International Trade Barriers Complaints and Structural Employment: A Conceptual and Quantitative Macro-perspective.pdfVIP

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International Trade Barriers Complaints and Structural Employment: A Conceptual and Quantitative Macro-perspective.pdf

ChineseBusinessReview,ISSN 1537-1506 October2013,Vo1.12,No.10,673-690 … … 岱 InternationalTradeBarriersComplaintsandStructural Employment:AConceptualandQuantitativeMacro—perspective s.Samplonius—Raut,JanW aalkens StendenUniversityofAppliedSciences,Emmen,TheNetherlands Freetrade isbeneficialforallnations.Paretooptimality canbereached bytradewithoutbarriers,leadingto maximizing totalwelfareofnationsinvolved.Yetthere rae clera casesofcomplaining atthe World Trade Organization(WTO)inwhichhomebiasisplausiblythereasonforcomplaining,ratherthanobjectivecriteriaof therulesoftradeagreements.Nexttohomebiasinindividualcasesinducedhomebiasleadingtocomplainingat WTO mightalso be atrend.Using correlation and stepwiseregressionanalysisadataseton28complaining countriesisanalysed.ThenumberofcomplaintsattheWTO isthedependentvariableinexploratory modeling. Independentvariablesarevariousvariablesoneconomicstructure.Structuralunemployment(SUN),agricultural importshare,currentaccountbalance,internationalpropertyrights(IPR),andforeigndirectinvestment(FDI) turnedouttobesignificantlyrelatedtothenumberofcomplaints.Thisisastrongindicatorthatcomplainingatthe WTOisatleastpartlyinducedbyotherthanobjectivefactors.Oneofthesefactorsotherthanobjectivefactors couldbeconsideredasaninducedhomebiaswhichleadstodisruptivetrade.Theestablishedrelationshipwithone ofthesefactorsindicatestheexistenceofinducedhomebiasasan actualtrendbasedontheoutcomesofthe analysispresented. Keywords.tradebarriers,complaints,structuralemployment,disruptivetrade,homebias Introduction Thecurrentliteraturestillneedstoexploretherelationshipbetweenthenumberofcomplaintsfiledat

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