A simple model of the juggernaut effect of trade liberalisation

Baldwin, Richard; Robert-Nicoud, Frédéric

doi:10.1016/j.inteco.2015.04.008

Scientific article

English

A simple model of the juggernaut effect of trade liberalisation

ContributorsBaldwin, Richard; Robert-Nicoud, Frédéric

Published inInternational Economics, vol. 143, p. 70-79

Publication date2015

Abstract

This paper posits a political economy model where (i) reciprocity in multilateral trade talks results in a one-off tariff cut below their unilateral level because reciprocal trade talks turn each nation's exporters into anti-protectionists at home and (ii) this one-off global tariff is self-reinforcing because it reshapes the political economy landscape via entry and exit.

Keywords

Reciprocal trade liberalization
Juggernaut effect

Affiliation entities

Faculté d'économie et de management

Citation (ISO format)

BALDWIN, Richard, ROBERT-NICOUD, Frédéric. A simple model of the juggernaut effect of trade liberalisation. In: International Economics, 2015, vol. 143, p. 70–79. doi: 10.1016/j.inteco.2015.04.008

Article (Submitted version)

Identifiers

PID : unige:73796
DOI : 10.1016/j.inteco.2015.04.008

Additional URL for this publicationhttp://linkinghub.elsevier.com/retrieve/pii/S211070171500030X

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A simple model of the juggernaut effect of trade liberalisation

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