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States design some international institutions more flexibly than others. What explains this variation? Focusing on preferential trade agreements, we argue that different aspects of institutional design are interdependent. In particular, we posit that deep agreements create an incentive for...
Persistent link: https://www.econbiz.de/10014154356
Do WTO commitments reduce the risk of trade policy reversals? To address this question, we rely on the theoretical model of varying cooperative tariffs by Bagwell and Staiger (1990) to specify our empirical model for the probability of a tariff increase. We then study how WTO tariff commitments...
Persistent link: https://www.econbiz.de/10012882818
Policy commitment and credibility are important for inducing agents to make costly, irreversible investments. Policy uncertainty can delay investment and reduce the response to policy change. I provide theoretical and novel quantitative evidence for these effects by focusing on trade policy, a...
Persistent link: https://www.econbiz.de/10009413430
Do WTO commitments reduce the risk of trade policy reversals? To address this question, we rely on the theoretical model of varying cooperative tariffs by Bagwell and Staiger (1990) to specify our empirical model for the probability of a tariff increase. We then study how WTO tariff commitments...
Persistent link: https://www.econbiz.de/10010462834
Do WTO commitments reduce the risk of trade policy reversals? To address this question, we rely on the theoretical model of varying cooperative tariffs by Bagwell and Staiger (1990) to specify our empirical model for the probability of a tariff increase. We then study how WTO tariff commitments...
Persistent link: https://www.econbiz.de/10010462864
Do WTO commitments reduce the risk of trade policy reversals? To address this question, we rely on the theoretical model of varying cooperative tariffs by Bagwell and Staiger (1990) to specify our empirical model for the probability of a tariff increase. We then study how WTO tariff commitments...
Persistent link: https://www.econbiz.de/10013029880
South Korean diplomatic bargaining leverage is enhanced through South Korea acquiring global leadership positions in promoting sustainable development. Global governance trends in addressing the greenhouse gas emission causes of climate change create opportunities for South Korea to benefit in...
Persistent link: https://www.econbiz.de/10012949063
This chapter investigates how economic diplomacy can be used to generate and increase economic security. The first section sets out a definition for economic diplomacy, uncovers some of the historical roots and discusses empirical findings on the trade - conflict - cooperation relationships. The...
Persistent link: https://www.econbiz.de/10014206145
Old international relations theories never die. They don’t even fade away. Perhaps the most tenacious of them all is hegemonic stability theory (HST), which is the argument that a hegemonic power is necessary to maintain a stable, open international economic order because only a hegemon is...
Persistent link: https://www.econbiz.de/10014155260
Many politically and economically important groups are themselves comprised of groups. Examples of such multilevel group structures include coalition governments, labor confederations and multinational agreements. This paper develops a model of multilevel group structures. The results establish...
Persistent link: https://www.econbiz.de/10014166021