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As free trade areas have proliferated and statutory tariffs have been dramatically reduced in recent decades, non-tariff barriers (NTBs) to international trade have risen in importance. Destination-specific product standards are one of the major types of NTBs as they impose additional costs on exporters and increase the time required to bring a product to market. This paper examines the response of U.S. manufacturing firms to a reduction of this NTB by looking at the harmonization of European product standards to international norms in the electronics sector. Using a highly detailed dataset that links U.S. international trade transactions to U.S. firms and a new industry-level database of EU product standards, the author finds that harmonization increases U.S. exports to the EU and that this increase is due to more U.S. firms entering the EU market-the extensive margin of trade. New entrants to the EU region are drawn mainly from the most productive set of firms already exporting to developing markets before harmonization -the extensive margin of trade composition. These firms are characterized by being smaller and less productive than the firms that were already exporting to the EU before harmonization. Furthermore, harmonization decreases export sales at existing exporters -the intensive margin of trade. These findings are consistent with a model featuring the role of product standards heterogeneity across market destinations and productivity heterogeneity across firms. These results suggest that working toward a harmonization of product rules across markets could be a supportive policy to encourage small and medium size firms' ability to enter new export markets.

E-Business --- Economic Theory & Research --- Firm Heterogeneity --- Information Security & Privacy --- International Economics & Trade --- Labor Policies --- Markets and Market Access --- Microdata --- Productivity --- Standards

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Globalization and telecoupling are enhancing the complexity of the coupled socio-ecological system constituted by the interaction between the global ecosphere and the anthroposphere. As a result, the demand for tools to identify transformative innovations, assess future risks, and support precautionary decisions for sustainability is growing by the day in business and politics. Scenarios are a means of simplification, reducing the real-world complexity to a limited number of essential factors to analyze their interactions and support policy formulation, with indicators as communication and monitoring tools. In particular, in a time of fake news and alternative truths a critical reflection amongst producers and users of scenarios and indicators is overdue; the capability for critical self-reflection is what distinguishes science from pseudo-science, and is a condition of trust. The authors of this book test established measurement and modeling approaches against new challenges, assess the weaknesses of prevailing innovation theories and the political-ideological embedment of archetypical scenarios, highlight deficits in taking the physical basics into account, and the need to understand global interaction and the stepwise process of energy transitions, point out technical as well as conceptual weaknesses in data collection, harmonization and indicator generation, always with a view to solving problems.

sustainable development goals --- science-policy interface --- long-wave theory --- scenarios --- tweets --- sustainability indicators --- models and modes of science --- environmental innovation --- energy supply --- renewable energy --- gross domestic product --- GDP --- bio-economics --- data needs --- fake news --- European Tourism Indicator System (ETIS) --- climate change --- goals --- Agenda 2030 --- Visit South Sardinia --- tourist destination --- indicators --- monitoring --- modelling --- institutions --- sustainable development --- grid flexibility --- global indicator framework --- microdata --- decision-making --- world views --- SDGs --- Germany --- challenges --- values --- sustainable production and consumption --- policies --- sustainability transition --- storage --- stakeholders --- innovation systems --- societal impact --- fossil energy system --- multi-level perspective --- household consumption --- biodiversity --- agency --- evolutionary economics --- energy transition --- material footprint --- transformation --- sustainable tourism --- opportunities --- policy advice --- international inequality --- resource indicator --- curtailment