How Long to Read Trade Policy Implications of a Changing World: Tariffs and Import Market Power

How Long Does it Take to Read Trade Policy Implications of a Changing World: Tariffs and Import Market Power?

It takes the average reader and 20 minutes to read Trade Policy Implications of a Changing World: Tariffs and Import Market Power by Adam Jakubik

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

Description

Economic theory suggests that countries’ tariff commitments in trade agreements reflect their import market power at the time of negotiations. However, as countries grow, their market power in different sectors can change in unforeseen ways and their commitments may no longer reflect changed economic conditions. Using a newly built dataset of pre-Uruguay Round applied tariffs and relying on the theoretical framework of the terms-of-trade motive for trade agreements, we estimate hypothetical tariff commitments under current levels of market power and compare them with actual tariff commitments. We find that lower tariff commitments required to reflect current economic conditions would amount to a reduction in annual tariff costs of up to $26.4 billion – equivalent to nearly 10% of global tariff costs. Our results reveal substantial heterogeneity between countries and sectors. The sectors with the largest potential tariff cost reductions are vehicles (HS 87) and machinery and appliances (HS 84-85). Product-level tariff reductions would range from 0 to 18.5 percentage points and are on average largest for China. In the past, the GATT/WTO system has updated tariff commitments through periodic rounds of negotiations, and our findings support the revival of the WTO's negotiation function in this area.

How long is Trade Policy Implications of a Changing World: Tariffs and Import Market Power?

Trade Policy Implications of a Changing World: Tariffs and Import Market Power by Adam Jakubik is 20 pages long, and a total of 5,000 words.

This makes it 7% the length of the average book. It also has 6% more words than the average book.

How Long Does it Take to Read Trade Policy Implications of a Changing World: Tariffs and Import Market Power Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 27 minutes to read Trade Policy Implications of a Changing World: Tariffs and Import Market Power aloud.

What Reading Level is Trade Policy Implications of a Changing World: Tariffs and Import Market Power?

Trade Policy Implications of a Changing World: Tariffs and Import Market Power is suitable for students ages 8 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.

Where Can I Buy Trade Policy Implications of a Changing World: Tariffs and Import Market Power?

Trade Policy Implications of a Changing World: Tariffs and Import Market Power by Adam Jakubik is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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