Year: 2021
Type: article
Abstract: Trade wars occur as a consequence of countries imposing tariffs and/or other trade barriers on one another. Such phenomenon is often a result of nationalism, unilateralism, and protectionism, and intensifies due to retaliation by different sides of the war. We use recent multinational trade data to measure the effects of single- and multi-sided tariffs on international trade. The methodology used in the paper is the structural Gravity model first introduced by Anderson and van Wincoop (2003). Theoretical implications and references of gravity equations are also presented throughout the article.
Source: Business and Economic Research
Institutions: Drexel University, The Ohio State University
Language: English
Topic: Global trade and economics
Domain: Social Sciences
Open Access status: hybrid
Funder: Drexel University
OpenAlex ID: W3191291528