The tentative tariff rate for partial import and export products was adjusted since November 1^(st) of 2006.Total 58 imported commodities will be imposed lower tentative
In this paper, the impact of tariffs and exchange rate on consumption and investment in an open economy of scarcity of capital is analysed.The dynamics and market price of capital,and the solution of foreign asset hol...In this paper, the impact of tariffs and exchange rate on consumption and investment in an open economy of scarcity of capital is analysed.The dynamics and market price of capital,and the solution of foreign asset holding of the firm are discussed.Particular attention is also devoted to the social welfare aspects.展开更多
This paper constructs a more unified measurement framework from the perspective of the Leontief inverse matrix and Ghosh inverse matrix(Ghosh).At the same time,referring to the four-term decomposition method of Leonti...This paper constructs a more unified measurement framework from the perspective of the Leontief inverse matrix and Ghosh inverse matrix(Ghosh).At the same time,referring to the four-term decomposition method of Leontief inverse matrix in Muradov(2016),this paper analyzes the structural decomposition of the cumulative tariff cost rate.Results show that(1)Overall,from 2000 to 2017,China's cumulative tariff cost rate,direct tariff cost rate,and multi-stage tariff cost rate all showed a downward trend,and the decline was greater than that of other countries(regions).China has strictly fulflled its WTO accession commitments and has greatly reduced the tariff rate on imported intermediate goods.(2)With China's deep participation in the global value chain,the amplification effect of China's tariffs has increased from 2.57 in 2000 to 3.17 in 2017,and there is a certain degree of"amplification effect"(above 1.5)in tariffs in all countries in the world.(3)From the perspective of the contribution rate of various countries in the world,China contributes the most to the global cumulative tariff cost rate,which is due to the complexity of the global production network structure,rather than the excessively high tariff rate imposed by China on imported intermediate goods.In terms of policy implications,if China did not take the initiative to reduce tariffs,the structural changes in the global production network would lead to a larger global cumulative tariff cost rate.展开更多
Trade liberalization requires institutional coordination and openness,and is driven by a multitude of factors.This paper simulates endogenous optimal tariffs under different model structures to uncover the underlying ...Trade liberalization requires institutional coordination and openness,and is driven by a multitude of factors.This paper simulates endogenous optimal tariffs under different model structures to uncover the underlying drivers of trade liberalization.Parametric calibration and simulation methods based on the numeric general equilibrium model are employed to estimate the optimal tariff rates of countries with and without trade retaliation.Then,near-reality assumptions are added into the standard general equilibrium model structure,including the cross-border capital flow,multi-country assumption and trade cost,to simulate decreasing optimal tariff rates.The simulation results suggest that world economic development has increased the economic ties and interdependence among nations,making trade liberalization an endogenous optimal choice.The backlash against globalization in recent years is motivated by short-term factors,but will not persist in the long run since it goes against the law of economic growth and socio-economic development.展开更多
文摘The tentative tariff rate for partial import and export products was adjusted since November 1^(st) of 2006.Total 58 imported commodities will be imposed lower tentative
基金Project supported by Sichuan Youth Science and Technology Foundation(2 61 ) and Laboratory ofManagementDecision and Informat
文摘In this paper, the impact of tariffs and exchange rate on consumption and investment in an open economy of scarcity of capital is analysed.The dynamics and market price of capital,and the solution of foreign asset holding of the firm are discussed.Particular attention is also devoted to the social welfare aspects.
基金supported by the National Natural Science Foundation of China(71873142)the Humanities and Social Science Research Project of the Ministry of Education(20YJC790140)the National Natural Science Foundation of China(71733003).
文摘This paper constructs a more unified measurement framework from the perspective of the Leontief inverse matrix and Ghosh inverse matrix(Ghosh).At the same time,referring to the four-term decomposition method of Leontief inverse matrix in Muradov(2016),this paper analyzes the structural decomposition of the cumulative tariff cost rate.Results show that(1)Overall,from 2000 to 2017,China's cumulative tariff cost rate,direct tariff cost rate,and multi-stage tariff cost rate all showed a downward trend,and the decline was greater than that of other countries(regions).China has strictly fulflled its WTO accession commitments and has greatly reduced the tariff rate on imported intermediate goods.(2)With China's deep participation in the global value chain,the amplification effect of China's tariffs has increased from 2.57 in 2000 to 3.17 in 2017,and there is a certain degree of"amplification effect"(above 1.5)in tariffs in all countries in the world.(3)From the perspective of the contribution rate of various countries in the world,China contributes the most to the global cumulative tariff cost rate,which is due to the complexity of the global production network structure,rather than the excessively high tariff rate imposed by China on imported intermediate goods.In terms of policy implications,if China did not take the initiative to reduce tariffs,the structural changes in the global production network would lead to a larger global cumulative tariff cost rate.
基金the sponsorship of the Post-funded Project of Philosophy and Social Science Research of the Chinese Ministry of Education (19JHQ062)the National Natural Science Foundation of China (NSFC) General Program (71572048) for this paper
文摘Trade liberalization requires institutional coordination and openness,and is driven by a multitude of factors.This paper simulates endogenous optimal tariffs under different model structures to uncover the underlying drivers of trade liberalization.Parametric calibration and simulation methods based on the numeric general equilibrium model are employed to estimate the optimal tariff rates of countries with and without trade retaliation.Then,near-reality assumptions are added into the standard general equilibrium model structure,including the cross-border capital flow,multi-country assumption and trade cost,to simulate decreasing optimal tariff rates.The simulation results suggest that world economic development has increased the economic ties and interdependence among nations,making trade liberalization an endogenous optimal choice.The backlash against globalization in recent years is motivated by short-term factors,but will not persist in the long run since it goes against the law of economic growth and socio-economic development.
