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A "new trade" theory of GATT/WTO negotiations


Ossa, Ralph (2011). A "new trade" theory of GATT/WTO negotiations. Journal of Political Economy, 119(1):122-152.

Abstract

I suggest a novel theory of GATT/WTO negotiations based on Krugman's "new trade" model. It emphasizes international production relocations and is easy to calibrate to bilateral trade data. Focusing on the major players in recent GATT/WTO negotiations, I find that it implies reasonable noncooperative tariffs as well as moderate gains from GATT/WTO negotiations.

Abstract

I suggest a novel theory of GATT/WTO negotiations based on Krugman's "new trade" model. It emphasizes international production relocations and is easy to calibrate to bilateral trade data. Focusing on the major players in recent GATT/WTO negotiations, I find that it implies reasonable noncooperative tariffs as well as moderate gains from GATT/WTO negotiations.

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45 citations in Web of Science®
56 citations in Scopus®
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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Uncontrolled Keywords:International trade, research, industrial productivity, tariff, negotiation, economic aspects
Language:English
Date:February 2011
Deposited On:01 Mar 2017 15:53
Last Modified:21 Dec 2017 13:37
Publisher:University of Chicago Press
ISSN:0022-3808
Free access at:Publisher DOI. An embargo period may apply.
Publisher DOI:https://doi.org/10.1086/659371
Official URL:http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=59868561&site=ehost-live

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