Gains and losses from potential bilateral US–China trade retaliation
AbstractTwo closely related numerical general equilibrium models of world trade are used to analyze the potential consequences of US–China bilateral retaliation on trade flows and welfare. One is a conventional Armington trade model with five regions, the US, China, EU, Japan and the Rest of the World, and calibrated to a global 2009 micro consistent data set. The other is a modified version of this model with monetary non-neutrals and including China's trade surplus as an endogenous variable.
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Bibliographic InfoArticle provided by Elsevier in its journal Economic Modelling.
Volume (Year): 29 (2012)
Issue (Month): 6 ()
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Web page: http://www.elsevier.com/locate/inca/30411
Trade retaliation; Gains; Losses; US; China; General equilibrium;
Other versions of this item:
- Yan Dong & John Whalley, 2011. "Gains and Losses from Potential Bilateral US-China Trade Retaliation," NBER Working Papers 17366, National Bureau of Economic Research, Inc.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Li Wang & John Whalley, 2007.
"The Impacts of Renminbi Appreciation on Trades Flows and Reserve Accumulation in a Monetary Trade Model,"
NBER Working Papers
13586, National Bureau of Economic Research, Inc.
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- Whalley, John & Wang, Li, 2011. "The impacts of Renminbi appreciation on trade flows and reserve accumulation in a monetary trade model," Economic Modelling, Elsevier, vol. 28(1), pages 614-621.
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- Kuga, Kiyoshi, 1973. "Tariff retaliation and policy equilibrium," Journal of International Economics, Elsevier, vol. 3(4), pages 351-366, November.
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