How Long to Read Regulatory Protection and the Role of International Cooperation

By Yuan Mei

How Long Does it Take to Read Regulatory Protection and the Role of International Cooperation?

It takes the average reader 1 hour and 41 minutes to read Regulatory Protection and the Role of International Cooperation by Yuan Mei

Assuming a reading speed of 250 words per minute. Learn more

Description

Domestic regulations that impede international trade have become a central concern in contemporary trade negotiations. In this paper, I develop a general-equilibrium framework to analyze the welfare consequences of product regulations and their international harmonization. In my model, raising product standards reduces a negative externality associated with consumption but also increases the marginal and fixed costs of production. When a country sets its product standards non-cooperatively, the effects of standards on other countries' wages and number of firms are not internalized, giving rise to an international inefficiency. I show that the World Trade Organization's non-discrimination principle of national treatment cannot lead to an efficient equilibrium when standards affect the fixed cost of production. I then conduct a quantitative exercise and find that current international cooperation on product standards is still far from complete: welfare losses from abandoning national treatment average 1.44 percent, whereas potential welfare gains from efficient multilateral cooperation average 12.59 percent.

How long is Regulatory Protection and the Role of International Cooperation?

Regulatory Protection and the Role of International Cooperation by Yuan Mei is 98 pages long, and a total of 25,284 words.

This makes it 33% the length of the average book. It also has 31% more words than the average book.

How Long Does it Take to Read Regulatory Protection and the Role of International Cooperation Aloud?

The average oral reading speed is 183 words per minute. This means it takes 2 hours and 18 minutes to read Regulatory Protection and the Role of International Cooperation aloud.

What Reading Level is Regulatory Protection and the Role of International Cooperation?

Regulatory Protection and the Role of International Cooperation is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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