New statistical publications from OECD, mid June 2018

New OECD publications have been uploaded to the OECD iLibrary, a comprehensive digital repository of books, papers, and statistics from the Organisation for Economic Cooperation and Development (OECD). Titles recently added include:

These volumes and more are accessible from the OECD iLibrary by WTO staff and WTO Library patrons.

New publications from OECD, late April 2017

New OECD publications have been uploaded to the OECD iLibrary, a comprehensive digital repository of books, papers, and statistics from the Organisation for Economic Cooperation and Development (OECD). Titles recently added include:

These volumes and more are accessible from the OECD iLibrary by WTO staff and WTO Library patrons.

Preferential Trade Agreements between Asymmetric Countries

This paper examines differences in welfare implications between a free trade area (FTA) and a customs union (CU) for member countries differing in their market sizes. In a stylized three-country model of trade under oligopoly, we take into account the conditions that FTA members set external tariffs to induce their exporting firms to comply with Rules of Origin (ROO) within the trade bloc.

Full-text available in .pdf

Did China׳s rare earth export policies work?

Rare earth elements are a strategic non-renewable resource. China is the largest producer and exporter of rare earth products. However, China has failed in the past to attain pricing power and large profits in spite of its monopolistic status. Over the past decade, China has issued and readjusted a series of policies for rare earth elements. Did China׳s rare earth export policies work? To answer this question, we have conducted an empirical study using the Lerner index and BP neural network. The results indicate that (1) the market power and price sensitivity of China׳s rare earth products have increased dramatically, indicating that China׳s export policies have exerted significant effects, and (2) the differences and changes in the market power and price sensitivity in different policy periods and in different countries verify the validity of China׳s export restriction policies on rare earth products. Moreover, we suggest that for the sustainable improvement of pricing power, China׳s focus could shift from controlling exports to controlling production, such as carrying out mergers in the industry to form large rare earth producers.

Full-text available in .pdf

The financial crisis of 2008 not only started the Great Recession, but also set off fundamental changes in production processes, government fiscal practices, and housing. Technological progress has enabled firms to outsource and offshore parts of the production process, leading to a fragmentation of global value chains. We briefly discuss this “second unbundling,” global versus regional fragmentation and some of the consequences that became visible during the Great Recession’s trade collapse. We discuss the consequences for some local clusters, both from a theoretical and empirical perspective, and some consequences for government fiscal health and housing from an American perspective.

Full-text available in .pdf

World Trade Online 10-29-2014

Documents published on 29 October 2014

AAFA Urges Froman To Protect Berry Amendment From Alteration, Removal In TTIP

USDA Reports Evaluate Effects On Agriculture Of TPP, Bilateral Talks With Vietnam, Japan

EU Says All Regulatory Issues Except Textiles Addressed At TTIP Round 7

Chinese Official Explains Beijing’s Approach To IP Reform At Roundtable With U.S. Tech Industry

BusinessEurope Calls For Juncker Commission To Prioritize Concluding TTIP With ‘State-Of-The-Art’ Investment Protection

NMPF President Says Group Will Increase Focus On Improving Japan Market Access, Resisting EU GI Push

DHS Taps Former Field Operations Head To Serve As CBP Deputy Commissioner

Rand Paul Says Obama Should Seek TPP Conclusion By Year’s End

WTO Report Cites European Economic Recovery As Contributing To Uptick In Global Services, Merchandise Exports

U.S. Defends Timing Of APHIS Risk Assessments In Comments For WTO Argentina Beef Dispute

IDFA Calls On Froman, Vilsack To Seek Traditional Dairy TRQ From Japan In TPP

Commerce Updates Draft CVD Suspension Agreement Text For Mexico Sugar Case

Skills and changing comparative advantage: The case of Japan

Is the skill gap of net exports widening? This question is nontrivial for many industrial countries because, with the rapid growth of emerging countries, human capital is considered one of the most important sources of comparative advantage. Theoretically, however, the answer is not necessarily obvious because of changing comparative advantage. This paper attempts to answer this question by extending the analysis of Wolff (2003) and by focusing on one of the largest OECD countries, Japan, for the period 1980–2005. The results indicate that the answer to the above question may well be “no.” Although Japan is still a net exporter of skill-intensive goods, the skill gap of net exports has been narrowing since the mid-1990s, mainly as a result of the changes in the composition of trade. This implies that some OECD countries, including Japan, may have been losing their comparative advantage in skill-intensive goods in recent years.

Full-text available in .pdf