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Handbook of Commercial Policy
1st Edition - November 2, 2016
Editors: Kyle Bagwell, Robert W. Staiger
Hardback ISBN:9780444632807
9 7 8 - 0 - 4 4 4 - 6 3 2 8 0 - 7
eBook ISBN:9780444633767
9 7 8 - 0 - 4 4 4 - 6 3 3 7 6 - 7
Handbook of Commercial Policy explores three main topics that permeate the study of commercial policy. The first section presents a broad set of basic empirical facts regarding… Read more
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Handbook of Commercial Policy explores three main topics that permeate the study of commercial policy. The first section presents a broad set of basic empirical facts regarding the pattern and evolution of commercial policy, with the second section investigating the crosscutting legal issues relating to the purpose and design of agreements. Finally, the third section covers key issues of commercial policy in the modern global economy.
Every chapter in the book provides coverage from the perspectives of multilateral, and where appropriate, preferential trade agreements. While most other volumes are policy-oriented, this comprehensive guide explores the ways that intellectual thinking and rigor organize research, further making frontier-level synthesis and current theoretical and empirical research accessible to all.
Covers the research areas that are critical for understanding how the world of commercial policy has changed, especially over the last 20 years
Presents the way in which research on the topic have evolved
Scrutinizes the economic modeling of bargaining and legal issues
Useful for examining the theory and empirics of commercial policy
Upper-division undergraduates, graduate students, and professionals worldwide working in international economics, international trade, and macroeconomics
Introduction to the Series
Preface
List of Contributors
Part I. Commercial Policy: Empirical Facts, Determinants and Effects
Chapter 1: The Empirical Landscape of Trade Policy
Abstract
1 Introduction
2 Import Tariffs
3 Border Policies Beyond Import Tariffs
4 The Historical Evolution of Border Barriers Under the GATT
5 Behind-the-Border Policies
6 Conclusion
Acknowledgments
A Data Appendix
Chapter 2: The Political Economy of Commercial Policy
Abstract
1 Socially Optimal Policy: A Cursory Review
2 What We Know About the Demand for Protection
3 Political Conditions Shape Commercial Policy
4 Feedback Effects: Political Conditions Are Also Endogenous
5 Conclusion
Chapter 3: The Effects of Trade Policy
Abstract
1 Introduction
2 Methodology
3 The Effects of Trade Policy: Trade Volume, Prices, Extensive Margin, and Gains from Trade
4 The Effects of Trade Policy on Firms: Productivity, Costs, and Markups
5 The Effects of Trade Policy on Labor Markets
6 The Effects of Trade Policy on Aggregate Growth and Poverty
7 The Effects of Trade Policy: Secondary Distortions, Misallocation, the Role of Policy Uncertainty, and Dynamics
8 Concluding Thoughts
Acknowledgments
Chapter 4: Quantitative Models of Commercial Policy
Abstract
1 Introduction
2 Methods
3 Application
4 Extensions
Acknowledgments
Part II. Trade Agreements: Legal Background, Purpose and Design
Chapter 5: Legal Aspects of Commercial Policy Rules
Abstract
1 The Hierarchy of Rules
2 Border Instruments
3 MFN Obligations and Exceptions
4 Domestic Tax and Regulatory Policies: National Treatment
5 The General Exceptions to GATT: Articles XX and XXI
6 The Technical Barriers Codes
7 Subsidies
8 Antidumping Measures
9 Safeguard Measures
10 Miscellaneous Legal Issues
11 Trade in Services (GATS)
12 TRIPs
13 Conclusion
Acknowledgments
Chapter 6: Dispute Settlement in the WTO: Mind Over Matter
Abstract
1 The Argument
2 The Uruguay Round and the Birth of the DSU
3 Dispute Adjudication in WTO
4 Practice
5 Mind Over Matter
6 Section 301: A Foe and a Friend of Multilateralism
Acknowledgments
Annexes
Chapter 7: The Purpose of Trade Agreements
Abstract
1 Introduction
2 International Externalities from Unilateral Trade Policies
3 International Externalities With Imperfect Competition
4 Trade Agreements as Commitment Devices
5 Incentives to Form Regional or Preferential Trade Agreements
6 Conclusion
Acknowledgments
Chapter 8: The Design of Trade Agreements
Abstract
1 Introduction
2 Diagnosis of the Problem
3 Reciprocity
4 Nondiscrimination
5 Bindings and Overhang
6 Conclusion
Acknowledgments
Index
No. of pages: 558
Language: English
Published: November 2, 2016
Imprint: North Holland
Hardback ISBN: 9780444632807
eBook ISBN: 9780444633767
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Kyle Bagwell
Kyle Bagwell is the Donald L. Lucas Endowed Professor in Economics at Stanford University. He is also a Senior Fellow of the Stanford Center for International Development, a Senior Fellow of the Stanford Institute for Economic Policy Research, and a Research Associate of the National Bureau of Economic Research. A Stanford Ph.D., he has also taught at Columbia University and Northwestern University.
Affiliations and expertise
Stanford University, Stanford CA, USA
RS
Robert W. Staiger
Robert W. Staiger is the Roth Family Distinguished Professor in the Arts and Sciences, and Professor of Economics, at Dartmouth College. He is also Editor (with Charles Engel) of the Journal of International Economics, and a Research Associate at the National Bureau of Economic Research.