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For a representative sample of manufacturing firms in 26 countries, this paper shows that changes in the cost of importing over time are significantly and negatively correlated with changes in the percentage of firms' material inputs that are of foreign origin. Furthermore, the paper shows that...
Persistent link: https://www.econbiz.de/10012972871
economies, and free trade areas and customs unions. The analysis reveals important measurement and identification challenges for …
Persistent link: https://www.econbiz.de/10012973155
Trade policy commitments to lower import tariffs and to maintain tariffs at low levels entail short and long-run political-economic costs and benefits. Empirical work examining the relationship between such commitments and the exercise of trade policy flexibilities is still relatively nascent,...
Persistent link: https://www.econbiz.de/10012974687
-South protectionism. Finally, it then investigates empirically whether country-level exports resume when the previously imposed -- but …. This evidence suggests a previously unidentified long-run cost associated with such South-South protectionism that merits …
Persistent link: https://www.econbiz.de/10012975067
This paper surveys empirically the broad features of trade policy in goods for 31 major economies that collectively represented 83 percent of the world's population and 91 percent of the world's GDP in 2013. It addresses the following five questions: Do some countries have more liberal trading...
Persistent link: https://www.econbiz.de/10012936297
How do global supply chain linkages modify countries' incentives to impose import protection? Are these linkages empirically important determinants of trade policy? To address these questions, this paper introduces supply chain linkages into a workhorse terms-of-trade model of trade policy with...
Persistent link: https://www.econbiz.de/10012936568
Can regionalism do what multilateralism has so far failed to do?promote greater openness of services markets? Although previous research has pointed to the wider and deeper legal commitments under regional agreements as proof that it can, no previous study has assessed the impact of such...
Persistent link: https://www.econbiz.de/10012970604
This paper estimates the impact of aggregate fluctuations on the time-varying trade policies of thirteen major emerging economies over 1989-2010; by 2010, these WTO member countries collectively accounted for 21 percent of world merchandise imports and 22 percent of world GDP. The paper examines...
Persistent link: https://www.econbiz.de/10012974694
The use of computable general equilibrium (CGE) simulation models for policy analysis has become widespread. However, such techniques are not well suited to economywide analysis in developing countries. Instead, simulation models relying on "borrowed" parameter estimates have been used for a...
Persistent link: https://www.econbiz.de/10012972974
What kinds of changes in foreign competition lead domestic industries to seek import protection? To address this question this paper uses detailed monthly U.S. import data to investigate changes in import composition during a 24-month window immediately preceding the filing of a petition for...
Persistent link: https://www.econbiz.de/10012973443