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We study the dynamics of optimal trade policy in a model with costly inter-sectoral adjustment of labour, where migrants pay less than the marginal social cost of migration. If workers have rational expectations, a future tariff has an announcement effect on the current migration decision. If...
Persistent link: https://www.econbiz.de/10004979720
We model the situation where two large countries impose either tariffs or quotas and a third large country remains passive. The introduction of the third country overturns results from two-country models. Stable quota equilibria are capable of reproducing the equilibrium price under tariffs, and...
Persistent link: https://www.econbiz.de/10004979759
The paper develops a procedure for decomposing changes in agricultural price gaps, defined as the difference between a commodity's domestic producer and border prices. Two decomposition approaches are presented, depending on whether policy allows transmission from changes in trade prices and...
Persistent link: https://www.econbiz.de/10005805324
The United States, Canada and the Cairns Group proposed disciplines on distorting domestic support in agriculture at the WTO Committee on Agriculture in July and September 2002. This paper assesses the key features of the 2002 proposals: green box provisions, blue box provisions, de minimis...
Persistent link: https://www.econbiz.de/10005805325
The purpose of this paper is to discuss how consumers in Canada, like those in the United States and Europe, have changed over the last ten years and the impact this is having on how agricultural commodities are being produced, transformed, distributed and traded. It will also be important to...
Persistent link: https://www.econbiz.de/10005805326
In recent years increased emphasis has been placed on a range of "non-trade" concerns and their implications for the move towards freer trade. We review the basis of several of these concerns, focusing particularly on multifunctionality. The simple view of a fixed proportions relationship...
Persistent link: https://www.econbiz.de/10005805328
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