Economics Theses and Dissertations

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Title: Irregular Trade Policy: Reversals, Uncertainty And Diversion
(University of Oregon, 2022-10-04) Ait Benasser, Youssef; Cristea, Anca
Recent economic, political, and geostrategic developments are upending the global trade framework, weakening global multilateralism and international coordination. The stability and predictability that characterized a slow-moving and consensus-based global system of rules is ceding ground to increasingly more common deviations and irregularities. This invites new questions about the properties of international trade policy. Using a variety of econometric tools and data collection and construction tools, this dissertation empirically investigates three such irregularities that are becoming more prevalent or likely. I find that the economic costs and implications of such irregularities are rather contained in scope and limited in size. This suggests that a transition out of the existing international trade model and into a new framework might be conducted at reduced cost to the continuity and stability of overall economic activity.