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Recent research has suggested that the antebellum U.S. cotton textile industry would have been wiped out had it not received tariff protection. We reaffirm Taussig's judgment that the U.S. cotton textile industry was largely independent of the tariff by the 1830s. American and British producers...
Persistent link: https://www.econbiz.de/10012470918
Were high import tariffs somehow related to the strong U.S. economic growth during the late nineteenth century? This … paper examines this frequently mentioned but controversial question and investigates the channels by which tariffs could … expansion and capital accumulation than on productivity growth; (ii) tariffs may have discouraged capital accumulation by …
Persistent link: https://www.econbiz.de/10012471128
After the Civil War, Congress justified high import tariffs (relative to their prewar levels)" as necessary in order to …" proposed a tariff reduction to reduce customs revenue, the Republicans offered higher tariffs to" reduce imports and customs …
Persistent link: https://www.econbiz.de/10012472573
) with foreign countries. The resulting trade agreements reduced U.S. tariffs and culminated in the General Agreement on … Tariffs and Trade (GATT) in 1947. Was the Great Depression responsible for bringing about this fundamental shift in U.S. trade …
Persistent link: https://www.econbiz.de/10012472933
Uniform tariffs have become increasingly popular in recent years, yet their economic rationale is not strong. We … regime than under a regime in which tariffs are allowed to differ. Second, an input-price effect may dampen the enthusiasm of …
Persistent link: https://www.econbiz.de/10012475355
tariffs. Since the eruption of the debt crisis, many proposals for structural reforms in the developing countries have …
Persistent link: https://www.econbiz.de/10012475686
This paper examines the optimal labor contract in a small open economy with incomplete markets under international price uncertainty. The effect on employment, wages, and profits of different realizations of the state of nature is studied and agents' preferences concerning the implementation of...
Persistent link: https://www.econbiz.de/10012476356
We investigate the effects of higher tariffs on the current account.Tariffs may increase or decrease investment … depending on the capital intensity of the sector protected. We find that ther esponse of saving to tariffs issensitive to the …), saving fallswith higher tariffs. This result may, however, be reversed in the Blanchard-Yaarj type model in which consumers …
Persistent link: https://www.econbiz.de/10012477207
inflation and tariffs as revenue devices. The analysis derives elasticity rules that tie optimal tariff and inflation rates to …
Persistent link: https://www.econbiz.de/10012477367
the Tokyo Round, later unilateral political decisions resulted in less "optimal" tariffs …
Persistent link: https://www.econbiz.de/10012477496