Retaliation through Temporary Trade Barriers
IMF Working Papers, May 12, 2023
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Bibliographic details
- Authors: Davide Furceri, Jonathan David Ostry, Chris Papageorgiou, Pauline Wibaux
- Published: May 12, 2023
- Series: IMF Working Papers
Overview
- Title: Retaliation through Temporary Trade Barriers
- Authors: Davide Furceri, Jonathan David Ostry, Chris Papageorgiou, Pauline Wibaux
- Publication date: May 12, 2023
- Publication: IMF Working Papers, Working Paper No. 2023/099, Issue: 099
- Pages: 46
Data and empirical approach
- Novel sectoral measure of retaliation constructed using daily bilateral data on TTB responses.
- Coverage: 1220 subsectors across a panel of 25 advanced and emerging market economies.
- Sample period: 1989-2019.
- Empirical focus includes stylized facts and econometric analysis emphasizing within-year responses.
Key findings
- Within-year responses are more important in terms of intensity and frequency than commonly understood from the existing literature, which has tended to ignore them.
- Retaliation often consists of responses across many sectors rather than being limited to a single sector.
- Same-sector retaliation is far from being the norm.
- Larger countries tend to retaliate more.
- Retaliation is larger during periods of higher unemployment.
- Retaliation is larger when the trading partner targeted a domestic comparative advantage sector.
Subject areas and keywords
- Subject: Exports, Imports, International trade, Tariffs, Taxes, Trade barriers, Trade policy
- Keywords: Antidumping, comparative advantage sector, Exports, Global, IMF working paper 23/99, Imports, Protectionism, sector retaliation, Tariffs, Temporary Trade Barriers, Trade barriers, trade barriers data, Trade policy, Trade retaliation
Publication identifiers
- Series: Working Paper No. 2023/099
- Stock No: WPIEA2023099
- ISBN: 9798400241109
- ISSN: 1018-5941
Retaliation through Temporary Trade Barriers — Davide Furceri; Jonathan David Ostry; Chris Papageorgiou; Pauline Wibaux; May 12, 2023; IMF Working Papers No. 2023/099
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