Contesting an international trade agreement
نویسندگان
چکیده
We develop a new theoretical political economy framework called ‘parallel contest’ that emphasizes the fight over trade agreement (TA) ratification within countries. TA is inherently uncertain in each country because anti- and pro-trade interests contest other to influence their own government's decision. As terms-of-trade theory of TAs, removes externalities created by unilateral tariffs. But, also creates local-price our due endogenous uncertainty combined with requirement ratify for it go ahead. Thus, reciprocal liberalization fails eliminate all externalities.
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ژورنال
عنوان ژورنال: Journal of International Economics
سال: 2021
ISSN: ['0022-1996', '1873-0353']
DOI: https://doi.org/10.1016/j.jinteco.2020.103410