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From a macroeconomic perspective, the historical evolution of trade and commerce has been closely entangled in a two-way or paradoxical relationship with the evolution of laws, in which one is inextricably linked to the other and both mutually influence each other. At the microeconomic level,...
Persistent link: https://www.econbiz.de/10013025519
The worldwide trend towards privatisation, liberalisation and globalisation has produced substantial economic benefits. Nevertheless, liberalisation has had its shortcomings and there are potential threats to further progress, including in particular an anti-liberalisation backlash. Continuing...
Persistent link: https://www.econbiz.de/10014026087
While the renegotiation of the North American Free Trade Agreement has received far more attention, a lesser-known U.S. trade deal has also been reworked. In April of 2017, President Trump proclaimed his displeasure with the Korea-U.S. Free Trade Agreement (commonly referred to as “KORUS”),...
Persistent link: https://www.econbiz.de/10014102809
This paper tries to assess quantitatively the role of electronic commerce in economic activity and in trade and tariff revenue collection. The share of value added that potentially lends itself to electronic trade represents around 30 percent of GDP, most importantly distribution, finance and...
Persistent link: https://www.econbiz.de/10010211080
We examine the impact of the last five decades of financial globalization on world GDP and income distribution, using a … pattern Unbalanced Financial Globalization. We then simulate a counterfactual trajectory of the world economy where the RKO … wedges are fixed at their pre-globalization levels. We find that unbalanced financial globalization led to a worsening of …
Persistent link: https://www.econbiz.de/10014340224
. There are some indications of globalization in retreat, international trade growth slowing down and a transition from … various trends around global economic integration and pushing towards de-globalization is extremely difficult. This paper aims …
Persistent link: https://www.econbiz.de/10014496726
in which traders operate.Binding tariffs at the WTO reduces the scope for their discretionary use. But, countries have … bound tariffs at ceiling levels often substantially above the level of applied tariffs. Therefore, whether the ceiling rate …. Using a recently built database on applied tariffs covering over 100 countries for the period 1996 to 2009, we find evidence …
Persistent link: https://www.econbiz.de/10009305703
In this paper we combine the tariff evasion analysis of Fisman and Wei (2004) with Rauch and Trindade's (2002) study of Chinese trade networks. Chinese networks are known to act as trade catalysts by enforcing contracts and providing market information. As tariff evasion occurs outside the law,...
Persistent link: https://www.econbiz.de/10008759300
model of varying cooperative tariffs by Bagwell and Staiger (1990) to specify our empirical model for the probability of a … WTO bound tariffs that we built for all WTO Members from 1996 to 2011 at the HS 6-digit level of disaggregation. Our …
Persistent link: https://www.econbiz.de/10010462834
model of varying cooperative tariffs by Bagwell and Staiger (1990) to specify our empirical model for the probability of a … WTO bound tariffs that we built for all WTO Members from 1996 to 2011 at the HS 6-digit level of disaggregation. Our …
Persistent link: https://www.econbiz.de/10010462864