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    What Determined 2015 TPA Voting Pattern?: The Role of Trade Negotiating Objectives

    Yoon, Yeo Joon; Lee, Woong | December 2017
    Abstract
    This paper analyzes 2015-TPA voting patterns in the Congress in the context of the trade negotiating objectives. By setting the trade negotiating objectives, the Congress lays out important trade agenda that the Administration is expected to address when it is negotiating trade deals with foreign countries. Therefore setting the objectives is subject of heated debates in the Congress and an important part of TPA. LPM and probit models are used to evaluate the importance of each trade negotiating objectives in 2015-TPA voting decisions. It turns out that the objective on promoting U.S. agricultural exports by reducing unfair trade barriers positively affected the voting decision in favor of the TPA. The objective on enforcing strong labor standards on trade partners also had significant impacts. One other notable result is that how much each congressional region export to China was also an important determinant. This variable is meant to capture several negotiating objectives as well as growing worries of large trade deficits with China. This study documents important issues that U.S. Congress is concerned about in making conducting and implementing trade policies. It may provide insights into the future course of U.S. trade policy and trade deals such as renegotiation of NAFTA and Korea-US FTA.
    Citation
    Yoon, Yeo Joon; Lee, Woong. 2017. What Determined 2015 TPA Voting Pattern?: The Role of Trade Negotiating Objectives. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/7937.
    Print ISBN
    978-89-322-4274-3
    Keywords
    Economic planning
    Economic structure
    Growth policy
    Trade relations
    Trade policy
    Trade policy
    Economic development
    Economies in transition
    International economy
    Border integration
    Economic integration
    Gross domestic product
    Trade policy
    Free Trade
    Trade Facilitation
    Trade
    Economic integration
    Regional Economic Integration
    Intraregional Trade
    Macroeconomic
    Macroeconomic Analysis
    Macroeconomic Framework
    Macroeconomic Models
    Macroeconomic Performance
    Macroeconomic Planning
    Macroeconomic Policies
    Macroeconomic Reform
    Macroeconomic Stabilization
    Regional economics
    Economic forecasting
    Economic development projects
    Success in business
    Business
    Free trade
    Business
    Economics
    Communication in economic development
    Restraint of trade
    International economic integration
    Trade blocs
    East-West
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/7937
    Metadata
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    Thumbnail
    WP 17-08 What Determined 2015 TPA.pdf (2.497Mb)
    Author
    Yoon, Yeo Joon
    Lee, Woong
    Theme
    Trade
    Economics
     
    Copyright 2016-2020 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2020 Asian Development Bank Institute, except as explicitly marked otherwise