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Labor Versus Capital in Trade-Policy Determination : The Role of General-Interest and Special-Interest Politics

Dutt, Pushan; Mitra, Devashish - 2021

Trade policy depends on the extent to which the government wants to redistribute income as well as on a country's overall factor endowments and their distribution. While the government's desire to redistribute income itself is dependent on asset distribution, it is to a large extent also driven...

Persistent link: https://www.econbiz.de/10013218716

Industry or Class Cleavages Over Trade Policy? Evidence from the Britishgeneral Election of 1923

Irwin, Douglas A. - 2021

Economists and political scientists have frequently attempted to determine whether trade policy-related political action takes place along factor-lines (such as capital versus labor, as implied by the Stolper-Samuelson theorem) or along industry-lines (as implied by models with imperfect factor...

Persistent link: https://www.econbiz.de/10013215706

Protection for Sale : An Empirical Investigation

Goldberg, Pinelopi K.; Maggi, Giovanni - 2021

A prominent model in the recent political-economy literature on trade policy is Grossman and Helpman's (1994) Protection for Sale' model. This model yields clear predictions for the cross-sectional structure of trade protection. The objective of our" paper is to check whether the predictions of...

Persistent link: https://www.econbiz.de/10013211649

Lobbying Competition Over Trade Policy

Gawande, Kishore; Krishna, Pravin; Olarreaga, Marcelo - 2021

Competition between opposing lobbies is an important factor in the endogenous determination of trade policy. This paper investigates empirically the consequences of lobbying competition between upstream and downstream producers for trade policy. The theoretical structure underlying the empirical...

Persistent link: https://www.econbiz.de/10013217953

Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis

Faruqee, Hamid - 2010

In the evolving debate and analysis of global imbalances, a commonly overlooked issue pertains to rising protectionism … a dynamic general equilibrium model of the world economy encompassing four regional blocs. Simulation exercises are …

Persistent link: https://www.econbiz.de/10012760524

Self-Harming Trade Policy? Protectionism and Production Networks

Barattieri, Alessandro; Cacciatore, Matteo - 2022

Using monthly data on temporary trade barriers (TTBs), we estimate the dynamic employment effects of protectionism … movements in protectionism exogenous to economic fundamentals. We then use input-output tables to construct measures of … protectionism affecting downstream producers. Finally, we estimate panel local projections using the identified trade-policy shocks …

Persistent link: https://www.econbiz.de/10014094799

Precedent and Legal Argument in U.S. Trade Policy : Do They Matter to the Political Economy of the Lumber Dispute?

Kalt, Joseph P. - 2021

For more than a decade, the United States and Canada have been engaged in a rancorous dispute over trade in softwood lumber. Through three successive rounds of administrative litigation before the U.S. Department of Commerce, the U.S. sawmill industry has sought to have countervailing duties...

Persistent link: https://www.econbiz.de/10013310225

Why Did the Tariff-Growth Correlation Reverse after 1950?

Clemens, Michael A.; Williamson, Jeffrey G. - 2021

This paper uses a new database to establish a key finding: high tariffs were associated with fast growth before World … controlling for novel measures of the changing world economic environment. Rejecting alternative explanations based on changing … head in a world environment characterized by a moderately higher level of generalized tariff protection. We confirm the …

Persistent link: https://www.econbiz.de/10013249135

Protection for Sale with Imperfect Rent Capturing

Facchini, Giovanni - 2012

Structurally estimating the Grossman and Helpman (1994) model using coverage ratios that include non-tariff barriers leads to biased parameter estimates. We develop a quot;protection for salequot; theoretical framework consistent with the data, by explicitly allowing for non-tariff barriers....

Persistent link: https://www.econbiz.de/10012755693

Who is Exposed to Gas Prices? How Gasoline Prices Affect Automobile Manufacturers and Dealerships

Busse, Meghan R. - 2012

Many consumers are keenly aware of gasoline prices, and consumer responses to gasoline prices have been well studied. In this paper, by contrast, we investigate how gasoline prices affect the automobile industry: manufacturers and dealerships. We estimate how changes in gasoline prices affect...

Persistent link: https://www.econbiz.de/10013096478