A 'New Trade' Theory of GATT/WTO Negotiations

No 16388, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: I suggest a novel theory of GATT/WTO negotiations based on the Krugman (1980) "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.

JEL-codes: F12 F13 (search for similar items in EconPapers)
Date: 2010-09
Note: ITI
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Published as “A “ New Trade ” Theory of GATT/WTO Negotiations” Journal of Political Economy 119(1):122 - 152 , February 2011

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Related works:
Journal Article: A "New Trade" Theory of GATT/WTO Negotiations (2011)
Working Paper: A "new trade" theory of GATT/WTO negotiations (2009)
Working Paper: A 'New Trade' Theory of GATT/WTO Negotiations (2008)
Working Paper: A 'new trade' theory of GATT/WTO negotiations (2008)
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