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In this paper we develop a three-country monopolistic competition model with variable elasticity of substitution and vertical linkages to study the impact of trade liberalization on trade creation, trade diversion and labor market outcomes. This framework allows us to identify a source of gain...
Persistent link: https://www.econbiz.de/10010827777
poverty. PTAs are increasingly used as engines of change in many developing countries, to promote, implement, and lock in … PTAs may promote development, they necessarily discriminate against nonmembers and can therefore lead to trade diversion in … a way that hurts both member countries and excluded countries. Also, the proliferation of bilateral and regional PTAs …
Persistent link: https://www.econbiz.de/10011067658
The proliferation of services trade agreements and improved availability of data on bilateral services trade flows has resulted in a growing literature on the theoretical and empirical assessment of services trade effects. In this paper, we revisit the trade effects of services agreements using...
Persistent link: https://www.econbiz.de/10011112164
show that there exists a polynomial time approximation scheme (PTAS) for minimizing Lipschitz continuous functions and … Parrilo [A PTAS for the minimization of polynomials of fixed degree over the simplex, Theoretical Computer Science, to appear.] …
Persistent link: https://www.econbiz.de/10011091363
Preferential trade agreements have been criticised for not increasing economic welfare relative to the status quo. In this article, we suggest that even if this is the case, they offer a reasonable form of insurance against possible adverse trade or investment policies in the future. In...
Persistent link: https://www.econbiz.de/10010697279
Persistent link: https://www.econbiz.de/10015055273
Neo-liberal globalisation has primarily entailed the liberalisation of trade and capital flows, but largely ignored the issue of labour mobility. Most literature on the political economy of globalisation likewise ignores global labour mobility. This paper first asks how globalisation affects...
Persistent link: https://www.econbiz.de/10010295497
This paper addresses the interplay between unilateralism and multilateralism. I first describe theirrespective stylized … contemporary unilateralism. The relationships between multilateralism and unilateralismare subtle: Unilateralism has the properties …
Persistent link: https://www.econbiz.de/10010324823
other cities, not only bilaterally but also multilaterally. There are clear symptoms of the crisis of multilateralism that …
Persistent link: https://www.econbiz.de/10014616389
This paper reviews the most significant recent developments in the theory of trade agreements. The paper offers an integrated approach to evaluating trade agreements, and uses the approach to present results on preferential and multilateral trade agreements. The paper identifies also several...
Persistent link: https://www.econbiz.de/10010276378