Empirical Studies of Commercial Policy

The need for careful research on trade policy is particularly acute, and this volume empirically addresses these and many other important issues.

Empirical Studies of Commercial Policy

The need for careful research on trade policy is particularly acute, and this volume empirically addresses these and many other important issues. The contributors offer studies which integrate the institutional details of current trade policy with creative economic analyses. Marked by a shift from a traditional reliance on simulation models, these papers take their inspiration from recent changes in the assumptions traditionally underlying research in international trade theory. No longer are government policies viewed as being somehow "given" to the researcher; in part 1, "Analyses with a Political Economy Perspective," four papers treat such policies as endogenous and explicable in terms of political economy. Neither are product and factor markets seen as perfectly competitive; instead, the three papers in part 2, "Trade Policy Effects under Imperfectly Competitive Market Conditions," assume that firms consider the actions of other companies when formulating their decisions. In part 3, "A New Measure of Trade Restrictiveness and Estimates of Trade Policy Effects with CGE Models," the first essay explores the quantitative restrictions on cheese to develop and implement a new model of restrictive trade. Two final contributions address problems for which simulation modeling is especially useful. The first considers the effectiveness of an import surcharge in reducing the U.S. trade deficit and the second treats the welfare effects of liberalization in South Korea where increasing returns to scale are significant These innovative studies focus on economic behavior that will provide valuable insights for policymakers, academic economists, and students.

More Books:

Empirical Studies of Commercial Policy
Language: en
Pages: 332
Authors: Robert E. Baldwin
Categories: Business & Economics
Type: BOOK - Published: 2007-12-01 - Publisher: University of Chicago Press

The need for careful research on trade policy is particularly acute, and this volume empirically addresses these and many other important issues. The contributors offer studies which integrate the institutional details of current trade policy with creative economic analyses. Marked by a shift from a traditional reliance on simulation models,
Empirical Studies of Strategic Trade Policy
Language: en
Pages: 251
Authors: Paul Krugman, Alasdair Smith
Categories: Business & Economics
Type: BOOK - Published: 2007-12-01 - Publisher: University of Chicago Press

Since the 1980s, economists have used the concept of strategic trade policy, which takes account of imperfect competition and increasing returns in the international marketplace, to criticize conventional views about free trade. According to the new view, a government can take strategic steps to raise its income at another country's
Handbook of Commercial Policy
Language: en
Pages: 600
Authors: Kyle Bagwell, Robert W. Staiger
Categories: Political Science
Type: BOOK - Published: 2016-12-15 - Publisher: North-Holland

"Handbook of Commercial Policy" explores three main topics that permeate the study of commercial policy. The first section presents a broad set of basic empirical facts regarding the pattern and evolution of commercial policy, with the second section investigating the crosscutting legal issues relating to the purpose and design of
The Economics of Regional Trading Arrangements
Language: en
Pages: 456
Authors: Richard Pomfret
Categories: Business & Economics
Type: BOOK - Published: 1997-10-16 - Publisher: OUP Oxford

The Economics of Regional Trading Arrangements provides a unified analysis of policies which discriminate among trading partners. With the European Union's 1992 programme, the formation of NAFTA, and attempts to form or strengthen regional trading arrangements in South America, southern Africa, and Southeast Asia regionalism became a major issue in
The Oxford Handbook of International Commercial Policy
Language: en
Pages:
Authors: Mordechai E. Kreinin, Michael G. Plummer
Categories: Business & Economics
Type: BOOK - Published: 2011-10-15 - Publisher: Oxford University Press

As we enter the 2010s, the global economy is becoming increasingly integrated. International trade has been growing rapidly, an ostensibly irresistible trend that was only temporarily disrupted by the 2008-09 global recession. Globalization has become associated with a country's economic success while failure to open up markets is often viewed