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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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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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The impact of Brexit uncertainties on international trade : evidence from Belgium
Schmitz, Emerson - 2019
This paper investigates the short-run effects of the uncertainties brought along with the Brexit referendum on the bilateral trade between Belgium and its main trading partners. I find that import and export markets have specific dynamics and react differently to changes in political uncertainty...
Persistent link: https://www.econbiz.de/10012138102
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Consequences of Brexit and options for a "global Britain"
Brakman, Steven; Garretsen, Harry; Kohl, Tristan - 2017 - This version: April 19, 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/10011646796
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The impact of hard Brexit on Polish exports
Borowski, Jakub; Olipra, Jakub; Błaszyński, Paweł - In: International journal of management and economics 54 (2018) 2, pp. 99-109
The decision of the United Kingdom (UK) to leave the European Union (EU) is unprecedented, especially considering the recent trend in the global economy toward economic integration. There is a multitude of research concerning the implications of economic integration; however, research in the...
Persistent link: https://www.econbiz.de/10012027107
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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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Classical or gravity? : which trade model best matches the UK facts?
Minford, Patrick; Xu, Yongdeng - 2017
We examine the empirical evidence bearing on whether UK trade is governed by a Classical model or by a Gravity model, using annual data from 1965 to 2015 and the method of Indirect Inference which has very large power in this application. The Gravity model here differs from the Classical model...
Persistent link: https://www.econbiz.de/10011758969
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Trading firms and trading costs in services : firm-level analysis
Rouzet, Dorothée; Benz, Sebastian; Spinelli, Francesca - 2017
This report presents evidence on how services trade restrictions influence the decisions and performance of firms engaged in international markets, drawing on micro-data from Belgium, Finland, Germany, Italy, Japan, Sweden, the United Kingdom, and the United States. It first describes the...
Persistent link: https://www.econbiz.de/10011779469
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A survey of the long-term impact of Brexit on the UK and the EU27 economies
Bisciari, Patrick - 2019
This paper reviews a sample of studies on the long-term impact of Brexit on GDP and welfare for both the UK and EU economies. It considers only official and academic studies published before the end of November 2018. The paper highlights the very wide range of results, especially for the UK,...
Persistent link: https://www.econbiz.de/10011967412
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Brexit Impact on the UK Trade Agreements
Alali, Dr Walid Y; Ellalee, Haider - 2023
The people of Great Britain said their word to leave the European Union. The Brexit consequences impact on international trade is negative and large. In the meantime, the ambition Great Britain post Brexit aims for new trade agreements while not explicit (clear) about the type and with whom...
Persistent link: https://www.econbiz.de/10014350083