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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:20240328T191334Z
DTSTART:20131001T200000Z
LOCATION:
SEQUENCE:0
SUMMARY:Trade\, Development and Political Economy presents :Trade Patterns
after the Expiration of the Generalized System of Preferences
UID:RFCALITEM638472356146608145
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"
Speaker: Shushanik Hakobyan
(Assistant Professor of
Economics\, Fordham University)
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.
Tuesday\, October 1\, 2013
4:00 pm
341 Eggers Hall
END:VEVENT
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