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1
Online Resource
Online Resource
Handbook of commercial policy; volume 1A (2016)
Amsterdam : Elsevier, North Holland
Details
UID:
gbv_1565197631
Format: 1 Online-Ressource
ISBN: 9780444633767 , 0444633766
Series Statement: Handbooks in economics
Content: Part I. Commercial policy : empirical facts, determinants and effects. The empirical landscape of trade policy / C.P. Brown, M.A. Crowley -- The political economy of commercial policy / J. McLaren -- The effects of trade policy / P.K. Goldberg, N. Pavcnik -- Quantitative models of commercial policy / R. Ossa -- part II. Trade agreements : legal background, purpose and design. Legal aspects of commercial policy rules / A.O. Sykes -- Dispute settlement in the WTO : mind over matter / P.C. Mavroidis -- The purpose of trade agreements / G.M Grossman -- The design of trade agreements / K. Bagwell, R.W. Staiger.
Content: 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 agreements. Finally, the third section covers key issues of commercial policy in the modern global economy. Every chapter in the book provides coverage from the perspectives of multilateral, and where appropriate, preferential trade agreements. While most other volumes are policy-oriented, this comprehensive guide explores the ways that intellectual thinking and rigor organize research, further making frontier-level synthesis and current theoretical and empirical research accessible to all
In: volume 1A
Additional Edition: ISBN 9780444632807
Additional Edition: Erscheint auch als Druck-Ausgabe Handbook of commercial policy ; Volume 1A Amsterdam : Elsevier, N-H, 2016 ISBN 0444632808
Additional Edition: ISBN 0444639217
Additional Edition: ISBN 9780444632807
Additional Edition: ISBN 9780444639219
Language: English
Subjects: Economics
RVK:
QM 230
URL: Volltext  (Deutschlandweit zugänglich)
URL: Volltext
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Associated Volumes
  • 2
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    Chapter 1. The Empirical Landscape of Trade Policy (2016)
    Details
    UID:
    gbv_1831631474
    ISBN: 9780444633767
    Content: This chapter surveys empirically the broad features of trade policy in goods for 31 major economies that collectively represented 83% of the world's population and 91% of the world's GDP in 2013. We address five questions: Do some countries have more liberal trading regimes than others? Within countries, which industries receive the most import protection? How do trade policies change over time? Do countries discriminate among their trading partners when setting trade policy? Finally, how liberalized is world trade? Our analysis documents the extent of cross-sectional heterogeneity in applied commercial policy across countries, their economic sectors, and their trading partners, over time. We conclude that substantial trade policy barriers remain as an important feature of the world economy.
    In: Handbook of commercial policy ; volume 1A, Amsterdam : Elsevier, North Holland, 2016, (2016), Seite 3-108, 9780444633767
    In: 0444633766
    In: year:2016
    In: pages:3-108
    Language: English
    DOI: 10.1016/bs.hescop.2016.04.015
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 3
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    Chapter 2. The Political Economy of Commercial Policy (2016)
    Details
    UID:
    gbv_183163161X
    ISBN: 9780444633767
    Content: This chapter surveys research on the demand for protectionism as well as theoretical and empirical work on the (i) electoral mechanisms, the (ii) lobbying institutions, and the (iii) legislative bargaining that affect its supply. A recent trend is mutual feedbacks between commercial policy on the one hand and economic conditions and political institutions on the other. Areas ripe for more exploration include informational lobbying, the role of the media, firm-level analysis of lobbying and more realistic approaches to labor markets.
    In: Handbook of commercial policy ; volume 1A, Amsterdam : Elsevier, North Holland, 2016, (2016), Seite 109-159, 9780444633767
    In: 0444633766
    In: year:2016
    In: pages:109-159
    Language: English
    DOI: 10.1016/bs.hescop.2016.04.001
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  • 4
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    Chapter 3. The Effects of Trade Policy (2016)
    Details
    UID:
    gbv_1831631601
    ISBN: 9780444633767
    Content: The last two decades have witnessed a shift in the focus of international trade research from trade policy to other forms of trade frictions (eg, transportation, information and communication costs). Implicit in this development is the widespread view that trade policy no longer matters. We confront this view by critically examining a large body of evidence on the effects of trade policy on economically important outcomes. We focus on actual as opposed to hypothetical policy changes. We begin with a discussion of the methodological challenges one faces in the measurement of trade policy and identification of its causal effects. We then discuss the evidence on the effects of trade policy on a series of outcomes that include: (1) aggregate outcomes, such as trade volumes (and their price and quantity subcomponents), the extensive margin of trade, and static, aggregate gains from trade; (2) firm and industry performance, ie, productivity, costs, and markups; (3) labor markets, ie, wages, employment, and wage inequality; (4) long-run aggregate growth and poverty, secondary distortions, and misallocation, uncertainty. We conclude that the perception that trade policy is no longer relevant arises to a large extent from the inability to precisely measure the various forms of nontariff barriers that have replaced tariffs as the primary tools of trade policy. Better measurement is thus an essential prerequisite of policy-relevant research in the future. Despite measurement challenges and scant evidence on the impact of actual policy changes, existing evidence when properly interpreted points to large effects of trade policy on economically relevant outcomes, especially when trade policy interacts with other developments, eg, technological change. We point to areas and opportunities for further research and draw lessons from the past to apply to future studies.
    In: Handbook of commercial policy ; volume 1A, Amsterdam : Elsevier, North Holland, 2016, (2016), Seite 161-206, 9780444633767
    In: 0444633766
    In: year:2016
    In: pages:161-206
    Language: English
    DOI: 10.1016/bs.hescop.2016.04.002
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 5
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    Chapter 4. Quantitative Models of Commercial Policy (2016)
    Details
    UID:
    gbv_1831631598
    ISBN: 9780444633767
    Content: What tariffs would countries impose if they did not have to fear any retaliation? What would occur if there was a complete breakdown of trade policy cooperation? What would be the outcome if countries engaged in fully efficient trade negotiations? And what would happen to trade policy cooperation if the world trading system had a different institutional design? While such questions feature prominently in the theoretical trade policy literature, they have proven difficult to address empirically, because they refer to what-if scenarios for which direct empirical counterparts are hard to find. In this chapter, I introduce research which suggests overcoming this difficulty by applying quantitative models of commercial policy.
    In: Handbook of commercial policy ; volume 1A, Amsterdam : Elsevier, North Holland, 2016, (2016), Seite 207-259, 9780444633767
    In: 0444633766
    In: year:2016
    In: pages:207-259
    Language: English
    DOI: 10.1016/bs.hescop.2016.04.003
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  • 6
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    Chapter 5. Legal Aspects of Commercial Policy Rules (2016)
    Details
    UID:
    gbv_1831631482
    ISBN: 9780444633767
    Content: This chapter provides an overview of the legal obligations of the WTO/GATT system and certain related national, bilateral, and plurilateral arrangements. It is intended for economists and other social scientists who seek a concise and accessible introduction to the core legal obligations of the international trading system. Topics include the relationship between international and national law, the constraints on border instruments, the most-favored-nation obligation and its exceptions such as those for regional and preferential trading arrangements, the national treatment obligation, the general exceptions to GATT, technical barriers to trade, safeguard measures, subsidies and countervailing measures, antidumping measures, and trade in services.
    In: Handbook of commercial policy ; volume 1A, Amsterdam : Elsevier, North Holland, 2016, (2016), Seite 263-332, 9780444633767
    In: 0444633766
    In: year:2016
    In: pages:263-332
    Language: English
    DOI: 10.1016/bs.hescop.2016.04.014
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 7
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    Chapter 6. Dispute Settlement in the WTO : Mind Over Matter (2016)
    Details
    UID:
    gbv_183163158X
    ISBN: 9780444633767
    Content: The basic point I advocate in this chapter is that the WTO dispute settlement system aims to curb unilateral punishment. Sanctions can be imposed only in accordance with the outcome of a multilateral process that has been established in order to decide on the (il)legality of actions by WTO members, and the legal consequences thereof. The purpose of this process is to ensure that reciprocal commitments entered should not be unilaterally undone through the commission of illegal acts. There are good reasons though, to doubt whether reciprocity, its statutory underpinnings notwithstanding has also been observed in practice. The insistence on calculating remedies prospectively, and not as of the date when an illegality has been committed, and the ensuing losses for everybody that could or could not be symmetric lend support to the claim that the WTO regime serves “diffuse” as opposed to “specific” reciprocity. Still, WTO members continue to routinely submit their disputes to the WTO adjudicating fora, showing through their behavior that, if necessary, they would rather live in a world where punishment is curbed, than in a world where punishment acts as deterrent.
    In: Handbook of commercial policy ; volume 1A, Amsterdam : Elsevier, North Holland, 2016, (2016), Seite 333-377, 9780444633767
    In: 0444633766
    In: year:2016
    In: pages:333-377
    Language: English
    DOI: 10.1016/bs.hescop.2016.04.004
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 8
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    Chapter 7. The Purpose of Trade Agreements (2016)
    Details
    UID:
    gbv_1831631466
    ISBN: 9780444633767
    Content: In this chapter, I review the literature on governments’ motivations for negotiating and joining international trade agreements. I discuss both normative explanations for trade agreements and explanations based on political-economy concerns. Most of the chapter focuses on the purpose of multilateral agreements, but I do discuss briefly the reasons we might see governments forming preferential or regional trade agreements that exclude some countries.
    In: Handbook of commercial policy ; volume 1A, Amsterdam : Elsevier, North Holland, 2016, (2016), Seite 379-434, 9780444633767
    In: 0444633766
    In: year:2016
    In: pages:379-434
    Language: English
    DOI: 10.1016/bs.hescop.2016.04.016
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 9
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    Chapter 8. The Design of Trade Agreements (2016)
    Details
    UID:
    gbv_1831631571
    ISBN: 9780444633767
    Content: What does economics have to say about the design of international trade agreements? We review a literature on this question, providing detailed coverage on three key design features of the GATT/WTO: reciprocity, nondiscrimination as embodied in the MFN principle, and tariff bindings and binding “overhang.” Each of these features is central to the design of the GATT/WTO and we argue that an economic perspective can go a long way toward revealing a consistent logic to the inclusion of these design features in trade agreements.
    In: Handbook of commercial policy ; volume 1A, Amsterdam : Elsevier, North Holland, 2016, (2016), Seite 435-529, 9780444633767
    In: 0444633766
    In: year:2016
    In: pages:435-529
    Language: English
    DOI: 10.1016/bs.hescop.2016.04.005
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 10
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    Copyright (2016)
    Details
    UID:
    gbv_1831631431
    ISBN: 9780444633767
    In: Handbook of commercial policy ; volume 1A, Amsterdam : Elsevier, North Holland, 2016, (2016), Seite iv, 9780444633767
    In: 0444633766
    In: year:2016
    In: pages:iv
    Language: English
    DOI: 10.1016/S2214-3122(16)30020-5
    URL: Volltext  (Deutschlandweit zugänglich)
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