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This study uses a new, innovative measure of trade protection and finds that less trade protection is associated with higher income per capita, using data from 131 developed and developing countries.
Persistent link: https://www.econbiz.de/10010313307
This study uses a new, innovative measure of trade protection and finds that less trade protection is associated with higher income per capita, using data from 131 developed and developing countries.
Persistent link: https://www.econbiz.de/10005023694
To study the effects of tariffs on GDP one needs import demand elasticities at the tariff line level that are consistent with GDP maximization. These do not exist. We modify Kohli’s (1991) GDP function approach to estimate demand elasticities for 4625 imported goods in 117 countries. Following...
Persistent link: https://www.econbiz.de/10005136497
Recently the Bank has provided new indicators for monitoring the extent to which agricultural policies restrict international trade in farm goods. They come from two studies with differing methodologies and data sources, and each provides less-than-perfect estimates. This note shows how and...
Persistent link: https://www.econbiz.de/10008837668
Neither simple average nor import-weighted average tariff indexes are ideal measures of tariff barriers. In this paper, we propose a generalized trade restrictiveness index (GTRI) that extends Feenstra’s (1995) tariff restrictiveness index (TRI) by relaxing the crucial assumption of a small...
Persistent link: https://www.econbiz.de/10011077637
This paper uses computational techniques to assess whether or not various propositions that have been advanced as plausible in the literature on regional trade agreements may actually hold. The idea is to make probabilistic statements as to whether propositions of interest might hold, rather...
Persistent link: https://www.econbiz.de/10010292001
There has been great focus in the recent trade theory literature on the introduction of firm heterogeneity into trade models. However, these models tend to rely heavily on symmetry assumptions and assume melting iceberg transport costs as the only form of trade restrictions. Moreover, a standard...
Persistent link: https://www.econbiz.de/10010292823
The key result of the so-called New Trade Theory is that countries gain from falling trade costs by an increase in the number of varieties available to consumers. Though the number of varieties in a given country rises, it is also true that global variety decreases from increased competition...
Persistent link: https://www.econbiz.de/10010292824
There has been great focus in the recent trade theory literature on the introduction of firm heterogeneity into trade models. This introduction has highlighted the importance of the entry/exit decision of firms in response to changes in trade barriers. However, it is typical in many of these...
Persistent link: https://www.econbiz.de/10010292856
Recent theoretical work suggests that the presence of foreign direct investment (FDI) lowers a country's noncooperative Nash tariff. To test this hypothesis, we first adapt the theoretical model formulated by Blanchard (2010) to derive an intuitive, empirically testable equation. This equation...
Persistent link: https://www.econbiz.de/10010293691