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The Bagwell and Staiger (1990) theory of cooperative trade agreements predicts new tariffs (i) increase with imports, (ii) increase with the inverse of the sum of the import demand and export supply elasticities, and (iii) decrease with the variance of imports. We find US import policy during...
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versus export promotion and use the Bagwell and Staiger interpretation of the WTO principle of reciprocity to provide a … political-legal-economic decision on a WTO-consistent counterfactual to use to implement the formula, and iii) the quantitative … methods they use to necessarily construct the (unobserved) WTO-consistent counterfactual. We examine not only the arbitrations …
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Suppose that when addressing the question of “what’s left for the WTO?,” negotiators relied not on the agenda … agreement like the WTO to facilitate. These three areas include applied tariffs for countries that are not members of the WTO …, applied tariffs for WTO members that are unbound, and applied tariffs for WTO members set in the presence of large amounts of …
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