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Trade liberalization has proceeded on the assumption that eventual aggregate welfare gains will exceed the losses. While compensatory mechanisms exist in most countries, they tend to be underfunded and ineffective. To begin to address this problem, the direct beneficiaries from trade...
Persistent link: https://www.econbiz.de/10013241712
This study revisits the trade and welfare effects of 19th century bilateralism exploiting the latest developments in structural gravity models, including the consideration of domestic trade. Using bilateral trade data between 1855 and 1875, I show that the Cobden-Chevalier network, i.e. a system...
Persistent link: https://www.econbiz.de/10013222420
In a large number of circumstances, trade policy modelers turn to partial equilibrium modeling in an imperfect substitutes framework. This paper develops a formal representation of this imperfect substitutes model and applies it to trade liberalization within the negative list between Pakistan...
Persistent link: https://www.econbiz.de/10014161468
In this paper, I estimate the impact of heterogeneity in non-tariff measures policies on countries’ global value chain-related trade and its backward and forward components. I first build a regulatory distance index, which measures the degree of dissimilarity in non-tariff measure structures...
Persistent link: https://www.econbiz.de/10014080397
This volume was prepared by Inga Heiland while she was working at the Ifo Institute. It was completed in July 2016 and accepted as a doctoral thesis by the Department of Economics at the University of Munich. It comprises five chapters addressing one or more aspects of international trade and...
Persistent link: https://www.econbiz.de/10011736433
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Bilateral Investment Treaties (BITs) are an important instrument for the protection of foreign direct investment (FDI). However, compared to international trade law, international investment law has so far received only little research attention from an economic point of view. By applying a law...
Persistent link: https://www.econbiz.de/10013522696
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, calibrate it to the year 2000 using the World Input-Output Database, and perform a counterfactual analysis of China’s WTO … accession. We find that China's WTO entry accounts for about 45% of the decrease in China's value added exports to exports ratio … results imply that China's WTO accession was the driving force behind the strengthening of production networks with its …
Persistent link: https://www.econbiz.de/10011517926