Dhingra, Swati - London School of Economics (LSE) - 2014
Median voter theory applied to trade policy predicts positive tariffs in capital-abundant countries and negative … component and a positive in terms of trade component. Positive terms of trade effects raise tariffs in all countries, and can …-abundant countries. As expected, terms of trade effects raise tariffs across all countries and are stronger among non-members of the WTO. …