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Many studies use tariffs to measure changes in trade policy. This paper shows that standard sources for tariffs suffer from substantial measurement error due to misreporting and the resulting false imputation: Countries fail to report tariffs every year and missing data are more prevalent for...
Persistent link: https://www.econbiz.de/10014492124
We analyze general equilibrium relationships between trade policy and the household distribution of income, decomposing social welfare into real income level and variance components through Gini and Atkinson indexes. We embed these inequality-adjusted social welfare functions in a general...
Persistent link: https://www.econbiz.de/10011337398
We use a dynamic trade model with two sectors and two types of workers to analyze the optimal setting of income-generating tariffs. This approach allows us to take account of adjustment dynamics, distributional aspects and the time horizon of policy makers and workers. In response to a...
Persistent link: https://www.econbiz.de/10011654196
country and the (developed) rest of the world. Despite labour being the only factor of production in this model, tariffs (in …
Persistent link: https://www.econbiz.de/10002834296
According to the Uruguay Round Agreement on Agriculture (URAA), all agricultural non-tariff trade barriers should be converted into equivalent tariffs and further, reduced over time. However each member country has the authority to choose the tariff types when it converts NTBs to tariffs such as...
Persistent link: https://www.econbiz.de/10012942570
Persistent link: https://www.econbiz.de/10014142154
This paper empirically investigates the impact of tariffs when production is organized in global value chains. Using global input-output matrices, we construct four different tariff measures that capture the direct and indirect exposure to tariffs at different stages of the production chain for...
Persistent link: https://www.econbiz.de/10013295005
represented 83% of the world's population and 91% of the world's GDP in 2013. We address five questions: Do some countries have …, how liberalized is world trade? Our analysis documents the extent of cross-sectional heterogeneity in applied commercial … policy barriers remain as an important feature of the world economy. …
Persistent link: https://www.econbiz.de/10014023444
We explore the relationship between import protection and the household distribution of income. We first develop a general-equilibrium mapping from tariffs to household inequality measures. This also yields predictions for linkages between tariffs, development level, and observed household...
Persistent link: https://www.econbiz.de/10011335217
What are the distributional consequences of tariffs? We build a trade model with incomplete asset markets and households that are heterogeneous in their income, wealth, and labor skill. We increase US tariffs by 5 percentage points and examine several budget-neutral fiscal policies for...
Persistent link: https://www.econbiz.de/10012828866