Click here to download

Reciprocity in Retrospect: A Historical Inquest of Bilateralism in U.S. Trade Policy
Author/s: Treb Allen, Stephen Meardon 
Year:  2012 Issue: Language: English 
Pages:  29 Pg. 5-33 FullText PDF:  492 KB
DOI:  10.3280/SPE2012-002001
(DOI is like a bar code for intellectual property: to have more infomation:  clicca qui   and here 

Several varieties of bilateral trade arrangements were tried in the United States from independence to 1909. They included most-favored-nation (MFN) treaties of the conditional and unconditional varieties, MFN treaties in which the conditionality was implicit, preferential trade arrangements, and agreements of a different nature authorized by the McKinley Tariff Act of 1890 and the Dingley Act of 1897. This essay is an inquest of the varieties of U.S. trade arrangements and their effects on bilateral trade flows. It surveys the several varieties, discusses the circumstances of their usage, and uses a gravity model to estimate empirically their effects. The empirical results show that bilateralism’s effects on trade flows are contingent upon its varieties and historical circumstances.
Keywords: Bilateralism, international trade treaties, most-favored-nation, preferential trade agreements, reciprocity, trade policy
Jel Code: N71, F13

Treb Allen, Stephen Meardon, in "HISTORY OF ECONOMIC THOUGHT AND POLICY" 2/2012, pp. 5-33, DOI:10.3280/SPE2012-002001


FrancoAngeli is a member of Publishers International Linking Association a not for profit orgasnization wich runs the CrossRef service, enabing links to and from online scholarly content