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Was the collapse of world trade between 1928 and 1937 caused by higher transport costs, increased protectionism or the …
Persistent link: https://www.econbiz.de/10012023385
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
structural model of endogenous tariff evasion, one which then highlights the importance of both tariffs and border enforcement …
Persistent link: https://www.econbiz.de/10013473258
structural model of endogenous tariff evasion, one which then highlights the importance of both tariffs and border enforcement …
Persistent link: https://www.econbiz.de/10013463011
Significant measures were undertaken by India and Pakistan to liberalize trade in 2012. In particular, Pakistan's policy to permit all items to be imported from India except for a few items was expected to bring about a quantum increase in India's exports. Similarly, India's efforts to address...
Persistent link: https://www.econbiz.de/10011890670
We carry out an indirect inference test of two versions of a computable general equilibrium (CGE) model of world trade …. One of these, the ‘classical’ model,is well-known as the Heckscher-Ohlin-Samuelson model of world trade, in which … countries trade homogeneous products in world markets and produce according to their comparative advantage as determined by …
Persistent link: https://www.econbiz.de/10012602338
-supply elasticity and of the import-demand elasticity. We demonstrate the effectiveness of our techniques in the case of MFN tariffs and ….g. most favored nation tariffs) and on the exporter side (e.g. export subsidies), even in the presence of exporter and …
Persistent link: https://www.econbiz.de/10011750135
model that incorporates bilateral tariffs and a number of indicators for the quality of infrastructure. The paper looks at … estimators, multilateral resistances for tariffs and remoteness are introduced in the gravity equation. Moreover, the robustness … included. The results can be summarised in four main findings: (i) bilateral tariffs, generally neglected in gravity regression …
Persistent link: https://www.econbiz.de/10010205559
The WTO's plurilateral Information Technology Agreement (ITA) reduced tariffs to zero on many IT products. This paper … time in trade literatures. Inserting tariffs directly into the gravity equation breaks the ITAs impact down into four … layers. Import demand elasticities are found to be non-linear: Tariff reduction (layer 1) has relatively small impacts, while …
Persistent link: https://www.econbiz.de/10010482005
We propose a simple and flexible econometric approach to quantify ex-ante the "deep" impact of trade liberalization and the "hard" effects of protection with the empirical structural gravity model. Specifically, we argue that the difference between the estimates of border indicator variables for...
Persistent link: https://www.econbiz.de/10012599928