Handbook of Commercial Policy

Handbook of Commercial Policy

1st Edition - November 2, 2016

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  • Editors: Kyle Bagwell, Robert Staiger
  • eBook ISBN: 9780444633767
  • Hardcover ISBN: 9780444632807

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Handbook of Commercial Policy explores three main topics that permeate the study of commercial policy. The first section presents a broad set of basic empirical facts regarding the pattern and evolution of commercial policy, with the second section investigating the crosscutting legal issues relating to the purpose and design of agreements. Finally, the third section covers key issues of commercial policy in the modern global economy. Every chapter in the book provides coverage from the perspectives of multilateral, and where appropriate, preferential trade agreements. While most other volumes are policy-oriented, this comprehensive guide explores the ways that intellectual thinking and rigor organize research, further making frontier-level synthesis and current theoretical and empirical research accessible to all.

Key Features

  • Covers the research areas that are critical for understanding how the world of commercial policy has changed, especially over the last 20 years
  • Presents the way in which research on the topic have evolved
  • Scrutinizes the economic modeling of bargaining and legal issues
  • Useful for examining the theory and empirics of commercial policy


Upper-division undergraduates, graduate students, and professionals worldwide working in international economics, international trade, and macroeconomics

Table of Contents

    • Introduction to the Series
    • Preface
    • List of Contributors
    • Part I. Commercial Policy: Empirical Facts, Determinants and Effects
      • Chapter 1: The Empirical Landscape of Trade Policy
        • Abstract
        • 1 Introduction
        • 2 Import Tariffs
        • 3 Border Policies Beyond Import Tariffs
        • 4 The Historical Evolution of Border Barriers Under the GATT
        • 5 Behind-the-Border Policies
        • 6 Conclusion
        • Acknowledgments
        • A Data Appendix
      • Chapter 2: The Political Economy of Commercial Policy
        • Abstract
        • 1 Socially Optimal Policy: A Cursory Review
        • 2 What We Know About the Demand for Protection
        • 3 Political Conditions Shape Commercial Policy
        • 4 Feedback Effects: Political Conditions Are Also Endogenous
        • 5 Conclusion
      • Chapter 3: The Effects of Trade Policy
        • Abstract
        • 1 Introduction
        • 2 Methodology
        • 3 The Effects of Trade Policy: Trade Volume, Prices, Extensive Margin, and Gains from Trade
        • 4 The Effects of Trade Policy on Firms: Productivity, Costs, and Markups
        • 5 The Effects of Trade Policy on Labor Markets
        • 6 The Effects of Trade Policy on Aggregate Growth and Poverty
        • 7 The Effects of Trade Policy: Secondary Distortions, Misallocation, the Role of Policy Uncertainty, and Dynamics
        • 8 Concluding Thoughts
        • Acknowledgments
      • Chapter 4: Quantitative Models of Commercial Policy
        • Abstract
        • 1 Introduction
        • 2 Methods
        • 3 Application
        • 4 Extensions
        • Acknowledgments
    • Part II. Trade Agreements: Legal Background, Purpose and Design
      • Chapter 5: Legal Aspects of Commercial Policy Rules
        • Abstract
        • 1 The Hierarchy of Rules
        • 2 Border Instruments
        • 3 MFN Obligations and Exceptions
        • 4 Domestic Tax and Regulatory Policies: National Treatment
        • 5 The General Exceptions to GATT: Articles XX and XXI
        • 6 The Technical Barriers Codes
        • 7 Subsidies
        • 8 Antidumping Measures
        • 9 Safeguard Measures
        • 10 Miscellaneous Legal Issues
        • 11 Trade in Services (GATS)
        • 12 TRIPs
        • 13 Conclusion
        • Acknowledgments
      • Chapter 6: Dispute Settlement in the WTO: Mind Over Matter
        • Abstract
        • 1 The Argument
        • 2 The Uruguay Round and the Birth of the DSU
        • 3 Dispute Adjudication in WTO
        • 4 Practice
        • 5 Mind Over Matter
        • 6 Section 301: A Foe and a Friend of Multilateralism
        • Acknowledgments
        • Annexes
      • Chapter 7: The Purpose of Trade Agreements
        • Abstract
        • 1 Introduction
        • 2 International Externalities from Unilateral Trade Policies
        • 3 International Externalities With Imperfect Competition
        • 4 Trade Agreements as Commitment Devices
        • 5 Incentives to Form Regional or Preferential Trade Agreements
        • 6 Conclusion
        • Acknowledgments
      • Chapter 8: The Design of Trade Agreements
        • Abstract
        • 1 Introduction
        • 2 Diagnosis of the Problem
        • 3 Reciprocity
        • 4 Nondiscrimination
        • 5 Bindings and Overhang
        • 6 Conclusion
        • Acknowledgments
    • Index

Product details

  • No. of pages: 558
  • Language: English
  • Copyright: © North Holland 2016
  • Published: November 2, 2016
  • Imprint: North Holland
  • eBook ISBN: 9780444633767
  • Hardcover ISBN: 9780444632807

About the Editors

Kyle Bagwell

Kyle Bagwell is the Donald L. Lucas Endowed Professor in Economics at Stanford University. He is also a Senior Fellow of the Stanford Center for International Development, a Senior Fellow of the Stanford Institute for Economic Policy Research, and a Research Associate of the National Bureau of Economic Research. A Stanford Ph.D., he has also taught at Columbia University and Northwestern University.

Affiliations and Expertise

Stanford University, Stanford CA, USA

Robert Staiger

Robert W. Staiger is the Roth Family Distinguished Professor in the Arts and Sciences, and Professor of Economics, at Dartmouth College. He is also Editor (with Charles Engel) of the Journal of International Economics, and a Research Associate at the National Bureau of Economic Research.

Affiliations and Expertise

Dartmouth College, Hanover NH, USA

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