A “New Trade” Theory of GATT/WTO Negotiations
Year: 2011
Type: article
Abstract: I suggest a novel theory of GATT/WTO negotiations based on Krugman’s “new trade” model. It emphasizes international production relocations and is easy to calibrate to bilateral trade data. Focusing on the major players in recent GATT/WTO negotiations, I find that it implies reasonable noncooperative tariffs as well as moderate gains from GATT/WTO negotiations.
Source: Journal of Political Economy
DOI: 10.1086/659371
Author: Ralph Ossa
Institutions: National Bureau of Economic Research, University of Chicago
Language: English
Topic: Global trade and economics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W3124847469