direct impact of tariffs on trade flows. …

trade integration also leads to better and greater export possibilities. While we find that Korea's own tariffs do not have … of imports on labor-demand elasticities when we replace tariffs with import penetration ratios. We also find a fair …

WTO negotiations deal predominantly with bound - besides applied - tariff rates. But, how can reductions in tariffs … from the real options literature; doing so we highlight the important role of bound tariffs at the extensive margin of … trade. We find that bound tariffs are more effective with higher risk destination markets, that a large binding overhang may …