistent link: https://www.econbiz.de/10012463844