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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
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/10013023010
We review a recent body of theoretical work that aims to put numbers on the consequences of globalization. A unifying theme of our survey is methodological. We rely on gravity models and demonstrate how they can be used for counterfactual analysis. We highlight how various economic...
Persistent link: https://www.econbiz.de/10014025382
Recent quantitative trade models treat import tariffs as pure cost shifters so that their effects are similar to iceberg trade costs. We introduce revenue-generating import tariffs, which act as demand shifters, into the framework of Arkolakis, Costinot and Rodriguez-Clare (2012), and generalize...
Persistent link: https://www.econbiz.de/10009727728
We derive a simple equation for the welfare gains from trade when tariffs are liberalized or iceberg trade costs fall. Covering various one-sector trade models that may or may not feature extensive margins and imperfect competition, we generalize the analysis of Arkolakis, Costinot and...
Persistent link: https://www.econbiz.de/10010344632
Persistent link: https://www.econbiz.de/10011719938
The paper examines the welfare consequences of an inflow of foreign capital and an emigration of skilled labour in a small open economy in terms of a four sector general equilibrium model in the presence of endogenous skill formation and imperfection in the market for unskilled labour. It finds...
Persistent link: https://www.econbiz.de/10012723466
This paper investigates both aggregate and distributional impacts of the trade integration of China, India, and Central and Eastern Europe in a quantitative multi-country multi-sector model, comparing outcomes with and without factor market frictions. Under perfect within-country factor...
Persistent link: https://www.econbiz.de/10009789158