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World Trade, Imperial Fantasies and Protectionism : Can You Really Have Your Cake and Eat It Too?
Nagy, Csongor István - 2019
received a warm welcome. Fueled by imperial fantasies and nostalgia for the long-gone era of protectionism, the tectonic … allegations are, they are not true. Reverting to protectionism simply does not pay out and faces two major, arguably … unsurmountable, hurdles: the economic realities, which show that protectionism comes at a very high price even to those it strives to …
Persistent link: https://www.econbiz.de/10012889429
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Free Trade and Protectionism
Altman, Morris - 2010
of commodities. However, mainstream economic theory does not rule out protectionism as a welfare maximizing policy option … level. The main argument for protectionism is that of infant industry; industries in newly developing countries can only … of the nation imposing tariffs retaliate with a tariff on imports. Choosing or rejecting protectionism should be an …
Persistent link: https://www.econbiz.de/10014198807
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The product and sector level impact of a hard Brexit across the EU
Lawless, Martina; Morgenroth, Edgar L. W. - 2016
The UK exit from the European Union (Brexit) is likely to have a range of impacts, with trade flows likely to be most affected. One possible outcome of Brexit is a situation where WTO tariffs apply to merchandise trade between the UK and the EU. By examining detailed trade flows between the UK...
Persistent link: https://www.econbiz.de/10011565180
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Brexit Trade Impacts : Alternative Scenarios
Ciuriak, Dan - 2017
This note develops four alternative estimates of the trade-related impacts of the United Kingdom seceding from the European Union. We contrast two basic scenarios: an exit that re-sets the UK's relationship with the rest of the EU to a WTO-rules most favoured nation basis (“Brexit”), versus...
Persistent link: https://www.econbiz.de/10012954851
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Consequences of Brexit and Options for a 'Global Britain'
Brakman, Steven - 2017
The United Kingdom has opted to leave the European Union. The trade and welfare consequences of this decision are large; most studies predict a trade and welfare loss for both the UK and the EU. The UK parliament has indicated that it aims for new and ambitious trade agreements following Brexit,...
Persistent link: https://www.econbiz.de/10012955285
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Did Anti-Dumping Duties Really Restrict Import? : Empirical Evidence from the US, the EU, China, and India
Choi, Nakgyoon - 2017
This paper studied the effects of anti-dumping measures on the imports to investigate whether the trade restriction effect of an anti-dumping duty is dominant. Our results indicate that a 1% increase in the anti-dumping duties decreases the import of the targeted product by about 0.43~0.51%. The...
Persistent link: https://www.econbiz.de/10012959505
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Key Sectors in Input-Output Production Networks : An Application to Brexit
Gallegati, Mauro - 2019
This paper presents the first detailed and holistic description of the European production network (EPN) and provides different rankings of the most 'systemically important' industries involved in Brexit. Employing techniques of complex networks analysis and Input-Output traditional tools, the...
Persistent link: https://www.econbiz.de/10012891187
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An Estimation of the Effects of Brexit on Trade and Migration
Campos, Rodolfo G. - 2019
This paper uses a gravity model approach to estimate the effects of Brexit in two dimensions: trade in goods and migration. We simulate two scenarios: 1) no agreement with reversión to WTO rules and no special treatment for migrants; 2) signature of a bilateral free trade agreement (FTA)....
Persistent link: https://www.econbiz.de/10012869364
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Services trade in the United Kingdom and the global economy
Mourougane, Annabelle - 2021
Services play a more important role in trade and employment in the United Kingdom than in most other OECD countries. The UK services sector is supported by an open and transparent trade regime, policies that support competition and innovation, and regulatory transparency that facilitates the...
Persistent link: https://www.econbiz.de/10012801197
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EXITitis in the UK : gravity estimates in the aftermath of Brexit
Brakman, Steven; Garretsen, Harry; Kohl, Tristan - 2021
The withdrawal of the United Kingdom from the European Union has had disruptive effects on international trade. As part of its "Global Britain" strategy, in the wake of Brexit, the UK is pursuing a series of Free Trade Agreements with countries around the world, including Canada, Japan, Korea,...
Persistent link: https://www.econbiz.de/10012619413