We investigate the impact of the Canada-Chile Free Trade Agreement （CCFTA） on Canadian exports to Chile, particularly the dynamic effects of the agree- ment on extensive and intensive margins of trade. Consistent wi...We investigate the impact of the Canada-Chile Free Trade Agreement （CCFTA） on Canadian exports to Chile, particularly the dynamic effects of the agree- ment on extensive and intensive margins of trade. Consistent with the literature, we find that the extensive margin effects occurred later than the intensive margin effects and became more prominent in the long-term. Surprisingly, the intensive margin ef- fects died off in the long-term. A theoretical model is constructed to show that our results can arise in a standard setting of intra-industry trade.展开更多
This paper offers a comprehensive analysis of the reasons for the large number of trade remedy actions taken against China. Using a multi-country and multi-industry dataset, the present paper shows that the macroecono...This paper offers a comprehensive analysis of the reasons for the large number of trade remedy actions taken against China. Using a multi-country and multi-industry dataset, the present paper shows that the macroeconomic situation of China＇s partners has a great influence on the probability of trade frictions arising with China. Moreover, the more powerful the industry is, the more likely it is to take trade remedy actions against China. The empirical results reveal that China has been hurt under the operating mechanism of the WTO, and the number of free trade agreements is negatively related to the initiation and approval of trade remedy actions. Basically, the determinants for countervailing and double remedy measures are identical, while they are different from determinants of antidumping measures. Accordingly, strengthening communication with trade partners will alleviate friction between China and its trade partners. Meanwhile, making use of foreign lobbies power, actively integrating into the international trading system and participating in regional trade agreements are effective ways for China to deal with the ＂new normal＂ of trade frictions.展开更多
文摘We investigate the impact of the Canada-Chile Free Trade Agreement （CCFTA） on Canadian exports to Chile, particularly the dynamic effects of the agree- ment on extensive and intensive margins of trade. Consistent with the literature, we find that the extensive margin effects occurred later than the intensive margin effects and became more prominent in the long-term. Surprisingly, the intensive margin ef- fects died off in the long-term. A theoretical model is constructed to show that our results can arise in a standard setting of intra-industry trade.
基金The study was supported by the Fundamental Research Funds for the Central Universities and the Research Funds of Renmin University of China （13XN1006）, National Natural Science Foundation of China （71473254, 71673280）, Beijing Social Science Foundation （15JGB080） and Youth Talents Project of Beijing Federation of Social Science Circles （2014SKL012）. The authors are grateful for support provided from the Beijing Natural Science Foundation （Grant No. 9122005）.
文摘This paper offers a comprehensive analysis of the reasons for the large number of trade remedy actions taken against China. Using a multi-country and multi-industry dataset, the present paper shows that the macroeconomic situation of China＇s partners has a great influence on the probability of trade frictions arising with China. Moreover, the more powerful the industry is, the more likely it is to take trade remedy actions against China. The empirical results reveal that China has been hurt under the operating mechanism of the WTO, and the number of free trade agreements is negatively related to the initiation and approval of trade remedy actions. Basically, the determinants for countervailing and double remedy measures are identical, while they are different from determinants of antidumping measures. Accordingly, strengthening communication with trade partners will alleviate friction between China and its trade partners. Meanwhile, making use of foreign lobbies power, actively integrating into the international trading system and participating in regional trade agreements are effective ways for China to deal with the ＂new normal＂ of trade frictions.
