Trade Wars and Trade Talks with Data

Ossa, Ralph

doi:10.3386/w17347

Cited by 104 publications

(191 citation statements)

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“…Notably, we build on the quantitative framework of Ossa (2014) and extend it to incorporate vertical industry linkages in a setting where industries have access to anti-dumping. As we go through the model in steps, we explain how each assumption can be linked to the US AD proceedings.…”

Section: A Model Of Cascading Trade Protectionmentioning

confidence: 99%

“…7 Hence, it is difficult to bring those models to data and inform their empirical and quantitative implications. Even though our paper's contribution is mostly empirical, we marginally contribute to this strand of literature by instead focusing on a vertically-linked multiindustry setting extension of Ossa (2014), and show that cascading protection exists in one of the most widely used models in international trade, namely the "new" trade model of Krugman (1980).…”

Section: Introductionmentioning

confidence: 99%

“…based on Ossa (2014) with vertical linkages and tailored for anti-dumping procedures that guides our empirical analysis. Section 3 describes the data in detail.…”

Section: Introductionmentioning

confidence: 99%

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Cascading Trade Protection: Evidence from the US

Erbahar

2016

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. (2014) which identifies the key factors and their interactions that cause cascading protection to motivate our empirical analysis. Then, we test our model by identifying the input-output relationships among the time-varying temporary trade barriers of the US using its detailed input-output tables. Terms of use: Documents inAs predicted by the theory, we find that measures on imported inputs increase the likelihood of their downstream users' subsequent trade remedy petition over the 1988-2013 period. Moreover, our simulation exercise shows that cascading protection can cause additional welfare losses, and hence we propose that trade policy investigations should take vertical linkages into account.JEL codes: F1, F13, F14, F68

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Section: A Model Of Cascading Trade Protectionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Cascading Trade Protection: Evidence from the US

Erbahar

2016

SSRN Journal

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“…These changes could be due to reductions in non-tari¤ barriers (including more e¢ cient border procedures), reductions in physical transport costs over the sample period, or even a reduction in the uncertainty regarding possible future tari¤ hikes. 33 If such variables were indeed important, using only the variation in the data associated with tari¤ cuts is still not a 33 See footnote 10 for details.…”

Section: Accepted Articlementioning

confidence: 99%

“…Thus, Canadian exports will decline by less compared to a 39 Allowing for free entry and Cobb-Douglas preferences while keeping the numéraire sector (that is, …xing all wages to 1) yields results identical to those of our "free-entry" model. This is due to the fact that, besides labor income being the same across the two models, the free-entry conditions in both models lead to the same price levels.40 Ossa (2014) points out that the choice of numéraire matters in the presence of aggregate trade imbalances. This is not an issue for our models with quasi-linear preferences because aggregate trade de…cits are absorbed by our homogeneous …nal good A; but it is relevant for the present general equilbrium extension.…”

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confidence: 99%

Tariffs, Trade and Productivity: A Quantitative Evaluation of Heterogeneous Firm Models

Breinlich

Cuñat

2015

Econ J

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We examine the quantitative predictions of heterogeneous …rm in the context of the Canada -US Free Trade Agreement (CUSFTA) of 1989. We compute predicted increases in trade ‡ows and measured productivity and compare them to the post-CUSFTA increases observed in the data. Most models predict increases in measured productivity that are too low by an order of magnitude relative to predicted increases in trade ‡ows. A multi-product …rm extension that allows for within-…rm productivity increases has the potential to reconcile model predictions with the data.Since the seminal contribution by Melitz (2003), heterogeneous …rm models have become a widely used instrument in the 'toolkit'of international economists. These models This work builds upon our earlier (unpublished) paper "Trade Liberalization and Heterogeneous Firm Models: An Evaluation Using the Canada -US Free Trade Agreement". We are grateful to Andy Bernard, Gordon Hanson, Miklós Koren, Sam Kortum, Marc Melitz, Alex Michaelides and Ralph Ossa for helpful discussions. We would also like to thank seminar participants at Banco de España, CEU, Chicago, CORE, the EEA Málaga Meeting, EUI, Fundación Rafael del Pino, Koç University, LSE, Munich, NBER Summer Institute, GIST and Vienna for comments and suggestions. All errors remain ours. Cuñat gratefully acknowledges …nancial support by the Austrian Science Fund (FWF #AP23424-G11). Corresponding author: Holger Breinlich, University of Essex, Department of Economics, Wivenhoe Park, Colchester CO4 3SQ, United Kingdom; Email address: hbrein@essex.ac.uk.This article has been accepted for publication and undergone full peer review but has not been through the copyediting, typesetting, pagination and proofreading process, which may lead to differences between this version and the Version of Record. Please cite this article as doi: 10.1111/ecoj.12218This article is protected by copyright. All rights reserved. Accepted Articlewere motivated by a number of stylized facts: (i) the existence of large productivity differences among …rms within the same industry; (ii) the higher productivity of exporting …rms as compared to non-exporting …rms; (iii) the large levels of resource reallocations across …rms within industries following trade liberalization reforms; and (iv) the resulting gains in aggregate industry productivity. In a generalization of the Krugman (1979Krugman ( , 1980 model, the introduction of within-industry productivity heterogeneity and beachhead costs enables this class of models to produce equilibria and comparative statics along the lines of these facts.While these models are thus qualitatively consistent with available empirical evidence, a thorough evaluation of their quantitative predictions with regards to trade liberalization is still at an early stage. This is despite the fact that the models'quantitative predictions for the link between trade liberalization and changes in aggregate productivity or trade ‡ows are of …rst-order importance for economic policy and welfare analysis. In this paper, we ...

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Adopt or not adopt? Mirror clauses and the European Green Deal

Beckman

Ivanic

Jelliffe

et al. 2022

Applied Eco Perspectives Pol

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Mirror clauses have recently been discussed as a way of setting a level playing field for EU farmers in terms of the proposed European Green Deal (EGD) and the proposed reduction in usage of agricultural inputs. This study builds a Nash equilibrium model to determine if regions would implement these reductions to maintain open trade with the European Union. We find that more regions joining the EGD dampen the negative market impacts to the European Union, but we also find that major agricultural producers do not join the European Union in implementing the EGD.

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Trade Wars and Trade Talks with Data

Cited by 104 publications

References 8 publications

Cascading Trade Protection: Evidence from the US

Cascading Trade Protection: Evidence from the US

Tariffs, Trade and Productivity: A Quantitative Evaluation of Heterogeneous Firm Models

Adopt or not adopt? Mirror clauses and the European Green Deal

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