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Keywords:World Trade Organization 

Working Paper
The Surprisingly Swift Decline of U.S. Manufacturing Employment

This paper finds a link between the sharp drop in U.S. manufacturing employment beginning in 2001 and a change in U.S. trade policy that eliminated potential tariff increases on Chinese imports. Industries where the threat of tariff hikes declines the most experience more severe employment losses along with larger increases in the value of imports from China and the number of firms engaged in China-U.S. trade. These results are robust to other potential explanations of the employment loss, and we show that the U.S. employment trends differ from those in the E.U., where there was no change in ...
Finance and Economics Discussion Series , Paper 2014-04

Working Paper
Does Trade Liberalization with China Influence U.S. Elections?

This paper examines the impact of trade liberalization on U.S. Congressional elections. We find that U.S. counties subject to greater competition from China via a change in U.S. trade policy exhibit relative increases in turnout, the share of votes cast for Democrats and the probability that the county is represented by a Democrat. We find that these changes are consistent with Democrats in office being more likely than Republicans to support legislation limiting import competition or favoring economic assistance.
Finance and Economics Discussion Series , Paper 2016-039

Working Paper
The most-favored nation rule in club enlargement negotiation

We study the effects of the Most-Favored Nation rule in an applicant's negotiation to join a club. When the applicant has to carry out a series of bilateral bargains with the existing members, we find that there are two effects of the MFN rule, viz. the hardened bargainer effect and the free-rider effect. The former effect tends to favor the applicant, while the latter effect tends to hurt the applicant. We find that the free-rider effect is stronger the more asymmetric are the members. The hardened bargainer effect is stronger the larger is the "size of the pie." As the number of members ...
Working Papers , Paper 0815

Journal Article
An introduction to the WTO and GATT

This article reviews the history of GATT and the WTO. It discusses the founding principles of the post-WW II world trading system--reciprocity and nondiscrimination. Lastly, the article reviews the economics literature on regional trade agreements and administered protection, two important exceptions to GATT's requirement in trade policy.
Economic Perspectives , Volume 27 , Issue Q IV

Journal Article
Maquiladora recovery: lessons for the future

Southwest Economy , Issue Mar , Pages 3-7

Journal Article
US-China trade relations: the best of both worlds

Southwest Economy , Issue Jul , Pages 10

Journal Article
Reforming China's banking system

FRBSF Economic Letter

Journal Article
The WTO and market-supportive regulation: a way forward on new competition, technological and labor issues

Review , Volume 82 , Issue Jul , Pages 115-130

Journal Article
International labor standards in the world trade organization and the international labor organization, commentary

Review , Volume 82 , Issue Jul , Pages 105-114

Journal Article
Trade, WTO and the environment

Southwest Economy , Issue Jan , Pages 10

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