The balance of concessions in trade agreements

• المؤلفون الرئيسيون: BESHKAR, Mostafa, CHANG, Pao-li, SONG, Shenxi
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2024
• الموضوعات: WTO; reciprocity; trade concessions; terms-of-trade; bilateral tariffs; multilateral balance; trade imbalances; US-China trade; economic fundamentals; development economics; Asian Studies; International Economics
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soe_research/2753; https://ink.library.smu.edu.sg/context/soe_research/article/3752/viewcontent/2024_05_The_Balance_of_Concessions_in_Trade_Agreement.pdf

This paper introduces a quantitative framework to analyze the WTO’s reciprocity principle. Utilizing two polar bargaining environments, we measure terms-of-trade concessions among WTO members and examine how shifts in applied tariffs and economic fundamentals affect bilateral and multilateral balanc...