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Handbook of Commercial Policy
- 1st Edition, Volume 1A-1B SET - December 1, 2016
- Editors: Kyle Bagwell, Robert W. Staiger
- Language: English
- eBook ISBN:9 7 8 - 0 - 4 4 4 - 6 3 9 2 5 - 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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Request a sales quoteHandbook 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. Final sections cover 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 has 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
- Volume 1A
- 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
- Chapter 1: The Empirical Landscape of Trade Policy
- 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
- Chapter 5: Legal Aspects of Commercial Policy Rules
- Index
- Part I. Commercial Policy: Empirical Facts, Determinants and Effects
- Volume 1B
- Trade Agreements: Issue Areas
- Chapter 1: Enforcement and Dispute Settlement
- Abstract
- 1 Introduction
- 2 A Simple Model of Trade
- 3 Self-Enforcing Trade Agreements and Dispute Settlement
- 4 Incomplete Contract and Dispute Settlement
- 5 Empirical Studies
- 6 Concluding Remarks
- Acknowledgments
- Chapter 2: The Escape Clause in Trade Agreements
- Abstract
- 1 Introduction
- 2 The Escape Clause in Existing Trade Agreements
- 3 The Motivation for Escape Clauses
- 4 Escape Clauses and Optimal Contracts
- 5 Other Flexibility Mechanisms
- 6 Does the Escape Clause Undermine or Promote Trade Liberalization?
- 7 Empirical Analysis
- 8 Conclusions
- Acknowledgments
- Chapter 3: Dumping and Antidumping Duties
- Abstract
- 1 Introduction
- 2 A Brief Primer on the History of AD Laws and Basics on Implementation
- 3 Facts and Figures on AD Use
- 4 Key Issues Traditionally Addressed in the Economics and Law Literature
- 5 Recent Research Developments
- 6 Concluding Comments
- Acknowledgments
- Chapter 4: Subsidies and Countervailing Duties
- Abstract
- 1 Introduction
- 2 Domestic Subsidies and Shallow Integration
- 3 Domestic Subsidies and Deep Integration
- 4 Prohibition of Export Subsidies
- 5 Conclusions
- Acknowledgments
- Chapter 5: Nontariff Measures and the World Trading System
- Abstract
- 1 Introduction
- 2 NTMs: Definitions, Data, and Trade Effects
- 3 Treatment of NTMs in Trade Agreements: Theory
- 4 Treatment of NTMs in the WTO
- 5 Other Approaches to International Coordination Over NTMs
- 6 Conclusion
- Acknowledgments
- Appendix
- Chapter 6: Preferential Trade Agreements
- Abstract
- 1 Introduction
- 2 Stylized Facts and a Taxonomy
- 3 Trade and Welfare Effects on Members
- 4 Economic Effects of Deeper PTAs
- 5 PTA Formation and Policies: Motives and Determinants
- 6 Agreement and Policy Interdependence
- 7 Lessons and Future Research
- Acknowledgments
- Chapter 7: Special and Differential Treatment for Developing Countries
- Abstract
- 1 Introduction
- 2 The Institutional Setting
- 3 Theoretical Analyses
- 4 Empirical Evidence on the Effects of SDT
- 5 Concluding Remarks and Future Research
- Acknowledgments
- Appendix Programs of Nonreciprocal Preferences
- Chapter 8: Trade, Intellectual Property Rights, and the World Trade Organization
- Abstract
- 1 Introduction
- 2 TRIPS and the Global Distribution of Patents
- 3 Economics of International Patent Protection
- 4 North-South Models of Technology Transfer
- 5 Exhaustion of IPRs
- 6 Compulsory Licensing Under TRIPS
- 7 Empirical Evidence on IPR Protection
- 8 Conclusion: Lessons Learnt and What Next?
- Acknowledgments
- Chapter 9: Issue Linkage
- Abstract
- 1 Introduction
- 2 Where Do We See Issue Linkage in Reality?
- 3 A Unifying Framework
- 4 Gains and Losses From Enforcement Linkage
- 5 Gains and Losses From Negotiation Linkage
- 6 Gains and Losses From Participation Linkage
- 7 Taking Stock
- 8 Transaction-Cost Arguments Against Linkage
- 9 Empirical Work on Issue Linkage
- 10 Coercive Trade Sanctions
- 11 Conclusion
- Acknowledgments
- Chapter 1: Enforcement and Dispute Settlement
- Index
- Trade Agreements: Issue Areas
- No. of pages: 1156
- Language: English
- Edition: 1
- Volume: 1A-1B SET
- Published: December 1, 2016
- Imprint: North Holland
- eBook ISBN: 9780444639257
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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, USARS
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.
Affiliations and expertise
Dartmouth College, Hanover NH, USA