From its inception, the Penn World Tables (PWT), building on the International Comparisons Program (ICP) of the United Nations, has sought to compare the standard of living of individuals in different countries. That is, the term"real GDP per capita"as reported in the PWT is intended to...

In poor countries, most governments implement policies aiming to stabilize the prices of staple foods, which often include storage and trade measures insulating their domestic market from the world market. It is of crucial importance to understand the precise motivations and efficiency of those...

The Special Safeguard Mechanism was a key issue in the July 2008 failure to reach agreement in the World Trade Organization negotiations under the Doha Development Agenda. It includes both price and quantity-triggered measures. This paper uses a stochastic simulation model of the world wheat...

The alarming increase in the number of antidumping actions pursued by both industrial and developing countries has caused considerable concern among economists, lawyers, and trade reformers. These concerns have led to suggestions to substitute antitrust principles for antidumping laws and...

One side of the debate about anti-dumping argues that dumping is not a problem in international trade - that it is a normal business practice which benefits the importing country's consumers and user industries - and that anti-dumping is inherently protectionist. The other side argues that an...

The author evaluates the progress in agricultural liberalization -and the welfare effects for least-developed and net food-importing countries- as a result of agricultural price shocks resulting from the Uruguay Round. She findsthat: (1) The changes in welfare are significantly affected by the...

The authors quantify the impact on Cameroon of three aspects of its new regional trade agreement with the Central African Economic and Monetary Community (the CEMAC agreement): i) improved access to markets in CEMAC; ii) preferential tariff reduction; and iii) reduction of its external tariff...

A policy of national exhaustion says that the rights to control distribution, end upon first sale only within a country, thereby permitting rights holders to exclude parallel imports. A policy of international exhaustion states that such rights end upon first sale anywhere, and therefore permits...

The author presents the first documented estimates of how moving to international trade prices effects the terms of trade in 15 countries of the former Soviet Union. First, he decomposes the total impact of a change in the inter-republic and extra-republic terms of trade. The broad pattern, he...

Dumping accurs when a firm charges a price in the foreign market below its price in the domestic market when it supplies the indentical good to both markets. Provisions within the GATT allow member countries to impose antidumping (AD) duties to counteract this behavior and return the price of...