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Do politics affect trade policy? Despite an extensive literature examining the relationship between trade policy and some political factors, relatively few studies have explored the role of a country's electoral system, arguably one of the most fundamental characteristics of a nation's political...
Persistent link: https://www.econbiz.de/10005005484
International trade in apparel and textiles is regulated by a system of bilateral tariffs and quotas known as the Multifiber Arrangement or MFA. Using a time series of detailed product-level data from the United States on the quotas and tariffs that comprise the MFA, we analyze how the MFA...
Persistent link: https://www.econbiz.de/10005089098
Transport time increases with distance traveled, and time is valuable. We show the implications of these facts for global specialization and trade: products where timely delivery is important will be produced near the source of final demand, where wages will be higher as a result. In the model,...
Persistent link: https://www.econbiz.de/10005573707
This study uses both a net factor content analysis and a small simulation model to explore the impact on the U.S. labor market of a fivefold increase in imports of manufactured goods from developing countries. The simulation, which is parameterized by the US economy in 1990, involves a balanced...
Persistent link: https://www.econbiz.de/10005774912
Time is money, and distance matters. We model the interaction of these truisms, and show the implications for global specialization and trade: products where timely delivery is important will be produced near the source of final demand, where wages will be higher as a result. In the model,...
Persistent link: https://www.econbiz.de/10005714865
A recent literature documents the downward impact of national borders on trade. This paper probes the relative importance of two potential sources of border effects: (1) pure locational factors, such as transport costs and tariffs; and (2) an inherent disadvantage for a firm selling in a foreign...
Persistent link: https://www.econbiz.de/10005162260
Do contributions to politicians affect trade policy? To examine this question, we have compiled a new, unique database containing information on political donations by the specific firms and labor organizations that have petitioned for antidumping protection from imports, as well as data on the...
Persistent link: https://www.econbiz.de/10010540649
Our paper advances the previous literature on the relationship between electoral systems and trade protection in several ways. First, our paper is the first to incorporate disaggregated, productlevel data in a crosscountry study. We find that prior crosscountry results, based on national average...
Persistent link: https://www.econbiz.de/10010660063