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Trade Policy of a Free Society
McGee, Robert W. - 2016
This paper examines the various arguments that have been put forth in favor of protectionism, from both an accounting and philosophical perspective. The author concludes that arguments against free trade are based on faulty premises, illogical reasoning or incorrect facts. Part 2. This paper was...
Persistent link: https://www.econbiz.de/10012981890
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Liberalized trade policy and inequality : evidence from post-Multi-Fibre Arrangement India and some theoretical issues
Kar, Mausumi; Kar, Saibal - 2015
The phased elimination of the Multi-Fibre Arrangement has been one of the most compelling trade policy reforms of the early twenty-first century, and has brought in significant changes in the industrial structures of the countries of the global south. The textile and clothing industry is the...
Persistent link: https://www.econbiz.de/10010465456
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To Find Relative Earnings Gains After the China Shock, Look Outside Manufacturing and Upstream
Pierce, Justin R.; Schott, Peter K.; Tello Trillo, … - National Bureau of Economic Research - 2024
We examine US workers' employment and earnings before and after trade liberalization with China. Among workers initially employed in manufacturing, we find substantial and persistent declines in both outcomes, with indirect exposure via input-output linkages exacerbating the negative effects of...
Persistent link: https://www.econbiz.de/10014544717
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A Schumpeterian Model of Protection and Relative Wages
Dinopoulos, Elias; Segerstrom, Paul - 1996
This paper presents a dynamic general equilibrium model of trade between two advanced countries in which both innovation and skilled acquisition rates are endogenously determined. The model offers a North-North (as opposed to a North-South) trade explanation for increasing relative wage...
Persistent link: https://www.econbiz.de/10010334719
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Regulatory autonomy and multilateral disciplines : the dilemma and a possible resolution
Mattoo, Aaditya; Subramanian, Arvind - 1997 - Manuscript date: December, 1997
A major challenge for the multilateral trading system is to secure the benefits of trade liberalization without infringing on the freedom of governments to pursue legitimate domestic objectives. The difficulty lies in distinguishing between two types of situations. In one, a non-protectionist...
Persistent link: https://www.econbiz.de/10010227585
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I've been everywhere (except Mexico) : investor responses to NAFTA's cross-border trucking provisions
Davies, Ronald B.; Liebman, Benjamin H.; Tomlin, Kasaundra - 2015
We investigate the response of US trucking firms to the removal of barriers to crossborder trucking under NAFTA. This was done via a program implemented in 2007, cancelled in 2009, and reinstated in 2011. We find that, unsurprisingly, the program's start resulted in lower stock returns,...
Persistent link: https://www.econbiz.de/10010467794
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The relationship between services trade and government procurement commitments : insights from relevant WTO agreements and recent RTAs
Anderson, Robert D.; Locatelli, Claudia; Müller, Anna … - 2014 - Manuscript date: 24 October, 2014
To date, government procurement has been effectively carved out of the main multilateral rules of the WTO system. This paper examines the systemic and other ramifications of this exclusion, from both an economic and a legal point of view. In addition to relevant elements of the WTO Agreements,...
Persistent link: https://www.econbiz.de/10010430680
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Trade protection in India : economics vs. politics?
Gang, Ira N.; Pandey, Mihir - 1996
This paper investigates economic and political determinants of protection across the secondary (manufacturing) sector … compared to the rest-of-the-world to have low levels of protection. Moreover, the degree of protection should change as the … industries may enjoy a great deal of protection because of political lobbying (...) …
Persistent link: https://www.econbiz.de/10011576560
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Published and realized tariffs : the weak link
Gang, Ira N.; Pandey, Mihir - 1996 - Revised
This paper investigates the link between published tariff rates and realized tariff rates using Indian inter-industry manufacturing sector data over three Plan periods. Understanding this link is important as economies liberalize trade and must deal with the potential revenue shortfalls: if the...
Persistent link: https://www.econbiz.de/10011576765
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Revenue motives and trade liberalization in an endogenous tariff model
Gang, Ira N. - 1994
-maker would respond to lower world prices by reducing tariff protection for an import-competing industry. An initial tariff that …
Persistent link: https://www.econbiz.de/10011577171