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Replication data for: Uncertainty and Trade Agreements

Version
1
Resource Type
Dataset
Creator
  • Limão, Nuno
  • Maggi, Giovanni
Publication Date
2015-11-01
Description
  • Abstract

    We explore conditions under which trade agreements can provide gains by reducing trade policy uncertainty. Given the degree of income risk aversion, this is more likely when economies are more open, export supply elasticities are lower, and economies more specialized. Governments have stronger incentives to sign trade agreements when the trading environment is more uncertain. As exogenous trade costs decline, the gains from reducing tariff uncertainty become more important relative to reducing average tariff levels. We also develop a simple "sufficient statistic" approach to quantify the gains from managing trade policy uncertainty, and examine the impact of ex ante investments on such gains. (JEL D81, F13)
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/mic.20130163 (Text)
Publications
  • Limão, Nuno, and Giovanni Maggi. “Uncertainty and Trade Agreements.” American Economic Journal: Microeconomics 7, no. 4 (November 2015): 1–42. https://doi.org/10.1257/mic.20130163.
    • ID: 10.1257/mic.20130163 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13

Limão, Nuno; Maggi, Giovanni (2015): Replication data for: Uncertainty and Trade Agreements. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114325V1