While quotas can be expressed in tariff-equivalent terms and have identical economic effects under some conditions, they do not share the same welfare implications with tariffs in the presence of a piecemeal reform (second-best). In this paper we show that this non-welfare equivalence persists...

Recent studies have concluded that R&D grants can induce firms to export and that exporting and innovating can be complementary activities at the firm level. Yet the trade literature has paid little attention to the scope of innovation policy as a stimulus to both trade and innovation. To...

Mit dem Abschuss einer Passagiermaschine mit 298 Insassen über der Ostukraine am 17. Juli 2014 mutmaßlich durch pro-russische Separatisten haben die Beziehungen zwischen Russland und dem Westen einen neuen Tiefpunkt erreicht. Bereits am 17. März 2014, einen Tag nach dem erfolgreichen...

When President Trump came into office the US administration launched a detailed analysis of American trade relations. It aimed to identify "unfair trade practices" that are supposedly increasingly being used by other countries, and that are economically damaging to America. This study simulates...