Showing 1 - 10 of 8,303
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
affected. One possible outcome of Brexit is a situation where WTO tariffs apply to merchandise trade between the UK and the EU … falling by 5% (Finland) to 43% (Bulgaria) taking into account the new tariffs and the elasticity of the trade response to this …
Persistent link: https://www.econbiz.de/10011565180
This study explores tariff cooperation under a representative democracy, comparing national welfare realized in three trading regimes: most favored nation (MFN), customs union (CU), and free trade agreement (FTA). Two points are addressed: Why have FTAs increased in recent decades when...
Persistent link: https://www.econbiz.de/10012900908
implications of a south-south customs union (CU) on the pattern of tariffs and welfare. We find that south countries always have … relative to north firms, a south-south CU leads to a large trade diversion effect and reduces world welfare. We further show …
Persistent link: https://www.econbiz.de/10013148633
time, challenges to it have remained omnipresent.The latest of these challenges has manifested itself in increased tariffs … Second World War and of China during more recent decades as being the result of selective protection and industrial targeting …
Persistent link: https://www.econbiz.de/10012846238
This paper uses a new dataset on the universe of Canadian imports and tariffs between 1924 and 1936, disaggregated into … tariffs which varied substantially across goods, trade partners, and time. We develop a novel method of controlling for … the impact of tariffs on trade flows. The overall impact of post-1929 tariff shifts, including the 1932 agreements, was …
Persistent link: https://www.econbiz.de/10014275962
Three years ago, very few economists would have imagined that one of the newest and fastest growing research areas in international trade is the use of quantitative trade models to estimate the economic welfare losses from dissolutions of major countries' economic integration agreements (EIAs)....
Persistent link: https://www.econbiz.de/10012026353
This paper empirically investigates the effect of the EU-South Korea free trade agreement (FTA) on manufacturing trade flows. By applying a state-of-the-art structural gravity model with intranational (i.e., domestic) trade and using disaggregated data, we quantify both the trade impact and the...
Persistent link: https://www.econbiz.de/10014342219
Gravity equations have been used for more than 50 years to estimate ex post the partial effects of trade costs on international trade flows, and the well-known - and traditionally presumed exogenous - "trade-cost elasticity" plays a central role in computing general equilibrium trade-flow and...
Persistent link: https://www.econbiz.de/10011309578
Recent supply disruptions catapulted the issue of risk in global supply chains (GSCs) to the top of policy agendas and created the impression that shortages would have been less severe if GSCs were either shorter and more domestic, or more diversified. But is this right? We start our answer by...
Persistent link: https://www.econbiz.de/10013210958