How can we best model the impact of trade policy at a sub-national level (for example, by specific groups, sectors, and regions)?
Background
Engaging in international trade can be a powerful strategy for domestic firms, however competition effects can mean benefits vary across different parts of the country. Further evidence could address distributional consequences of international trade and investment, to maximise the positive impact across the UK.
Next steps
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Source
This question was published as part of the set of ARIs in this document:
Related UKRI funded projects
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Aggregation in Gravity-Based Estimation: Theory, Evidence and Policy Implications
International trade forms a vital part of modern economies. Likewise, many aspects of government policy are directed towards influencing international trade. For instance, governments may join trade agreements, enter cur...
Funded by: ESRC
Why might this be relevant?
The project aims to shed light on how aggregation affects estimates in gravity estimation, both from a theoretical and an empirical viewpoint, which is relevant to understanding the impact of trade policy at a sub-national level.
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UK in a Changing Europe Fellowship
What types of trade agreements should the UK join post-Brexit? The world trading system, comprised of multilateral, mega-regional, and bilateral trade agreements offers multiple paths forward for the future of UK trade. ...
Funded by: ESRC
Why might this be relevant?
The project focuses on understanding how individual firm responses to government policy and international agreements aggregate to global trade flows and impact welfare, which is relevant to modeling the impact of trade policy at a sub-national level.
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The Economic Impacts of Post-Brexit Trade Options
The UK's exit from the European Union presents policymakers with an unprecedented set of challenges, risks and opportunities. Perhaps nowhere are these more significant than in the decisions that the UK will have to make...
Funded by: ESRC
Why might this be relevant?
The project aims to understand how new trade arrangements for the UK might affect different industries, regions, and workers, which is relevant to modeling the impact of trade policy at a sub-national level.