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We examine in detail the circumstances under which reciprocity, as defined in Bagwell and Staiger (1999), leads to … fixed world prices. We show that a change of tariffs satisfying reciprocity does not necessarily imply constant world prices … reciprocity and constant world prices, these reforms do not follow from the reciprocity condition, but rather from the requirement …
Persistent link: https://www.econbiz.de/10010278903
We examine in detail the circumstances under which reciprocity, as defined in Bagwell and Staiger (1999), leads to … fixed world prices. We show that a change of tariffs satisfying reciprocity does not necessarily imply constant world prices … reciprocity and constant world prices, these reforms do not follow from the reciprocity condition, but rather from the requirement …
Persistent link: https://www.econbiz.de/10009324094
During the past half century, multilateral trade liberalization has reduced tariffs to historically low levels. The Received Theory of multilateral trade agreements, based solely on terms-of-trade externalities between national governments, offers an explanation that has become the conventional...
Persistent link: https://www.econbiz.de/10005126725
non-services areas as well? In this paper we investigate the presence of reciprocity in bilateral services agreements, by … concessions given and received by 36 WTO Members in 40 services PTAs. Results reveal the presence of reciprocity at the product … goods trade). Reciprocity is stronger in agreements between developed countries. The findings provide insights into …
Persistent link: https://www.econbiz.de/10010326799
? Second, the EU being a large trading partner in such agreements, does reciprocity matter for giving meaningful preferential … level. Second, reciprocity plays only a limited role in granting better preferential access. Third, GSP preferences matters …
Persistent link: https://www.econbiz.de/10010316748
, reciprocity plays only a limited role in granting better preferential access. Third, irrespective of development level of the …
Persistent link: https://www.econbiz.de/10010316817
Preferential trade agreements (PTAs) are characterized by liberalization with respect to only a few partners and thus they can potentially clash with, and retard multilateral trade liberalization (MTL). Yet there is almost no systematic evidence on whether the numerous existing PTAs actually...
Persistent link: https://www.econbiz.de/10005800465
provide evidence of reciprocity in multilateral tariff reductions that amplify the stumbling block effect. …
Persistent link: https://www.econbiz.de/10005504231
, reciprocity plays only a limited role in granting better preferential access. Third, irrespective of development level of the …
Persistent link: https://www.econbiz.de/10008682916
EU being a large trading partner in such agreements, does reciprocity matter for giving meaningful preferential access …, reciprocity plays only a limited role in granting better preferential access. Third, GSP preferences matters when the EU …
Persistent link: https://www.econbiz.de/10008682936