East Asian Economic Review | |
The Trade-Agreement Embarrassment | |
Wilfred J. Ethier1  | |
[1] University of Pennsylvania; | |
关键词: Multilateralism; Standard Academic Model; Practitioners' Conventional Wisdom; Terms of Trade; Political Economy; | |
DOI : http://dx.doi.org/10.11644/KIEP.JEAI.2013.17.3.265 | |
来源: DOAJ |
【 摘 要 】
The dominant academic literature about trade agreements maintains that they are only about national terms-of-trade manipulation and not at all about purely political concerns. Non-academic economists, commentators, and diplomats by contrast think that trade agreements are all about political concerns. There are two substantive and important distinctions between the two views. i Practitioners maintain that policymakers care virtually not at all about the terms of trade or about trade-tax revenue. ii Practitioners, unlike academics, maintain that trade-agreement negotiations themselves change the underlying political economy. Observation of actual trade policy measures, though not conclusive, suggests that the practitioners are right and that the academics are wrong.
【 授权许可】
Unknown