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作者:MOORE, MO; SURANOVIC, SM
作者单位:George Washington University
摘要:Arguments for strategic trade intervention with Cournot duopolists are reconsidered in a model where domestic firms can lobby for increased subsidies. An export subsidy may not improve national welfare if lobbying costs are included. Even if an optimal positive subsidy exists, the government needs information about lobbying effectiveness in order to correctly implement the program.
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作者:BRENTON, PA; WINTERS, LA
作者单位:University of Birmingham
摘要:Following the imposition of a quantitative import restriction someone somewhere must be quantity rationed. Concentrating on demand we develop methods to test and allow for the presence of rationing in the estimation of demand equations and in the calculation of the welfare effects of quantitative restrictions. Using a CES model we analyse the voluntary export restraints on U.K. imports of two types of leather footwear from Comecon countries. The results suggest that, even if prices did not ris...
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作者:RICHARDSON, M
摘要:Traditional positive analysis of preferential trading areas has focused on the trade-offs between (beneficial) trade creation and (potentially harmful) trade diversion. We consider the latter phenomenon in the formation of a free-trade area (FTA) between countries where tariffs against non-members are set endogenously. We show that such tariffs will fall consequent to the formation of FTAs and trade diversion is likely to become trade creation. This is illustrated in a model in which tariffs a...
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作者:AOKI, R; PRUSA, TJ
摘要:We examine the effect of alternative standards for intellectual property protection. Uniform protection, based on the GATT principle of non-discrimination, provides domestic and foreign firms with the same level of protection. Discriminatory protection, based on Section 337 of the U.S. trade laws, provides different levels of protection depending upon where the firm is located. We show that discriminatory protection may not increase (and may decrease) domestic R&D. The effect of asymmetric pat...
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作者:MEADE, EE
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作者:YI, KM
摘要:This paper investigates the role of U.S. government purchases in explaining recent U.S. net export behavior. I develop a two-country neoclassical model that emphasizes linkages from government purchases to consumption. I compare the model's implications for the movements and co-movements of net exports against their data counterparts. A parameterization in which government purchases and private consumption are complements and in which expectations of future government purchases are revised dow...
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作者:HEAD, K
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作者:BACKUS, DK
摘要:I examine the relation between the trade balance and the terms of trade in a two-country dynamic stochastic exchange economy with complete markets. Along an equilibrium path for this economy, the relation is governed by the substitutability between foreign and domestic goods. I find, in contrast to non-stochastic analyses of the Harberger-Laursen-Metzler effect, that a positive association does not require persistent shocks or non-constant rates of time preference. This contrast highlights the...
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作者:EICHENGREEN, B
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作者:VANGELDROP, JH; WITHAGEN, CAAM
作者单位:Eindhoven University of Technology
摘要:The pricing of raw materials from an exhaustible resource is predominantly analysed within the context of a partial equilibrium. It is argued here that there are good reasons for a general equilibrium analysis. In this paper we present an international trade model with exhaustible resources and characterize the general equilibrium properties. The general perspective adopted leads to new insights compared with a partial equilibrium approach.