Quantifying the effects of industrial policies is one of the most important research issues in various fields of economics.1 One of the most controversial industrial policies is the Japanese policy during the post-war period.2 The controversy arises because the success of some of the Japanese industrial policies has been used to justify
Industrial policy and productivity: The case of import quota removal during post-war Japan
Kozo Kiyota, Tetsuji Okazaki, 6 January 2014
AGOA rules: The intended and unintended consequences of special fabric provisions
Lawrence Edwards, Robert Z. Lawrence, 20 November 2013
The US and EU often claim credit for granting duty-free quota-free access to products from the least developed countries. Such preferential treatment is of interest not only because it might provide one-time benefits in the form of higher incomes and increased employment, but also because trade is often associated with dynamic benefits that lead to faster growth and development.
Will the WTO Bali conference advance the Doha Round and Asia?
Matthias Helble, Ganeshan Wignaraja , 13 November 2013
Trade negotiators from Asia and elsewhere are locked in intense negotiations to lay the platform for a Doha trade deal at the WTO Ministerial Conference in Bali, Indonesia, 3–6 December 2013.
‘No gain without pain’: Antidumping protection hurts exports
Hylke Vandenbussche, Jozef Konings, 30 January 2013
Protection is often viewed as a powerful instrument to help domestic firms to raise their sales at the expense of foreign importers. But this view is now being challenged by recent research showing that the effects of protection really depend on the international orientation of the firms i.e. whether they are exporters or not.
Effects of exchange-rate misalignments on tariffs
Vera Thorstensen, Lucas Ferraz, Emerson Marçal, 4 December 2011
The subject of currency wars and trade wars is gradually gathering interest among scholars and public opinion. In the face of the magnitude of present misalignments and their clear impacts on trade, one may wonder why and how this issue is absent from trade rules and multilateral trade negotiations at the WTO in Geneva.
Determinants of trade-policy responses to the 2008 financial crisis
Kishore Gawande, Bernard Hoekman, Yue Cui, 10 November 2011
The “Great Trade Collapse” that occurred between the second quarter of 2008 and the third quarter of 2009 was the steepest fall of world trade in recorded world history. Despite the trade collapse, the 2008 crisis and its recessionary aftermath did not fuel widespread protectionism.
Corruption and its impact on trade: Extortion or evasion?
Pushan Dutt, Daniel Traça, 25 June 2009
In 2008, the World Bank allocated $4.4 billion for improving public sector governance in various countries and projects across the world. This equals an impressive 18.8% of total World Bank lending.
The Doha Round: A safety net in stormy weather
David Laborde Debucquet, Antoine Bouët, 14 May 2009
The current financial crisis has fostered a demand for protectionism, and could lead to new trade barriers as occurred after the October 1929 crisis. A parallel can easily be drawn between the current situation and the one that existed then.
Trade protection: Incipient but worrisome trends
Richard Newfarmer, Elisa Gamberoni, 4 March 2009
With the global economy teetering on the abyss of severe recession, political pressures demanding import protection to protect employment are surfacing with increasing intensity around the world.
Many trade barriers remain high in the EU
Natalie Chen, Dennis Novy, 27 January 2009
Establishing why some countries trade considerably less than others is one of the most important items on the agenda of international economists. A deeper understanding of the factors that impede international trade is important because it would enable a better evaluation of their welfare costs.
- What good are children?Deaton, Stone
- Money makes people right-wing and inegalitarianOswald, Powdthavee
- Job polarisation and the decline of middle-class workers’ wagesBoehm
- Searching for sources of inequalityFurceri, Loungani
- Measuring economic progressCoyle
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- The ECB’s stealth bailoutSinn
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji