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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/66872
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| Title: | | Preferences, rent destruction and multilateral liberalisation: The building block effect of CUSFTA  |
| Authors: | | Ketterer, Tobias Bernhofen, Daniel M. Milner, Chris |
| Issue Date: | | 2012 |
| Series/Report no.: | | CESifo Working Paper: Trade Policy 3985 |
| Abstract: | | If a free trade agreement (FTA) is characterized by the exchange of market access with a large and competitive trading partner, the agreement can cause a leakage of protectionist benefits to domestic industry from lobbying against external tariff cuts. This rent destruction effect of an FTA can free policy makers to be more aggressive in multi-lateral tariff cuts. We argue that the Canadian-US free trade agreement (CUSFTA) provides an ideal policy experiment to link this mechanism to the data. Exploring the determinants of Canada's tariff cuts at the 8 digit HS product level, we find that CUSFTA acted as an additional driver of Canadian multilateral tariff reductions during the Uruguay Round. |
| Subjects: | | preferences rent destruction multilateral liberalization CUSFTA |
| JEL: | | F13 F14 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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