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Will the current wave of regional integration arrangements lead to the world being divided into competing inward-looking trading blocs? Or will it lead to a more open multilateral trading system? Using a multicountry political economy model, and after having shown that global free trade is...
Persistent link: https://www.econbiz.de/10014189577
This model shows that a microstate's decision to form, expand, or join a regional organization is based on reduced negotiating costs and increased bargaining power, rather than on the traditional costs and benefits of trade integration. Forming a regional grouping with neighboring nations may be...
Persistent link: https://www.econbiz.de/10014206672
This article discusses whether the current proliferation of preferential trade agreements - the so-called competitive liberalization - encourages evolution toward multilateral free trade. It argues that countries pursuing preferential trade initiatives are in pursuit of the economic rents...
Persistent link: https://www.econbiz.de/10014085327
This paper introduces a set of new estimates of NTM price gaps in a standard simulation model and studies the economic effects of their removal. The economic impact of removing the NTMs on footwear, wearing apparel, and processed foods are estimated and discussed using three different techniques...
Persistent link: https://www.econbiz.de/10005798505
Using a comparative-static general equilibrium model and in the context of the western hemisphere, this paper compares the economic effects of a "hub-and-spokes (HAS)" type of bilateral trade configuration (with Chile being the hub) with those of a more comprehensive regional FTA (namely, the...
Persistent link: https://www.econbiz.de/10005798506
Forming a regional grouping with neighboring nations may be one way for microstates to overcome a major problem: Because of their weak bargaining power and high fixed costs of negotiation, microstates are at a severe disadvantage in dealing with the rest of the world. They don't have the human...
Persistent link: https://www.econbiz.de/10005133967
In most of the current debate on regionalism versus multilateralism, the countries excluded from a Preferential Trading Agreement (PTA) are assumed to be passive players with exogenously fixed trade policies. In reality however, non-members do react to the creation of a trading bloc and relaxing...
Persistent link: https://www.econbiz.de/10005181983
Data representing transshipment or re-exports are almost always excluded from analytical portrayals of international trade, yet transshipment is potentially an important phenomenon in understanding a number of economic questions, and is increasing in importance. Rapid technological change in...
Persistent link: https://www.econbiz.de/10005459651
Persistent link: https://www.econbiz.de/10005615674
A primer on policies for jobs is based on materials and input provided during the labor market courses conducted during the past 10 years. Its objective is to provide government policy makers, researchers, and labor market practitioners and other specialists with a practical guide on how to...
Persistent link: https://www.econbiz.de/10010628743