Trade and investment in the face of declining international cooperation. This project aims to investigate the impact and policy implications of trade and investment policies in a world trade system facing increasing uncertainty. The project intends to gain an improved understanding of investment regulations like Investor State Dispute Settlement (ISDS) agreements and their impact on trade and foreign direct investment. Expected outcomes include new theories for the breakdown of international agr ....Trade and investment in the face of declining international cooperation. This project aims to investigate the impact and policy implications of trade and investment policies in a world trade system facing increasing uncertainty. The project intends to gain an improved understanding of investment regulations like Investor State Dispute Settlement (ISDS) agreements and their impact on trade and foreign direct investment. Expected outcomes include new theories for the breakdown of international agreements and their effects on third world countries as well as empirical methods that allow for a quantification of the welfare and employment effects of investment policies like ISDS. This project should provide benefits by informing government policy makers to improve Australia’s trade and investment policies.Read moreRead less
Trade policy, firm entry and welfare. This project aims to quantify the effects of global tariff cuts on international trade volumes, firm entry and consumer welfare. Tariffs have fallen significantly globally. The project will incorporate international-trade theory into a parsimonious quantitative model of international trade including almost all countries. The project will also compile a comprehensive international database on tariff barriers. The project expects to refine international trade ....Trade policy, firm entry and welfare. This project aims to quantify the effects of global tariff cuts on international trade volumes, firm entry and consumer welfare. Tariffs have fallen significantly globally. The project will incorporate international-trade theory into a parsimonious quantitative model of international trade including almost all countries. The project will also compile a comprehensive international database on tariff barriers. The project expects to refine international trade theory on the effects of tariff reductions on firm entry into markets; estimate the effects of actual multilateral and preferential tariff reductions; create a tool for evaluating trade and industrial policy; and disseminate international tariff databases.Read moreRead less
Geographical Indications for Wine in Australia’s Free Trade Agreements. This project aims to clarify the appropriate basis for protecting geographical indications for wines in trade agreements and domestic legal systems. The project expects to generate new knowledge concerning the criteria, evidence and procedure that should be required to establish a geographical indication. Existing law risks misuse of this mechanism to unjustifiably protect domestic markets; the European Union is seeking prot ....Geographical Indications for Wine in Australia’s Free Trade Agreements. This project aims to clarify the appropriate basis for protecting geographical indications for wines in trade agreements and domestic legal systems. The project expects to generate new knowledge concerning the criteria, evidence and procedure that should be required to establish a geographical indication. Existing law risks misuse of this mechanism to unjustifiably protect domestic markets; the European Union is seeking protection for what appear to be grape varieties rather than geographical indications. Expected outcomes include evidence-based recommendations to government and industry. Project outcomes should benefit Australian economic interests by enhancing Australia’s ability to resist spurious geographical indication claims.Read moreRead less
International Trade, Income Distribution and Welfare. In an era of growing international integration, the measurement of aggregate gains from globalization and their distribution is a major policy concern. While it is natural to think of policy makers as designing policy in response to the distribution of income, the fact that firms may also want to exploit the same information has received less attention. This omission is important since firms routinely utilise such information when designing p ....International Trade, Income Distribution and Welfare. In an era of growing international integration, the measurement of aggregate gains from globalization and their distribution is a major policy concern. While it is natural to think of policy makers as designing policy in response to the distribution of income, the fact that firms may also want to exploit the same information has received less attention. This omission is important since firms routinely utilise such information when designing products and setting prices, resulting in very different welfare outcomes across income groups. This project develops a framework that incorporates this aspect of firm behaviour to re-evaluate the implications of globalization, especially how it affects the distribution of gains and losses. Read moreRead less