Seit über einem Jahr verhandeln die EU und die USA über das größte Freihandelsabkommen der Geschichte – die beiden Regionen stehen für rund ein Drittel des Welthandels. Von der Transatlantischen Handels- und Investitionspartnerschaft (TTIP) wird die deutsche Wirtschaft aufgrund ihres...

The paper analyses the influence of trade policies on the investment decisions of a representative individual. In particular, the increased uncertainty of future income is considered in the investment behaviour of individuals. The optimal portfolio-decision of a representative working individual...

This paper finds a link between the sharp drop in U.S. manufacturing employment beginning in 2001 and a change in U.S. trade policy that eliminated potential tariff increases on Chinese imports. Industries where the threat of tariff hikes declines the most experience more severe employment...

Seit über einem Jahr verhandeln die EU und die USA über das größte Freihandels-abkommen der Geschichte – die beiden Regionen stehen für rund ein Drittel des Welthandels. Von der Transatlantischen Handels- und Investitionspartnerschaft (TTIP) wird die deutsche Wirtschaft aufgrund ihres...

This paper examines the impact of trade liberalization on U.S. Congressional elections. We find that U.S. counties subject to greater competition from China via a change in U.S. trade policy exhibit relative increases in turnout, the share of votes cast for Democrats and the probability that the...

A standard finding in the political economy of trade policy literature is that we should expect export-oriented industries to attract more assistance than import-competing industries. In reality, however, trade policy is heavily biased toward supporting import industries. This paper shows within...

Although temporary trade barriers are perceived as a feasible policy instrument for securing domestic jobs in the presence of increased globalization and economic downturns, no study has assessed whether such temporary barriers have actually saved domestic jobs. To overcome this deficiency, we...

We propose two perspectives on U.S. manufacturing job losses to countries in Asia in 1990-2011: production cost arbitrage and the management of supply-demand mismatch. In our model, a firm facing demand uncertainty decides between investing in domestic or overseas production capacity. The model...

The start of the USA – China trade dispute was given on July 6, 2018 – when the United States introduced an additional 25% ad valorem duty on $34 billion of Chinese imports. The official reasons, mentioned in a Statement by the President, were to prevent the unfair transfers of U.S....