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We quantify the partial and general equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 countries over the period 1980-2016, we find that the average impact of GATT/WTO membership on trade among member countries is...
Persistent link: https://www.econbiz.de/10013162399
International business-cycle models assume that home and foreign goods are poor substitutes. International trade models assume they are close substitutes. This paper constructs a model where this discrepancy is due to frictions in distribution. Imports need to be combined with a local non-traded...
Persistent link: https://www.econbiz.de/10013035183
We look for evidence that heterogeneity of goods influences how the goods are traded internationally, whether via an intermediary in the form of a wholesaler, within the firm via intra firm trade, or at arms-length between firms. Making use of a unique data set of U.S. industries we find that...
Persistent link: https://www.econbiz.de/10013078724
We build on the latest developments in the structural gravity literature to quantify the partial and general equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 countries over the period 1980-2016, we find that the...
Persistent link: https://www.econbiz.de/10012269824
Bilateral trade balances often play an important role in the international trade policy debate. Academic economists understand that they are misleading indicators of competitiveness and of the gains from trade. However, they also recognize their political relevance, calling for accurate...
Persistent link: https://www.econbiz.de/10012055590
The role of exports in promoting economic growth has been widely acknowledged. This paper analyses the link between exporting and growth performance in Kenya using time series data. Despite trade liberalization and export promotion policies pursued over time, Kenya's export growth has been...
Persistent link: https://www.econbiz.de/10012161337
This paper explores patterns of quality differentiation and specialization relying on model-level panel data of retail sales and prices of refrigerators across 23 countries in the European Union. Unlike customs data aggregated at the product category, typically used in the literature,...
Persistent link: https://www.econbiz.de/10014533531
With the virtual disappearance of tariffs, domestic export time delays have emerged as a major obstacle to trade. This explains recent WTO initiatives to combat such delays that have resulted in important reductions in forty percent of developing countries. We propose a novel mechanism by which...
Persistent link: https://www.econbiz.de/10012863039
Inclusivity is perhaps the single most important human need to facilitate and demonstrate fairness for all members in an open and free society. When this principle need is compromised by appearances of unscrupulous self-interested privileged elites to perpetuate a systemic widening disparity...
Persistent link: https://www.econbiz.de/10014175063
This paper focuses on the question of whether labor standards can affect comparative advantage in unskilled-labor-intensive goods, and thereby influence trade flows. Using a Heckscher-Ohlin framework, the effects of low labor standards depend on the type of standard: Forced and child labor lead...
Persistent link: https://www.econbiz.de/10014121793