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Trade and Investment Partnership (TTIP) between the United States and the European Union. Our key innovation is to develop a …
Persistent link: https://www.econbiz.de/10010516481
(TTIP) between the United States and the European Union. We use a new quantitative spatial trade model with consumptive and … with ambitious liberalization, real income gains within a TTIP are in the range of up to 0.46% for most countries. The … welfare gains as under a TTIP, a multilateral liberalization would have to be much more ambitious for the US than for the EU. …
Persistent link: https://www.econbiz.de/10011580527
Trade and Investment Partnership (TTIP) between the United States and the European Union. Our key innovation is to develop a …
Persistent link: https://www.econbiz.de/10011483161
We review theoretical and empirical work on the economic effects of the United States and China trade relations during the last decades. We first discuss the origins of the China shock, its measurement, and present methods used to study its economic effects on different outcomes. We then focus...
Persistent link: https://www.econbiz.de/10013361989
This paper quantifies the effect of the government-controlled appreciation of the Chinese renminbi (RMB) vis-à-vis the USD from 2005 to 2008 on the prices charged by US producers. As the RMB during that time was pegged to a basket of currencies, the empirical strategy must account for the fact...
Persistent link: https://www.econbiz.de/10009511759
Import competition from China is pervasive in the sense that for many good categories, the competitive environment that US firms face in these markets is strongly driven by the prices of Chinese imports, and so is their pricing decision. This paper quantifies the effect of the...
Persistent link: https://www.econbiz.de/10010493916
This paper quantifies the effect of the government-controlled appreciation of the Chinese renminbi (RMB) vis-à-vis the USD from 2005 to 2008 on the prices charged by US producers. As the RMB during that time was pegged to a basket of currencies, the empirical strategy must account for the fact...
Persistent link: https://www.econbiz.de/10009537240
Constitutional scholars, lawyers, and policy analysts have long raised concerns about executive branch overreach on trade policy. The issue exploded into prominence in 2018 when President Trump authorized tariffs on imported steel and aluminum, which his Department of Commerce had identified as...
Persistent link: https://www.econbiz.de/10012827399
Based on the conceptual results of Findlay, Grubert (1959) and Krugman (2000) we analyze the movement of the relative price of skill-intensive goods under skill-biased technological change and the countervailing effect of increasing world-wide supply of low-skilled-labor. While the labor supply...
Persistent link: https://www.econbiz.de/10003471041
In this paper, first we introduce a dual definition of the Factor Content of Trade (FCT) using the concept of the equivalent autarky equilibrium. A FCT vector is calculated by estimating a symmetric normalized quadratic revenue function for the US manufacturing sector for the period 1965 to...
Persistent link: https://www.econbiz.de/10014212509