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This paper empirically investigates the impact of tariffs when production is organized in global value chains. Using … tariffs at different stages of the production chain for a broad set of countries and industries. Our results suggest that … tariffs have significant effects on economic outcomes, including on countries and sectors not directly targeted. We find that …
Persistent link: https://www.econbiz.de/10013295005
environments. Besides traditional tariffs, exporting firms need to comply with regulatory non-tariff measures (NTMs) in the form of … challenge to MNEs' subsidiaries' activity and performance than tariffs do. High-tech manufacturing subsidiaries of foreign MNEs …
Persistent link: https://www.econbiz.de/10014450560
Persistent link: https://www.econbiz.de/10012212667
Global trade has been exceptionally weak over the past four years. While global trade grew at approximately twice the rate of GDP prior to the Great Recession, the ratio of global trade to GDP growth has declined to about unity since 2012. This paper assesses to what extent the change in the...
Persistent link: https://www.econbiz.de/10012983093
management system. This can also stabilize the long-term trading system with the world on an overall balance of interest between …
Persistent link: https://www.econbiz.de/10014193718
growth of networks of interdependence within multinational regions of the world. The recent decades are characterized by the … fact that the world trade grew faster than world output, which implies that an increasing share of world GDP crosses … economic integration is being created within a few specific regions of the world: Europe, North America and East Asia …
Persistent link: https://www.econbiz.de/10014209166
This paper seeks to expand our understanding of Corporate Political Activity (CPA) in trade policy by exploring the strategic responses of EU trade dependent firms (TDFs) to the recent backlash against globalization. We develop propositions on likely corporate strategies in this context and...
Persistent link: https://www.econbiz.de/10013228395
Anti-dumping actions are now the trade policy of choice of developing and transition economies. To understand why these economies have increasingly applied anti-dumping laws, we build a simple theoretical model of vertical intra-industry trade and investigate the strategic incentives of...
Persistent link: https://www.econbiz.de/10011342568
The Marrakesh Agreement establishing the WTO recognizes the need for positive efforts designed to ensure that developing countries and especially the least developed among them secure a share in the growth in international trade commensurate with the needs of their economic development.This...
Persistent link: https://www.econbiz.de/10012436848
We review a recent body of theoretical work that aims to put numbers on the consequences of globalization. A unifying theme of our survey is methodological. We rely on gravity models and demonstrate how they can be used for counterfactual analysis. We highlight how various economic...
Persistent link: https://www.econbiz.de/10014025382