World trade wars: new impact estimation tools

Abstract

This article provides an overview of the most well-known tools for quantifying the effects of trade wars. The most famous and highly cited works are analyzed. In these works, mathematical models that view the economic systems of several states and participants of international relations at the same time are considered, analysis of which revealed a certain bias of results in favor of individual countries, as well as the lack of consideration of the specific features of the economic systems of most of the subjects considered. In the next work, which is a continuation of this article, we will provide information regarding the model complex being developed for assessing the effects of intercountry trade wars, allowing us to carry out calculations of measures aimed at other countries that are against Russia and China and present the results obtained.