Wto Essay Award For Young Economists

Wto Essay Award For Young Economists-84
The panel comprises: Dr Robert Koopman (Director of the WTO's Economic Research and Statistics Division) is ex officio member of the panel.Dr Roberta Piermartini (Chief of the WTO's Trade Cost Analysis Section) coordinates the work of the selection panel.

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In the view of the Selection Panel, the paper provides a useful reminder that while, for most non-tariff barriers (NTBs), it is possible to quantify the tariff rate that reduces trade by the same amount (the so called "tariff equivalent"), this is not an accurate measurement because how the NTB impacts the economy is of a different nature. He is currently assistant Professor of Economics at Singapore Management University.

The example of standards highlighted in the paper emphasizes this point. The Selection Panel for 2018 comprised Avinash Dixit (Emeritus Professor of Economics, Princeton University), Robert Koopman (Director, Economic Research and Statistics Division, WTO), Robert Staiger (Professor of Economics, Dartmouth University) and Alberto Trejos (Professor of Economics, INCAE Business School).

The winning author(s) will receive funding to attend the meeting.

An Academic Selection Panel will select the winning paper.

Since GVCs are a very significant feature of international trade, the Selection Panel took the view that the calculation of their welfare effects, including losses inflicted by the disruption of GVCs, is extremely important. Yuan Mei's paper studies the effects of product standards regulation on trade and welfare.

While much work remains to be done, both in terms of the collection of appropriate data and the calculation of the effects, this paper is a very useful start and may launch an “industry” of research. The key finding is that standards can affect fixed as well as marginal costs of production.

In the case of co-authored papers, this requirement shall apply to all authors.

To be considered for the award, essays cannot exceed 15,000 words. The WTO's Economic Research and Statistics Division will shortlist eligible papers by 18 June and the selection panel will take a final decision by 20 July.

The WTO established the annual WTO Essay Award for Young Economists in 2009.

The award, which carries a prize of CHF 5,000, aims to promote high-quality economic research on the WTO and WTO-related issues and to reinforce the relationship between the WTO and the academic community.

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