| Description |
1 online resource (43 pages) : illustrations |
| Series |
Discussion paper series, 0265-8003 ; no. 17853 International macroeconomics and finance |
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Discussion paper (Centre for Economic Policy Research (Great Britain)) ; no. 17853.
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| Summary |
Are Temporary Trade Barriers (TTBs) introduced for strategic reasons? To answer this question, we construct a novel sectoral measure of retaliation using daily bilateral data on TTB responses in 1220 subsectors across a panel of 25 advanced and emerging-market economies during the period 1989-2019. Stylized facts and econometric analysis suggest that within-year responses are more important in terms of intensity and frequency than commonly understood from the existing literature, which has tended to ignore them. We find that retaliation often consists of responses across many sectors and that same-sector retaliation is far from being the norm. In addition, we find that larger countries tend to retaliate more, and that retaliation is larger during periods of higher unemployment and when the trading partner targeted a domestic comparative advantage sector |
| Notes |
"Published 29 January 2023" |
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"Submitted 28 January 2023" |
| Bibliography |
Includes bibliographical references (pages 30-32) |
| Notes |
Description based on online resource; title from https://cepr.org/publications/dp17853 viewed February 3, 2023 |
| Subject |
International trade.
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Protectionism.
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Foreign trade regulation.
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Dumping (International trade)
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Dumping (International trade)
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Foreign trade regulation
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International trade
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Protectionism
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| Form |
Electronic book
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| Author |
Ostry, Jonathan David, 1962- author.
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Papageorgiou, Chris, author.
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Wibaux, Pauline, author
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Centre for Economic Policy Research (Great Britain), publisher.
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