A simple model of the juggernaut effect of trade liberalisation

Richard Baldwin and Frederic Robert-Nicoud

International Economics, 2015, issue 143, 70-79

Abstract: This paper posits a political economy model where (i) reciprocity in multilateral trade talks results in a one-off tariff cut below their unilateral level because reciprocal trade talks turn each nation?s exporters into anti-protectionists at home and (ii) this one-off global tariff is self-reinforcing because it reshapes the political economy landscape via entry and exit.

Keywords: Reciprocal trade liberalisation; Juggernaut effect (search for similar items in EconPapers)
JEL-codes: O16 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Related works:
Working Paper: A Simple Model of the Juggernaut Effect of Trade Liberalisation (2008)
Working Paper: A simple model of the juggernaut effect of trade liberalisation (2008)
Working Paper: A Simple Model of The Juggernaut Effect of Trade Liberalisation (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:cii:cepiie:2015-q3-143-5

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