Title: Irregular Trade Policy: Reversals, Uncertainty And Diversion
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Date
2022-10-04
Authors
Ait Benasser, Youssef
Journal Title
Journal ISSN
Volume Title
Publisher
University of Oregon
Abstract
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.
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Keywords
International Trade, Policy symmetry, Policy Uncertainty, Political Economy, Trade Diversion, Trade Policy