@TradeDiversion Thanks 🙂! Still C&P say they choose (p4) to look at ‘extensive margin’ changes instead (I haven’t examined their model).
One reason “Ricardian” trade models probably broken. Love of variety is key to production structures, firms success::nber.org/papers/w23108
Is the “Ricardian” NAFTA trade model @rodrikdani points to (shows net 0.08% benefits for USA) plausible?::rodrik.typepad.com/dani_rodriks_w…
@greg_ip:”Whether the U.S. can replicate China’s success is questionable”::wsj.com/articles/on-gl…
Agree with @dikenson: #TPP was an effective, peaceful response to CHN’s “9-dash-line” claims. We will regret it::cato.org/publications/c…
SimonEvenett Nov16 world trade volumes look like they might have broken out of range defined since Jan15. Not true of US, alas. cpb.nl/en/figure/cpb-…
Albeit expected, withdrawal fm #TPP is a ‘defining moment’. Suggests broad downgrading, for now, of US as trade treaty partner. In #WTO too.
WorldTradeLaw Tokyo turns down Australian proposal for TPP without U.S., vows to keep pushing Trump | The Japan Times..twitter.com/i/web/status/8…7N
My national radio interview today on #TPP. The Petri/Plummer estimate of US job “churn” is 54k not 57k (oops!)::abc.net.au/worldtoday/con…
“Structural change during the recent growth boom in developing countries”::rodrik.typepad.com/dani_rodriks_w…
If this is the end of #TPP AUS will loose better services access and a better deal in Japan than our own FTA. Own cuts too were not nothing.
The direct impacts of Trump’s #TPP gesture are likely smaller than the unintended (unconsidered?) consequences. Xi must be grinning broadly.
rodrikdani Here is a new website on which some great economists collaborate to bring you relevant economic analysis econofact.org
“Every decision on trade, on taxes, on immigration, on foreign affairs will be made to benefit American workers and … families.” Good idea!
This brief description of “gotchas” in the “WTO option” seems about right. Upshot? My guess, more jeopardy for WTO::economist.com/blogs/economis…
“Big data is not about the data” (it’s about the algorithms)::gking.harvard.edu/files/gking/fi…
What odds this “V Fast Train” consortium that “doesn’t want a cent” fm govt wants price-regs, monopoly, tolls?::theaustralian.com.au/news/inquirer/…
Tariff burden on poorest US households >5X burden on the rich. No surprise to you perhaps, but… does Mr Trump know?voxeu.org/article/us-tar…ij
Me too! The WTO AB (in the FSC case) said direct tax discrimination was out, although G Hufbauer says that’s nuts::..twitter.com/i/web/status/8…tV
@historyinmoment @SincDavidson Nope… The Kaiser (and his Ministers) did that.
Best things? Obama’s For Pol wins of omission. He sought (ISR, IRN) & kept (except Libya, drone kills) peace:bloomberg.com/view/articles/…
By re-importing low-productivity jobs, Trump could save USA (& ROW) from toxic effects of stronger growth. Hoorah?::bloomberg.com/view/articles/…
How should we read the design of the new Apple HQ? As a “Spaceship” (Apple fans) or a Hill Fort of future industria..twitter.com/i/web/status/8…uE
I think this is what hetero-firms theory tells us. Key benefits emerge at scale fm individutal firm wins AND losses::necsi.edu/research/multi…
[Follow-up]: a complete edition of Bastiat’s “Sophisms” with the dialog “Something Else” on protection & adjustment:econlib.org/library/Bastia…
Excellent piece fm @dikeson. Brush up your Bastiat (start quoting him now). Perhaps start with “Something Else” her..twitter.com/i/web/status/8…NH
Before the start of cyberwar (theguardian.com/commentisfree/…) & before @Snowden, I wrote a novel about the connection::amazon.com/Cloud-Lies-Pet…
Boundless, uncensored #twitter I can (easily, selectively) choke whenever I want is a jewel. Publish & be damned!::theguardian.com/commentisfree/…
ATabarrok 2016 was the best year ever! pic.twitter.com/d52CqaUIdo