a column by Gene Grossman, Phillip McCalman and Robert Staiger for VOX: CEPR’s Policy Portal
While tariffs have significantly been reduced in the last decades, other barriers to trade, such as differing regulations across countries, continue to pose obstacles.
This column presents a new framework to analyse how different forms of trade agreements can address these non-tariff barriers. For various economic environments, it discusses whether and how these treaties can achieve global efficiency.
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Showing posts with label trade_agreements. Show all posts
Showing posts with label trade_agreements. Show all posts
Thursday, 26 September 2019
Tuesday, 26 June 2018
What imperial preference can teach us about post-Brexit trade deals
a column by Brian Varian for VOX: CEPR’s Policy Portal
Brexit has sparked interest in trade agreements between Britain and the Commonwealth. This has a precedent in the Edwardian era, when the Dominions adopted policies of imperial preference toward imports from Britain. This column argues that New Zealand’s policy of imperial preference, enacted in 1903, was ineffective in diverting trade toward Britain, suggesting that trade policies within the British Empire or Commonwealth do not always achieve what they intend.
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Brexit has sparked interest in trade agreements between Britain and the Commonwealth. This has a precedent in the Edwardian era, when the Dominions adopted policies of imperial preference toward imports from Britain. This column argues that New Zealand’s policy of imperial preference, enacted in 1903, was ineffective in diverting trade toward Britain, suggesting that trade policies within the British Empire or Commonwealth do not always achieve what they intend.
Continue reading
Saturday, 5 May 2018
The natural geography of regional trade agreements and why it is changing over time
a column by Lionel Fontagné and Gianluca Santoni for VOX: CEPR’s Policy Portal
Country-pairs self-select in regional trade agreements, and this endogeneity biases the estimation of the impact of such agreements within a gravity framework. This column uses a framework for predicting which countries should engage in RTAs based solely on economic determinants, including global value chains, and compares this ‘natural’ geography of agreements with the actual geography. The results suggest that the endogenous geography of RTAs is shaped by the development of GVCs.
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Country-pairs self-select in regional trade agreements, and this endogeneity biases the estimation of the impact of such agreements within a gravity framework. This column uses a framework for predicting which countries should engage in RTAs based solely on economic determinants, including global value chains, and compares this ‘natural’ geography of agreements with the actual geography. The results suggest that the endogenous geography of RTAs is shaped by the development of GVCs.
Continue reading
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