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DESCRIPTION:Trade\, Development and Political Economy Presents :"Trade Patt
 erns after the Expiration of the Generalized System of Preferences" Speake
 r: Shushanik Hakobyan(Assistant Professor of Economics\, Fordham Universit
 y)Abstract: This paper investigates whether the expiration of the most com
 prehensive trade preference program offered by the US had a detrimental im
 pact on the imports from developing countries. The US Generalized System o
 f Preferences (GSP)\, introduced in 1975\, allows select developing countr
 ies to export to the US duty free. However\, it is not a permanent program
  and needs to be renewed by the Congress regularly. In 2010\, the Congress
  unexpectedly failed to renew the program\, and it remained expired throug
 h the first 10 months of 2011. Using panel data on all exporters to the US
 \, and because the GSP is applied to select countries and particular produ
 cts\, the author is able to examine the impact of its expiration with a tr
 iple difference-in-differences estimation controlling for both country-and
  product-level import changes. The results suggest that the expiration of 
 GSP had a considerable impact on the level of exports to the US\, particul
 arly of textiles and apparel products. These import responses were the lar
 gest in product categories that faced higher tariffs. These findings provi
 de further support for trade preference programs as instruments to stimula
 te exports from developing countries.Tuesday\, October 1\, 20134:00 pm341 
 Eggers Hall
DTEND:20131001T210000Z
DTSTAMP:20260513T102314Z
DTSTART:20131001T200000Z
LOCATION:
SEQUENCE:0
SUMMARY:Trade\, Development and Political Economy presents :Trade Patterns 
 after the Expiration of the Generalized System of Preferences
UID:RFCALITEM639142501944682334
X-ALT-DESC;FMTTYPE=text/html:Trade\, Development and Political Economy Pres
 ents :"Trade Patterns after the Expiration of the Generalized System of Pr
 eferences" <br><br>Speaker: Shushanik Hakobyan<br>(Assistant Professor of 
 Economics\, Fordham University)<br><br>Abstract: This paper investigates w
 hether the expiration of the most comprehensive trade preference program o
 ffered by the US had a detrimental impact on the imports from developing c
 ountries. The US Generalized System of Preferences (GSP)\, introduced in 1
 975\, allows select developing countries to export to the US duty free. Ho
 wever\, it is not a permanent program and needs to be renewed by the Congr
 ess regularly. In 2010\, the Congress unexpectedly failed to renew the pro
 gram\, and it remained expired through the first 10 months of 2011. Using 
 panel data on all exporters to the US\, and because the GSP is applied to 
 select countries and particular products\, the author is able to examine t
 he impact of its expiration with a triple difference-in-differences estima
 tion controlling for both country-and product-level import changes. The re
 sults suggest that the expiration of GSP had a considerable impact on the 
 level of exports to the US\, particularly of textiles and apparel products
 . These import responses were the largest in product categories that faced
  higher tariffs. These findings provide further support for trade preferen
 ce programs as instruments to stimulate exports from developing countries.
 <br><br>Tuesday\, October 1\, 2013<br>4:00 pm<br>341 Eggers Hall<br><br>
END:VEVENT
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