Deep trade agreements and harmonization of standards.

This study examines how free trade agreements (FTAs) and customs unions (CUs) affect multilateral trade agreements when countries endogenously determine the standards as well as tariffs. Raising standards reduces the negative consumption externalities of a traded good but increases firms' costs. We...

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Publicado en:Southern Economic Journal Vol. 88; no. 1; pp. 118 - 144
Autores principales: Kawabata, Yasushi, Takarada, Yasuhiro
Formato: Artículo
Publicado: Wiley-Blackwell Jul2021
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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      dt: Jul2021
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        10.1002/soej.12500
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        atl: Deep trade agreements and harmonization of standards.
      aug:
        au:
          Kawabata, Yasushi
          Takarada, Yasuhiro
        affil:
          Graduate School of Economics, Nagoya City University, Nagoya, Japan
          Faculty of Economics, Nanzan University, Nagoya, Japan
      su:
        International trade
        Commercial treaties
        Free trade
        Customs unions
        Engineering standards
      sug:
        subj:
          International trade
          International Trade Financing
          Commercial treaties
          Free trade
          Customs unions
          Engineering standards
      keyword:
        customs union
        free trade agreement
        multilateral trade agreement
        standards
        tariffs
        customs union
        free trade agreement
        multilateral trade agreement
        standards
        tariffs
      ab: This study examines how free trade agreements (FTAs) and customs unions (CUs) affect multilateral trade agreements when countries endogenously determine the standards as well as tariffs. Raising standards reduces the negative consumption externalities of a traded good but increases firms' costs. We find that a deep FTA with the harmonization of standards may be a stumbling block for multilateral free trade with the international standard that maximizes world welfare, whereas a deep CU with standards is a building block. As extensions, we consider asymmetry in firms' production costs and in the awareness of negative externalities between countries as well as transboundary externalities.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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