| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5403 |
| DP5403 Rebalancing Growth in China: A Three-Handed Approach | |
| olivier blanchard; Francesco Giavazzi | |
| 发表日期 | 2006-01-12 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | Textbook accounts of the Anglo-French trade agreement of 1860 argue that it heralded the beginning of a liberal trading order. This alleged success has much interest from a policy point of view: unlike modern GATT/WTO multilateral agreements, it rested on bilateral negotiations. But, in reality, how great were its effects? With the help of new data on international trade we provide empirical evidence. We find that the Anglo-French treaty and subsequent network of Most Favoured Nation (MFN) trade agreements coincided with the end of a period of unilateral liberalization across the world, and that it did not contribute to expand trade at all. This is contrary to a deeply rooted belief among economists and economic historians. We conclude that, contrary to a popular wisdom, bilateralism did not promote trade in the 19th century. |
| 主题 | International Macroeconomics |
| 关键词 | Bilateralism Multilateralism Trade policy Mfn Anglo-french treaty Liberalization |
| URL | https://cepr.org/publications/dp5403 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534294 |
| 推荐引用方式 GB/T 7714 | olivier blanchard,Francesco Giavazzi. DP5403 Rebalancing Growth in China: A Three-Handed Approach. 2006. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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