Showing 1 - 10 of 131
Abstract We model imperfect contract enforcement when the victims of default resort to spot trading because the act of repudiation reveals a favorable outside option. We show that enforcement imperfection is essentially distinct from the contract incompleteness analyzed in the previous...
Persistent link: https://www.econbiz.de/10014586826
Abstract In this paper, we analyze the trade war between two large countries when the trade policy is decided through … majority voting. We show how the distributive aspect of trade policy interacts with the strategic aspect. It is shown that the … of the trade war at home (abroad) is larger (lower) than the Johnson-Mayer one. This is to say that the strategic effects …
Persistent link: https://www.econbiz.de/10014586839
This paper examines the composition of bilateral manufacturing trade in terms of its pollution intensity. A growing … share of world trade takes place between nations who are members of the same regional trade agreement (RTA). We analyze how … the formation of RTAs affects the composition of trade. We focus on whether richer or poorer nations specialize in …
Persistent link: https://www.econbiz.de/10014587442
Abstract The current paper addresses the relationship between trade and endogenous pollution levels, with a focus … different from the previous literature. The mechanism linking pollution and trade here is that trade policy provides the home …. In that sense, the existence of trade helps reduce domestic pollution compared to what would prevail in a situation of …
Persistent link: https://www.econbiz.de/10014587446
on exogenous country characteristics to predictions on trade flows and pollution levels. I then discuss recent …
Persistent link: https://www.econbiz.de/10014587448
We model imperfect contract enforcement when the victims of default resort to spot trading because the act of repudiation reveals a favorable outside option. We show that enforcement imperfection is essentially distinct from the contract incompleteness analyzed in the previous literature....
Persistent link: https://www.econbiz.de/10014587555
advantage in environment-intensive industries. International trade, in this setting, is not necessarily welfare improving. When … corruption responds endogenously to the over-exploitation of resources, it is possible for international trade to generate forces … that improve resource management by reducing corruption. Therefore, in this case trade could provide gains in addition to …
Persistent link: https://www.econbiz.de/10014587577
maintain viability of the domestic industry, the U.S. government has negotiated a variety of trade agreements extending … included in the agreement granting China, the world's largest producer of textiles and apparel, admission to the World Trade … current state of the domestic textile and apparel industry and provides an overview of trade agreements enacted during the …
Persistent link: https://www.econbiz.de/10014593066
This paper evaluates the impact of China's WTO entry and the establishment of a free-trade agreement between China and … ASEAN on the ASEAN-5 (Indonesia, Malaysia, Philippines, Singapore and Thailand). We examine the trade competition between …-tariff model, based on two-digit SITC data. It is found that for the period 1987 to 2000 the competition in trade only occurred …
Persistent link: https://www.econbiz.de/10014593068
This paper explores the role of imports as a mechanism of transmission of international technology spillovers and its significance for the growth of the OECD countries. For this purpose we estimate a version of the growth model proposed by Benhabib and Spiegel (1994), which includes two main...
Persistent link: https://www.econbiz.de/10014593086