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How does import protection affect export performance? In trade models with scale economies, import liberalization can … export growth following the permanent normalization of trade relations with China (PNTR). But there was also an offsetting … declined in the most exposed industries because of the export destruction effect. On aggregate, the US and China both gain from …
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We investigate the interplay, in international trade, between comparative advantage and increasing returns to scale that are external to the firm. We focus especially on "advantage reversals," where the country with a comparative-cost disadvantage in producing a good nevertheless is able to...
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offset the losses from the US-China trade war for the world, but not for the United States. In fact, these agreements will …
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Trade and investment can be effective means of implementation of the 2030 Sustainable Development Agenda. However, stand-alone trade and investment liberalization policies aimed at enhancing economic development may have negative side-effects on non-economic facets of sustainable development. As...
Persistent link: https://www.econbiz.de/10011773529
We review theoretical and empirical work on the economic effects of the United States and China trade relations during … the last decades. We first discuss the origins of the China shock, its measurement, and present methods used to study its … economic effects on different outcomes. We then focus on the recent U.S.-China trade war. We discuss methods used to evaluate …
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This paper explores the role of country asymmetries for trade and industrial policies with heterogeneous firms. Our analysis delivers a number of novel results. First, trade policies, infrastructure policies and industrial policies which improve the business conditions in one country have...
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