Henn, Christian; Gnutzmann-Mkrtchyan, Arevik - 2015 - Manuscript date: February 2015
presents a comprehensive study of its trade impacts by incorporating recent insights from both the global value chain (GVC) and … time in trade literatures. Inserting tariffs directly into the gravity equation breaks the ITAs impact down into four … positive non-tariff effects on both imports (layer 3) and exports (layer 4). These commitment effects suggest that higher trade …