作者：Ju, Jiandong; Shi, Kang; Wei, Shang-Jin
作者单位：Tsinghua University; University of Oklahoma System; University of Oklahoma - Norman; Chinese University of Hong Kong; Columbia University; National Bureau of Economic Research
摘要：This paper develops a new theory of international economics by introducing Heckscher-Ohlin features of intra-temporal trade into an intertemporal trade approach of current account. To do so, we consider a dynamic general equilibrium model with tradable sectors of different factor intensities, which allows for substitution between intertemporal trade (current account adjustment) and intra-temporal trade (goods trade). An economy's response to a shock generally involves a combination of a change...
作者：Ketterer, Tobias D.; Bernhofen, Daniel; Milner, Chris
作者单位：University of London; London School Economics & Political Science; American University; University of Nottingham
摘要：If a free trade agreement (ETA) is characterized by the exchange of market access with a large and competitive trading partner, the agreement can cause a leakage of protectionist benefits to domestic industry from lobbying against external tariff cuts. This rent destruction effect of an ETA can free policy makers to be more aggressive in multilateral tariff cuts. We argue that the Canadian-US free trade agreement (CUSFTA) provides an ideal policy experiment to link this mechanism to the data. ...
