Emerging policy issues : localisation barriers to trade / Susan Stone; James Messent; Dorothee Flaig

Stone, Susan F. ; Messent, James ; Flaig, Dorothee

Englisch

Paris : OECD, 2015

Online-Ressource (125 S.) : graph. Darst.

Systemvoraussetzungen: PDF Reader

DOI: 10.1787/5js1m6v5qd5j-en

*Trade

Herkunftsbezeichnung / CGE-Modell / Wirkungsanalyse / Außenwirtschaftspolitik / Handelshemmnisse

Amtsdruckschrift / Government document / Arbeitspapier / Working paper / Online-Publikation / Online-publication

Journal of Economic Literature: F14

Journal of Economic Literature: F47

Journal of Economic Literature: F68

Despite the predominately negative evidence of the impact of local content requirements on trade, they continue to play a significant role in trade policy. This has been particularly true since the financial crisis of 2008. The work presented here provides new evidence of the detrimental effects these policies have on the imposing countrys own economy. Most empirical studies have focused on the long run inefficiencies associated with LCRs, notably in the effected sector. This paper highlights the costs to other sectors in the economy, the different impacts on intermediate versus final demand, and the declines in trade in third-party economies, despite not engaging in direct trade with the imposing country. Economies imposing LCRs experience a decrease in exports in non-LCR effected sectors and a growing concentration of domestic activity in a few targeted sectors, undermining potential growth and innovation on a broader scale. The paper concludes by offering policy alternatives.

Vervielfältigungen (z.B. Kopien, Downloads) sind nur von einzelnen Kapiteln oder Seiten und nur zum eigenen wissenschaftlichen Gebrauch erlaubt. Die Weitergabe an Dritte sowie systematisches Downloaden sind untersagt.