Tuesday June 19, 2018
14.30-15.30 - CEPII, avenue de Ségur, 75007 Paris
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Research seminar "No double standards: quantifying the impact of standard harmonization on trade"
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Walter Steingress est économiste senior à la Banque du Canada. Ses travaux portent sur l’économie internationale, la macroéconomie et l’économétrie appliquée. Nous avons la chance de l'accueillir au CEPII pour nous présenter son dernier travail « No double standards: quantifying the impact of standard harmonization on trade », coécrit avec Julia Schmidt (Banque de France), portant sur l'impact des normes applicables aux produits sur les flux commerciaux. Product standards are omnipresent in industrialized societies. Through standardization can be beneficial for domestic producers, divergent product standards have been categorized as a major obstacle to international trade. The harmonization of standards can be a powerful trade policy tool, but little is known about the mechanisms through which standard harmonization translates into economic outcomes. This paper quantifies the effect of standard harmonization on trade flows and characterizes the extent to which it changes the cost and demand structure of exporting. Using a novel and comprehensive database on cross-country standard equivalences, we identify standard harmonization events at the document level. Our results show that the introduction of new harmonized standards leads to higher fixed costs and creates an entry barrier, while simultaneously raising the demand for products subject to harmonization. The latter effect dominates, thus increasing overall trade flows and consumer welfare.
SUR INVITATION UNIQUEMENT
Renseignements: conferences cepii.fr |
