Construct · 1 fields · 1 citations

terms-of-trade theory of trade agreements: a standalone construct

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International economics

the theory that trade agreements exist to stop large countries from manipulating terms of trade through tariffs, a beggar-thy-neighbor externality.

In international economics, terms-of-trade theory of trade agreements refers to the theory that trade agreements exist to stop large countries from manipulating terms of trade through tariffs, a beggar-thy-neighbor externality. This meaning comes from Bagwell (1999) in American Economic Review.[1]

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Nearby constructs

retaliation6 fields · 17 citationsjingle · one name, six constructs externality3 fields · 5 citationsjingle · one word, three constructs stop2 fields · 4 citationsjingle · one word, two constructs

References

Bagwell, K., & Staiger, R. W. (1999). An Economic Theory of GATT. American Economic Review, 89(1), 215-248. https://doi.org/10.1257/aer.89.1.215

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