The theoretical debate over whether countries can and should set tariffs in response to the foreign export elasticities they face goes back to Edgeworth (1894). Despite the centrality of the optimal tariff argument in trade policy, there exists no evidence about whether countries actually...

Angesichts der Bedeutung ausländischer Direktinvestitionen in den globalen Wirtschaftsbeziehungen ist ein multilaterales Investitionsabkommen (MAI) zwingend notwendig. Dieses sollte die Liberalisierung der Etablierung und des operativen Geschäfts ausländischer Investoren induzieren wie auch...

The paper enquires into the e¤ects of China’s entry into the WTO on its economic growth. We find that even in the short run (2001-2005), economic performance can be improved due to obtaining higher survival probability of economic growth rate and better protection of consumer welfare.

Aspiring to become a member of the World Trade Organization (WTO) the Vietnamesegovernment is confronted with tremendous political, economic and institutionalchallenges. Issues to be addressed are not only technical questions such as the tariffregime, industrial and agricultural subsidies,...

With the conclusion of the Uruguay Round and the establishment of the World trade Organisation (WTO) in April 1994, a comprehensive set of rules emerged that affect in a pervasive manner the activities of firms on foreign markets.(...)

The paper enquires into the short run effect (2001-2005) of China’s entry into the WTO on its economic growth. We conclude there is no economic hazard with a …nding that China’s economy would enjoy a higher survival probability of economic growth rate and better protection of consumer...

Bis vor wenigen Jahren wurde die chinesische Automobilindustrie in internationalen Industriekreisen kaum wahrgenommen. Sie war klein, von preiswerten einheimischen Nutzfahrzeugen geprägt, rückständig und vom Rest der Welt isoliert. Heute wird China in zahlreichen Zeitungsartikeln als "Motor...

In the early 1990s, the United States began to run a significant trade deficit with China due to the dual forces of greater trade liberalization and China’s transition from a command economy towards a market economy. Proponents of free trade with China argue that greater integration will lead...

The SPS Agreement and the related WTO dispute settlement mechanism are an important first step in strengthening the global trade architecture, bringing in greater transparency and orderly conditions to world food trade. However, implementation of the new trade rules has turned out to be a more...

Some recent empirical studies examine the impact of the GATT/WTO on trade. This paper investigates the sample selection bias and the gravity model specification issues in the literature. First, the GATT/WTO not only makes existing trading partners trade more at the intensive margin, but also...