Bergstrand delivers keynote, testifies before USITC to evaluate impact of US trade agreements

December 2, 2020 Notre Dame News 0 Comments

Jeffrey Bergstrand, professor of finance at the University of Notre Dame’s Mendoza College of Business, delivered the Nov. 10 keynote address for the U.S. International Trade Commission’s (ITC) virtual conference “Recent Advances in Trade-Policy Modeling and Applications in Emerging Areas.”

In his address, “Future Directions for Trade-Policy Modeling,” Bergstrand provided new theoretical and statistical insights on the “modeling” of fixed trade costs and initial estimates indicating the overall benefits of reducing fixed trade costs found in deeper trade agreements are much larger — relative to the gains from further reductions in tariff rates on existing trade — than previously thought. Read More.

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